Accel Entertainment (NYSE:ACEL) Sees Large Volume Increase

Shares of Accel Entertainment, Inc. (NYSE:ACEL) saw unusually-high trading volume on Wednesday . Approximately 79,529 shares traded hands during mid-day trading, a decline of 69% from the previous session’s volume of 252,661 shares.The stock last traded at $11.25 and had previously closed at $11.28.

Analyst Ratings Changes

Separately, TheStreet raised shares of Accel Entertainment from a “c+” rating to a “b” rating in a report on Friday, August 4th.

Accel Entertainment Stock Performance

The company has a market capitalization of $952.95 million, a P/E ratio of 17.95 and a beta of 1.26. The company has a debt-to-equity ratio of 2.59, a quick ratio of 2.95 and a current ratio of 3.03. The stock’s fifty day moving average price is $11.27 and its 200-day moving average price is $10.00.

Accel Entertainment (NYSE:ACEL) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.06. The firm had revenue of $292.65 million for the quarter, compared to analysts’ expectations of $277.54 million. Accel Entertainment had a net margin of 4.86% and a return on equity of 43.33%. As a group, research analysts anticipate that Accel Entertainment, Inc. will post 0.72 EPS for the current fiscal year.

Insider Buying and Selling at Accel Entertainment

In other Accel Entertainment news, CEO Andrew H. Rubenstein sold 20,000 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $11.36, for a total value of $227,200.00. Following the transaction, the chief executive officer now directly owns 4,227,965 shares of the company’s stock, valued at approximately $48,029,682.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Accel Entertainment news, CEO Andrew H. Rubenstein sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $10.67, for a total transaction of $53,350.00. Following the transaction, the chief executive officer now owns 4,247,965 shares in the company, valued at approximately $45,325,786.55. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew H. Rubenstein sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $11.36, for a total transaction of $227,200.00. Following the transaction, the chief executive officer now owns 4,227,965 shares in the company, valued at approximately $48,029,682.40. The disclosure for this sale can be found here. Insiders have sold a total of 172,311 shares of company stock valued at $1,934,507 in the last three months. 19.17% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. UBS Group AG grew its position in shares of Accel Entertainment by 28,100.0% during the 3rd quarter. UBS Group AG now owns 3,666 shares of the company’s stock worth $29,000 after purchasing an additional 3,653 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Accel Entertainment by 154.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,838 shares of the company’s stock worth $41,000 after purchasing an additional 2,332 shares in the last quarter. Quarry LP boosted its position in shares of Accel Entertainment by 70.6% during the 2nd quarter. Quarry LP now owns 5,559 shares of the company’s stock worth $59,000 after acquiring an additional 2,301 shares in the last quarter. Advisor Group Holdings Inc. boosted its position in shares of Accel Entertainment by 87.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 9,143 shares of the company’s stock worth $111,000 after acquiring an additional 4,257 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Accel Entertainment during the 1st quarter worth approximately $113,000. Institutional investors and hedge funds own 68.36% of the company’s stock.

Accel Entertainment Company Profile

Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.