Accel Entertainment (NYSE:ACEL) Shares Gap Up – What’s Next?

Accel Entertainment, Inc. (NYSE:ACEL)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $11.05, but opened at $11.50. Accel Entertainment shares last traded at $11.38, with a volume of 75,899 shares traded.

Accel Entertainment Stock Performance

The firm’s 50 day moving average price is $11.17 and its two-hundred day moving average price is $11.19. The firm has a market cap of $932.91 million, a PE ratio of 22.24 and a beta of 1.46. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71.

Insider Transactions at Accel Entertainment

In other news, Director David W. Ruttenberg sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $11.55, for a total transaction of $288,750.00. Following the sale, the director now owns 373,135 shares of the company’s stock, valued at approximately $4,309,709.25. This trade represents a 6.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark T. Phelan sold 9,577 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.65, for a total transaction of $111,572.05. Following the sale, the insider now owns 189,788 shares of the company’s stock, valued at $2,211,030.20. This trade represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 164,577 shares of company stock worth $1,891,172. 17.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Accel Entertainment

Hedge funds have recently modified their holdings of the stock. Point72 Asset Management L.P. purchased a new stake in shares of Accel Entertainment in the third quarter valued at about $64,000. Quantbot Technologies LP acquired a new position in shares of Accel Entertainment during the 3rd quarter worth approximately $78,000. Quarry LP lifted its stake in Accel Entertainment by 268.4% in the 2nd quarter. Quarry LP now owns 8,642 shares of the company’s stock valued at $89,000 after buying an additional 6,296 shares in the last quarter. Creative Planning acquired a new stake in Accel Entertainment during the 3rd quarter valued at $144,000. Finally, EP Wealth Advisors LLC purchased a new position in Accel Entertainment during the third quarter worth $146,000. 55.39% of the stock is owned by institutional investors and hedge funds.

About Accel Entertainment

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.