Accel Entertainment (NYSE:ACEL) Shares Down 10.6% – What’s Next?

Accel Entertainment, Inc. (NYSE:ACEL)’s stock price was down 10.6% during mid-day trading on Friday . The stock traded as low as $10.65 and last traded at $10.46. Approximately 102,250 shares changed hands during trading, a decline of 64% from the average daily volume of 280,819 shares. The stock had previously closed at $11.71.

Wall Street Analysts Forecast Growth

Separately, Macquarie raised their target price on Accel Entertainment from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Friday.

Accel Entertainment Stock Performance

The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. The firm’s fifty day moving average price is $11.20 and its 200-day moving average price is $11.39. The firm has a market cap of $888.86 million, a price-to-earnings ratio of 21.17 and a beta of 1.46.

Insider Transactions at Accel Entertainment

In other Accel Entertainment news, Director David W. Ruttenberg sold 25,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $12.35, for a total transaction of $308,750.00. Following the transaction, the director now directly owns 335,635 shares of the company’s stock, valued at approximately $4,145,092.25. This trade represents a 6.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Derek Harmer sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $11.70, for a total value of $117,000.00. Following the sale, the insider now directly owns 199,413 shares of the company’s stock, valued at approximately $2,333,132.10. This represents a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 94,577 shares of company stock worth $1,090,072. Corporate insiders own 17.90% of the company’s stock.

Institutional Investors Weigh In On Accel Entertainment

Institutional investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in shares of Accel Entertainment by 34.6% in the third quarter. Barclays PLC now owns 224,241 shares of the company’s stock valued at $2,606,000 after buying an additional 57,666 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Accel Entertainment by 1.2% in the third quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company’s stock valued at $3,304,000 after acquiring an additional 3,355 shares during the period. SG Americas Securities LLC boosted its position in shares of Accel Entertainment by 34.8% during the 4th quarter. SG Americas Securities LLC now owns 39,525 shares of the company’s stock worth $422,000 after purchasing an additional 10,194 shares in the last quarter. Creative Planning acquired a new position in Accel Entertainment during the third quarter worth about $144,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Accel Entertainment by 20.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 185,994 shares of the company’s stock valued at $2,161,000 after buying an additional 31,502 shares in the last quarter. Hedge funds and other institutional investors own 55.39% 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.