Accel Entertainment, Inc. (NYSE:ACEL) Short Interest Update

Accel Entertainment, Inc. (NYSE:ACEL) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 799,400 shares, a decline of 13.4% from the February 13th total of 922,900 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average trading volume of 313,100 shares, the days-to-cover ratio is currently 2.6 days.

Insider Transactions at Accel Entertainment

In related news, Director David W. Ruttenberg sold 25,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 335,635 shares in the company, valued at approximately $4,145,092.25. The trade was a 6.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 19.17% of the company’s stock.

Hedge Funds Weigh In On Accel Entertainment

A number of hedge funds have recently modified their holdings of the company. PharVision Advisers LLC bought a new position in shares of Accel Entertainment in the fourth quarter worth approximately $189,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Accel Entertainment by 15.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,064 shares of the company’s stock worth $706,000 after purchasing an additional 9,039 shares during the period. Two Sigma Advisers LP boosted its position in shares of Accel Entertainment by 111.5% in the fourth quarter. Two Sigma Advisers LP now owns 149,500 shares of the company’s stock worth $1,597,000 after purchasing an additional 78,800 shares during the period. Two Sigma Investments LP boosted its position in shares of Accel Entertainment by 164.3% in the fourth quarter. Two Sigma Investments LP now owns 160,094 shares of the company’s stock worth $1,710,000 after purchasing an additional 99,532 shares during the period. Finally, State of Wyoming bought a new position in shares of Accel Entertainment in the fourth quarter worth approximately $255,000. 55.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Macquarie boosted their target price on shares of Accel Entertainment from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, February 28th.

Accel Entertainment Stock Performance

Shares of NYSE ACEL opened at $10.04 on Friday. The firm has a market capitalization of $858.60 million, a price-to-earnings ratio of 19.68 and a beta of 1.54. Accel Entertainment has a 12-month low of $9.37 and a 12-month high of $12.96. The firm has a 50 day moving average of $11.06 and a 200 day moving average of $11.27. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54.

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.