Accel Entertainment Experiences Surge in Trading Volume - What Lies Ahead?

Accel Entertainment, Inc. (NYSE:ACEL) has recently caught the attention of investors with a significant rise in trading activity. On Monday, the company saw unusual trading volume, with approximately 185,386 shares changing hands during midday trading. This figure marks a 6% increase compared to the previous session, which reported a volume of 174,152 shares. As of the last trade, the stock was priced at $10.28, slightly up from its previous closing price of $10.26.

Accel Entertainment Stock Performance

The stock has a market capitalization of $852.25 million and a price-to-earnings ratio of 20.29, indicating that it is being valued with a moderate level of investor confidence. The stock's beta is 1.46, suggesting higher volatility than the market. In terms of technical trading indicators, the 50-day moving average is $11.30 and the 200-day moving average sits at $11.16. Accel Entertainment has a debt-to-equity ratio of 2.54, which is indicative of its leverage, along with a current ratio of 2.71 and a quick ratio of 2.63 indicating a stable liquidity position.

Insider Activity Within Accel Entertainment

Recently, insider trading activity has drawn some attention. On December 16th, insider Derek Harmer sold 10,000 shares at an average price of $11.70, totaling a transaction amount of $117,000. Following this sale, Harmer now owns 199,413 shares of the company, valued at approximately $2,333,132. This transaction represents a 4.78% decrease in his position. Moreover, on December 3rd, another insider, Mark T. Phelan, sold 9,577 shares at an average price of $11.65, amounting to $111,572.05. Phelan now holds 189,788 shares valued around $2,211,030. This transaction reflects a 4.80% decrease in his holding. In total, insiders have sold 164,577 shares worth $1,915,672 in the last quarter, and insiders currently own 19.17% of the company's stock.

Institutional Investments in Accel Entertainment

Accel Entertainment has also witnessed several notable moves from institutional investors. Point72 Asset Management L.P. acquired a new position during the third quarter worth approximately $64,000, while Quantbot Technologies LP added a new stake valued at about $78,000. Quarry LP has notably increased its holdings in Accel Entertainment by 268.4% during the second quarter, bringing its total to 8,642 shares valued at approximately $89,000. Creative Planning entered the picture with a new investment worth around $144,000 in the third quarter, and EP Wealth Advisors LLC also acquired a new stake valued at $146,000 during the same period. Overall, hedge funds and other institutional investors collectively own 55.39% of the stock.

Overview of Accel Entertainment

Accel Entertainment, Inc. operates as a distributed gaming operator in the United States. The company specializes in the installation, maintenance, and operation of gaming terminals and redemption devices that dispense winnings and provide ATM-like functionalities. It also manages various amusement devices located in authorized venues, including restaurants, bars, convenience stores, and truck stops.

Consider This Before Investing

Before making any investment in Accel Entertainment, it’s important to evaluate the insights of market analysts. Currently, while the stock holds a "Buy" rating amongst many, analysts have identified other stocks they consider more favorable investments. It may be worth researching these alternatives to ensure an optimal investment strategy.

trade, volume, stock, insiders, investors