Accel Entertainment (NYSE:ACEL) Sets New 52-Week Low – Should You Sell?

Shares of Accel Entertainment, Inc. (NYSE:ACEL) hit a new 52-week low on Friday . The stock traded as low as $9.23 and last traded at $9.14, with a volume of 55520 shares trading hands. The stock had previously closed at $9.69.

Wall Street Analyst Weigh In

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

Accel Entertainment Price Performance

The business has a fifty day moving average of $10.89 and a 200 day moving average of $11.16. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. The stock has a market cap of $822.16 million, a PE ratio of 18.84 and a beta of 1.35.

Insider Buying and Selling at Accel Entertainment

In other news, Director David W. Ruttenberg sold 25,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $10.61, for a total value of $265,250.00. Following the sale, the director now owns 348,135 shares in the company, valued at approximately $3,693,712.35. This represents a 6.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 19.17% of the stock is currently owned by corporate insiders.

Institutional Trading of Accel Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in shares of Accel Entertainment in the 1st quarter worth approximately $35,000. Covestor Ltd lifted its stake in Accel Entertainment by 32.4% during the fourth quarter. Covestor Ltd now owns 4,294 shares of the company’s stock worth $46,000 after purchasing an additional 1,051 shares during the last quarter. New York State Teachers Retirement System bought a new position in Accel Entertainment during the fourth quarter worth $51,000. Russell Investments Group Ltd. boosted its holdings in Accel Entertainment by 11,304.3% in the fourth quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company’s stock worth $56,000 after purchasing an additional 5,200 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in Accel Entertainment during the third quarter valued at $64,000. 55.39% of the stock is owned by institutional investors.

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.