1060 Capital LLC Reduces Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

1060 Capital LLC lessened its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 73.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,000 shares of the company's stock after selling 190,682 shares during the period. Golden Entertainment makes up approximately 4.4% of 1060 Capital LLC's portfolio, making the stock its 8th biggest holding. 1060 Capital LLC owned 0.26% of Golden Entertainment worth $2,212,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GDEN. Vanguard Group Inc. boosted its holdings in shares of Golden Entertainment by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 1,490,019 shares of the company's stock worth $47,085,000 after acquiring an additional 57,285 shares during the period. DAVENPORT & Co LLC lifted its holdings in shares of Golden Entertainment by 26.6% in the fourth quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company's stock worth $40,864,000 after buying an additional 271,782 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Golden Entertainment by 4.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 673,667 shares of the company's stock valued at $21,288,000 after acquiring an additional 27,508 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Golden Entertainment by 5.4% in the 4th quarter. New York State Common Retirement Fund now owns 384,739 shares of the company's stock valued at $12,158,000 after purchasing an additional 19,587 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Golden Entertainment by 10.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 309,196 shares of the company's stock valued at $9,771,000 after purchasing an additional 30,487 shares in the last quarter. 70.73% of the stock is owned by institutional investors.

Golden Entertainment Trading Up 0.8 %

GDEN traded up $0.22 during midday trading on Wednesday, reaching $25.88. 33,502 shares of the company's stock traded hands, compared to its average volume of 238,511. The firm has a fifty day moving average of $26.71 and a two-hundred day moving average of $30.33. Golden Entertainment, Inc. has a 52 week low of $22.66 and a 52 week high of $35.49. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03. The stock has a market capitalization of $684.01 million, a price-to-earnings ratio of 20.94 and a beta of 1.85.

Golden Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.00 annualized dividend and a dividend yield of 3.86%. Golden Entertainment's dividend payout ratio is presently 59.88%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GDEN shares. JMP Securities dropped their price target on Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating for the company in a research report on Thursday, April 17th. StockNews.com lowered shares of Golden Entertainment from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Macquarie restated an "outperform" rating and set a $40.00 price target on shares of Golden Entertainment in a research report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $36.86.

Golden Entertainment Profile

Golden Entertainment, Inc owns and operates a diversified entertainment platform in the United States. The company operates through four segments; Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. It also operates casino, casino resorts, and taverns; and slot machines in third party non-casino locations.