1060 Capital LLC reduced its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 73.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,000 shares of the company's stock after selling 190,682 shares during the period. Golden Entertainment makes up about 4.4% of 1060 Capital LLC's investment portfolio, making the stock its 8th biggest position. 1060 Capital LLC owned approximately 0.26% of Golden Entertainment worth $2,212,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. DAVENPORT & Co LLC boosted its holdings in Golden Entertainment by 26.6% during the fourth quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company's stock worth $40,864,000 after purchasing an additional 271,782 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Golden Entertainment by 61.8% in the fourth quarter. Russell Investments Group Ltd. now owns 190,033 shares of the company's stock valued at $6,005,000 after purchasing an additional 72,588 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Golden Entertainment by 37.6% during the fourth quarter. Bank of New York Mellon Corp now owns 241,658 shares of the company's stock worth $7,636,000 after acquiring an additional 66,061 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Golden Entertainment by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 1,490,019 shares of the company's stock worth $47,085,000 after buying an additional 57,285 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in Golden Entertainment by 603.6% during the fourth quarter. Teacher Retirement System of Texas now owns 50,077 shares of the company's stock worth $1,582,000 after acquiring an additional 42,960 shares during the period. Institutional investors own 70.73% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. JMP Securities decreased their target price on shares of Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating on the stock in a research report on Thursday, April 17th. Macquarie restated an "outperform" rating and set a $40.00 price objective on shares of Golden Entertainment in a research note on Friday, February 28th. Finally, StockNews.com cut Golden Entertainment from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Golden Entertainment currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.86.
Read Our Latest Research Report on GDEN
Golden Entertainment Price Performance
Shares of NASDAQ GDEN traded up $0.43 during midday trading on Friday, reaching $26.23. 89,408 shares of the company were exchanged, compared to its average volume of 240,197. The stock's 50-day moving average price is $26.93 and its 200-day moving average price is $30.39. The stock has a market cap of $693.39 million, a P/E ratio of 21.15 and a beta of 1.85. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. Golden Entertainment, Inc. has a one year low of $22.66 and a one year high of $35.49.
Golden Entertainment Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.00 dividend on an annualized basis and a yield of 3.81%. Golden Entertainment's payout ratio is presently 59.88%.
Golden Entertainment Company Profile
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Free Report)
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.
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