Anthony Brian Goodman Sells 6,900 Shares of Meridian Holdings Inc. Common Stock (NASDAQ:MRDN) Stock

Key Points

• CEO Anthony Brian Goodman sold 6,900 shares on April 15 at an average price of $6.93 for $47,817 and has executed a string of insider sales in early April (including 20,000 shares on April 8 and 10,000 on April 9), reducing his stake by 1.28% to 532,542 shares.
• Meridian trades around $7.00 with a market cap of $88.48M and reported a quarterly EPS of ($7.09) with a negative net margin (49.16%) and negative ROE (87.11%); Weiss Ratings initiated coverage with a “sell (e+)” and the stock’s consensus rating is Sell.

Meridian Holdings Inc. Common Stock (NASDAQ:MRDN - Get Free Report) CEO Anthony Brian Goodman sold 6,900 shares of the business's stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $6.93, for a total transaction of $47,817.00. Following the completion of the sale, the chief executive officer owned 532,542 shares of the company's stock, valued at approximately $3,690,516.06. The trade was a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Anthony Brian Goodman also recently made the following trade(s):

• On Tuesday, April 14th, Anthony Brian Goodman sold 100 shares of Meridian Holdings Inc. Common Stock stock. The shares were sold at an average price of $6.90, for a total transaction of $690.00.
• On Monday, April 13th, Anthony Brian Goodman sold 713 shares of Meridian Holdings Inc. Common Stock stock. The shares were sold at an average price of $6.90, for a total transaction of $4,919.70.
• On Friday, April 10th, Anthony Brian Goodman sold 903 shares of Meridian Holdings Inc. Common Stock stock. The shares were sold at an average price of $6.99, for a total transaction of $6,311.97.
• On Thursday, April 9th, Anthony Brian Goodman sold 10,000 shares of Meridian Holdings Inc. Common Stock stock. The shares were sold at an average price of $7.00, for a total transaction of $70,000.00.
• On Wednesday, April 8th, Anthony Brian Goodman sold 20,000 shares of Meridian Holdings Inc. Common Stock stock. The shares were sold at an average price of $7.03, for a total transaction of $140,600.00.
• On Tuesday, April 7th, Anthony Brian Goodman sold 1,006 shares of Meridian Holdings Inc. Common Stock stock. The shares were sold at an average price of $6.90, for a total transaction of $6,941.40.
• On Tuesday, March 31st, Anthony Brian Goodman sold 248 shares of Meridian Holdings Inc. Common Stock stock. The shares were sold at an average price of $7.25, for a total transaction of $1,798.00.

Meridian Holdings Inc. Common Stock Price Performance

Meridian Holdings Inc. Common Stock stock traded up $0.40 during trading on Thursday, reaching $7.00. The company had a trading volume of 10,087 shares, compared to its average volume of 22,918. Meridian Holdings Inc. Common Stock has a 12-month low of $5.80 and a 12-month high of $26.52. The company has a market cap of $88.48 million, a price-to-earnings ratio of -0.94 and a beta of 0.28. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.50 and a current ratio of 0.59.

Meridian Holdings Inc. Common Stock (NASDAQ:MRDN - Get Free Report) last released its earnings results on Tuesday, March 31st. The company reported ($7.09) earnings per share (EPS) for the quarter. The company had revenue of $49.58 million during the quarter. Meridian Holdings Inc. Common Stock had a negative net margin of 49.16% and a negative return on equity of 87.11%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on shares of Meridian Holdings Inc. Common Stock in a research report on Tuesday, April 7th. They set a "sell (e+)" rating on the stock. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of "Sell".

Meridian Holdings Inc. Common Stock Company Profile

Meridian Holdings Inc is engaged in the online gaming and betting business, providing sports betting, online casino, and gaming operations across multiple jurisdictions in Europe, Africa, and Central and South America. The company has three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The MeridianBet Group segment includes retail and online sports betting, casinos, and related gaming operations. The GMAG segment focuses on the resale of third-party gaming content, mainly serving customers in the Asia-Pacific region.

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