Bamco Inc. NY Lowers Position in Boyd Gaming Co. (NYSE:BYD)

Bamco Inc. NY decreased its holdings in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 24.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,500 shares of the company's stock after selling 26,463 shares during the period. Bamco Inc. NY owned about 0.09% of Boyd Gaming worth $5,912,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BYD. Barclays PLC grew its holdings in shares of Boyd Gaming by 23.9% during the 3rd quarter. Barclays PLC now owns 167,542 shares of the company's stock valued at $10,831,000 after acquiring an additional 32,332 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Boyd Gaming during the 3rd quarter valued at about $64,000. GAMMA Investing LLC lifted its position in Boyd Gaming by 47.4% during the 4th quarter. GAMMA Investing LLC now owns 460 shares of the company's stock worth $33,000 after buying an additional 148 shares in the last quarter. Miracle Mile Advisors LLC bought a new stake in shares of Boyd Gaming during the fourth quarter worth $306,000. Finally, Burney Co. increased its stake in Boyd Gaming by 7.7% in the fourth quarter. Burney Co. now owns 29,598 shares of the company's stock valued at $2,147,000 after purchasing an additional 2,125 shares in the last quarter. Institutional investors and hedge funds own 76.81% of the company's stock.

Insider Transactions at Boyd Gaming

In other Boyd Gaming news, Chairman Marianne Boyd Johnson sold 50,000 shares of the company's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $77.68, for a total value of $3,884,000.00. Following the completion of the sale, the chairman now owns 1,346,628 shares in the company, valued at $104,606,063.04. This represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Christine J. Spadafor sold 1,125 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $75.28, for a total value of $84,690.00. Following the transaction, the director now owns 4,852 shares of the company's stock, valued at $365,258.56. This trade represents a 18.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,125 shares of company stock valued at $5,158,490 in the last quarter. 21.97% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

BYD has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on Boyd Gaming from $74.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Mizuho lowered their target price on Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Truist Financial cut their price target on Boyd Gaming from $92.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Susquehanna upped their price target on Boyd Gaming from $75.00 to $76.00 and gave the stock a "positive" rating in a report on Friday, April 25th. Finally, Macquarie restated a "neutral" rating and set a $74.00 price objective on shares of Boyd Gaming in a research report on Friday, April 25th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $95.07.

Boyd Gaming Trading Up 0.7 %

Shares of NYSE:BYD traded up $0.47 during mid-day trading on Friday, hitting $72.04. The stock had a trading volume of 820,361 shares, compared to its average volume of 948,906. The company's 50 day moving average is $67.17 and its 200-day moving average is $71.56. Boyd Gaming Co. has a 12-month low of $49.34 and a 12-month high of $80.50. The company has a market cap of $5.94 billion, a PE ratio of 11.58, a P/E/G ratio of 4.46 and a beta of 1.32. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82.

Boyd Gaming (NYSE:BYD - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.10. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. The business had revenue of $991.57 million for the quarter, compared to analyst estimates of $976.38 million. During the same period last year, the company earned $1.51 EPS. The firm's revenue was up 3.2% on a year-over-year basis. On average, sell-side analysts predict that Boyd Gaming Co. will post 6.52 EPS for the current year.

Boyd Gaming Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, June 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.00%. Boyd Gaming's dividend payout ratio (DPR) is presently 11.75%.

Boyd Gaming Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.