Boothbay Fund Management LLC Decreases Position in Boyd Gaming Co. (NYSE:BYD)

Boothbay Fund Management LLC reduced its holdings in Boyd Gaming Co. (NYSE:BYD - Free Report) by 55.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,463 shares of the company's stock after selling 10,500 shares during the period. Boothbay Fund Management LLC's holdings in Boyd Gaming were worth $614,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BYD. Hancock Whitney Corp bought a new position in Boyd Gaming during the 4th quarter worth $475,000. Orvieto Partners L.P. bought a new position in Boyd Gaming during the fourth quarter worth $2,902,000. Quantessence Capital LLC acquired a new position in Boyd Gaming in the fourth quarter valued at $410,000. Stifel Financial Corp grew its holdings in Boyd Gaming by 58.2% during the 4th quarter. Stifel Financial Corp now owns 31,169 shares of the company's stock worth $2,261,000 after acquiring an additional 11,470 shares during the period. Finally, State of Tennessee Department of Treasury lifted its stake in shares of Boyd Gaming by 4.1% in the 4th quarter. State of Tennessee Department of Treasury now owns 33,277 shares of the company's stock valued at $2,414,000 after purchasing an additional 1,318 shares during the period. 76.81% of the stock is owned by institutional investors and hedge funds.

Boyd Gaming Stock Performance

Shares of NYSE BYD traded down $0.59 during midday trading on Tuesday, hitting $69.49. 63,094 shares of the company's stock traded hands, compared to its average volume of 950,005. The firm has a fifty day moving average of $67.47 and a 200 day moving average of $71.42. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 4.46 and a beta of 1.31. Boyd Gaming Co. has a 1 year low of $49.34 and a 1 year high of $80.50.

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

Boyd Gaming Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 17th were paid a dividend of $0.18 per share. This is a boost from Boyd Gaming's previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Monday, March 17th. Boyd Gaming's dividend payout ratio is 11.75%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BYD. Mizuho dropped their price target on Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Susquehanna increased their price objective on shares of Boyd Gaming from $75.00 to $76.00 and gave the stock a "positive" rating in a research report on Friday, April 25th. JMP Securities reaffirmed a "market perform" rating on shares of Boyd Gaming in a research report on Friday, February 7th. StockNews.com downgraded Boyd Gaming from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th. Finally, Barclays reduced their price target on shares of Boyd Gaming from $78.00 to $73.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $95.07.

Insider Buying and Selling at Boyd Gaming

In other news, Chairman Marianne Boyd Johnson sold 50,000 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $77.68, for a total transaction of $3,884,000.00. Following the completion of the sale, the chairman now owns 1,346,628 shares in the company, valued at approximately $104,606,063.04. This represents a 3.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William R. Boyd sold 15,000 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $79.32, for a total value of $1,189,800.00. Following the completion of the sale, the director now directly owns 1,472,970 shares of the company's stock, valued at $116,835,980.40. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,125 shares of company stock worth $5,158,490 over the last quarter. Insiders own 27.94% of the company's stock.

Boyd Gaming Company 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.