Aptus Capital Advisors LLC Has $6.10 Million Stock Holdings in Boyd Gaming Co. (NYSE:BYD)

Aptus Capital Advisors LLC boosted its holdings in Boyd Gaming Co. (NYSE:BYD - Free Report) by 22.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 84,067 shares of the company's stock after buying an additional 15,384 shares during the quarter. Aptus Capital Advisors LLC owned 0.10% of Boyd Gaming worth $6,098,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. UMB Bank n.a. lifted its stake in Boyd Gaming by 80.3% during the fourth quarter. UMB Bank n.a. now owns 393 shares of the company's stock valued at $29,000 after buying an additional 175 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Boyd Gaming by 47.4% in the fourth quarter. GAMMA Investing LLC now owns 460 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Boyd Gaming in the fourth quarter worth $67,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Boyd Gaming during the third quarter valued at $64,000. Finally, Investment Counsel Co. of Nevada acquired a new position in Boyd Gaming during the fourth quarter valued at $73,000. Institutional investors and hedge funds own 76.81% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on BYD shares. Susquehanna lifted their target price on Boyd Gaming from $75.00 to $76.00 and gave the company a "positive" rating in a research note on Friday, April 25th. StockNews.com lowered shares of Boyd Gaming from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 27th. Macquarie restated a "neutral" rating and set a $74.00 price target on shares of Boyd Gaming in a report on Friday, April 25th. Truist Financial cut their price objective on Boyd Gaming from $92.00 to $85.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. boosted their target price on Boyd Gaming from $74.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $95.07.

Boyd Gaming Stock Performance

Shares of Boyd Gaming stock traded up $0.30 on Friday, reaching $71.87. The stock had a trading volume of 309,946 shares, compared to its average volume of 947,472. 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 business's 50-day moving average price is $67.18 and its two-hundred day moving average price is $71.45. The stock has a market cap of $5.93 billion, a P/E ratio of 11.55, a price-to-earnings-growth ratio of 4.46 and a beta of 1.32. Boyd Gaming Co. has a fifty-two week low of $49.34 and a fifty-two week high of $80.50.

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

Boyd Gaming Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.00%. Boyd Gaming's dividend payout ratio is currently 11.75%.

Insider Transactions at Boyd Gaming

In related news, Chairman Marianne Boyd Johnson sold 50,000 shares of Boyd Gaming stock in a transaction dated 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 sale, the chairman now directly owns 1,346,628 shares of the company's stock, valued at $104,606,063.04. This trade represents a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christine J. Spadafor sold 1,125 shares of the company'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 completion of the transaction, the director now directly owns 4,852 shares of the company's stock, valued at approximately $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 worth $5,158,490 over the last three months. 21.97% of the stock is currently owned by insiders.

About Boyd Gaming

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.