Deprince Race & Zollo Inc. Invests $17.70 Million in Golden Entertainment, Inc. (NASDAQ:GDEN)

Deprince Race & Zollo Inc. purchased a new stake in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 560,252 shares of the company's stock, valued at approximately $17,704,000. Deprince Race & Zollo Inc. owned approximately 2.04% of Golden Entertainment at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in GDEN. Barclays PLC lifted its holdings in Golden Entertainment by 84.7% during the third quarter. Barclays PLC now owns 48,918 shares of the company's stock valued at $1,556,000 after purchasing an additional 22,440 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Golden Entertainment by 42.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 10,190 shares of the company's stock valued at $325,000 after purchasing an additional 3,037 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Golden Entertainment by 5.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 31,795 shares of the company's stock worth $1,005,000 after buying an additional 1,672 shares in the last quarter. DAVENPORT & Co LLC boosted its position in shares of 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 acquiring an additional 271,782 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Golden Entertainment by 2.2% during the fourth quarter. Rhumbline Advisers now owns 52,291 shares of the company's stock worth $1,652,000 after acquiring an additional 1,102 shares during the last quarter. Hedge funds and other institutional investors own 70.73% of the company's stock.

Golden Entertainment Trading Up 4.2%

GDEN stock traded up $1.16 during mid-day trading on Monday, reaching $28.48. 231,931 shares of the stock traded hands, compared to its average volume of 236,273. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. Golden Entertainment, Inc. has a one year low of $22.66 and a one year high of $35.49. The stock has a market capitalization of $752.87 million, a PE ratio of 22.97 and a beta of 1.85. The business has a 50-day moving average price of $26.45 and a two-hundred day moving average price of $30.25.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). Golden Entertainment had a net margin of 5.23% and a return on equity of 0.69%. The firm had revenue of $160.84 million for the quarter, compared to the consensus estimate of $164.37 million. Equities research analysts expect that Golden Entertainment, Inc. will post 0.2 EPS for the current year.

Golden Entertainment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Wednesday, June 25th. Golden Entertainment's dividend payout ratio (DPR) is 256.41%.

Analyst Upgrades and Downgrades

Several research firms have commented on GDEN. JMP Securities dropped their price objective on shares of Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating for the company in a report on Thursday, April 17th. StockNews.com cut Golden Entertainment from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Finally, Macquarie reaffirmed an "outperform" rating and set a $40.00 price target on shares of Golden Entertainment in a research note on Friday, February 28th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $37.00.

Golden Entertainment Profile

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.