Driehaus Capital Management LLC trimmed its stake in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 33.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 383,738 shares of the company's stock after selling 195,770 shares during the quarter. Driehaus Capital Management LLC owned approximately 1.40% of Golden Entertainment worth $12,126,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in GDEN. Beacon Investment Advisors LLC increased its holdings in shares of Golden Entertainment by 0.8% during the fourth quarter. Beacon Investment Advisors LLC now owns 44,559 shares of the company's stock valued at $1,408,000 after purchasing an additional 333 shares during the period. Two Sigma Securities LLC increased its holdings in shares of Golden Entertainment by 10.9% during the fourth quarter. Two Sigma Securities LLC now owns 7,219 shares of the company's stock valued at $228,000 after purchasing an additional 709 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Golden Entertainment by 16.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,678 shares of the company's stock valued at $243,000 after purchasing an additional 1,085 shares during the period. Rhumbline Advisers increased its holdings in shares of Golden Entertainment by 2.2% during the fourth quarter. Rhumbline Advisers now owns 52,291 shares of the company's stock valued at $1,652,000 after purchasing an additional 1,102 shares during the period. Finally, Meeder Asset Management Inc. increased its holdings in shares of Golden Entertainment by 86.0% during the fourth quarter. Meeder Asset Management Inc. now owns 2,474 shares of the company's stock valued at $78,000 after purchasing an additional 1,144 shares during the period. 70.73% of the stock is currently owned by institutional investors.
Golden Entertainment Trading Down 0.9%
Shares of NASDAQ:GDEN traded down $0.28 during midday trading on Thursday, reaching $29.52. The company had a trading volume of 62,745 shares, compared to its average volume of 234,473. 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 1-year low of $22.66 and a 1-year high of $35.49. The firm has a market cap of $780.23 million, a price-to-earnings ratio of 23.80 and a beta of 1.85. The company has a fifty day simple moving average of $26.44 and a two-hundred day simple moving average of $30.22.
Golden Entertainment (NASDAQ:GDEN - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $160.84 million during the quarter, compared to analyst estimates of $164.37 million. Golden Entertainment had a net margin of 5.23% and a return on equity of 0.69%. Research analysts predict that Golden Entertainment, Inc. will post 0.2 earnings per share for the current year.
Golden Entertainment Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Wednesday, June 25th. Golden Entertainment's dividend payout ratio (DPR) is presently 256.41%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on GDEN shares. StockNews.com raised Golden Entertainment from a "hold" rating to a "buy" rating in a report on Monday. JMP Securities decreased their target price on Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating for the company in a research note on Thursday, April 17th. Finally, Macquarie reaffirmed an "outperform" rating and set a $40.00 target price on shares of Golden Entertainment in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $37.00.
Check Out Our Latest Research Report on GDEN
Golden Entertainment Profile
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Free Report)
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.
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