Ameriprise Financial Inc. Sells 14,564 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

Ameriprise Financial Inc. reduced its stake in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,196 shares of the company's stock after selling 14,564 shares during the quarter. Ameriprise Financial Inc. owned 0.39% of Golden Entertainment worth $3,388,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. raised its stake in Golden Entertainment by 86.0% during the 4th 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 last quarter. Two Sigma Securities LLC increased its holdings in Golden Entertainment by 10.9% in the 4th quarter. Two Sigma Securities LLC now owns 7,219 shares of the company's stock valued at $228,000 after buying an additional 709 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Golden Entertainment by 16.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,678 shares of the company's stock valued at $243,000 after buying an additional 1,085 shares during the period. Trexquant Investment LP bought a new stake in Golden Entertainment in the 4th quarter valued at $256,000. Finally, Intech Investment Management LLC bought a new stake in Golden Entertainment in the 4th quarter valued at $288,000. 70.73% of the stock is currently owned by institutional investors and hedge funds.

Golden Entertainment Price Performance

Shares of GDEN traded up $0.01 during trading hours on Friday, hitting $28.64. The stock had a trading volume of 214,473 shares, compared to its average volume of 225,219. The company's fifty day moving average is $26.75 and its two-hundred day moving average is $29.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03. Golden Entertainment, Inc. has a 52 week low of $22.66 and a 52 week high of $35.49. The stock has a market capitalization of $757.10 million, a price-to-earnings ratio of 23.10 and a beta of 1.85.

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

Golden Entertainment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Wednesday, June 25th. Golden Entertainment's payout ratio is 256.41%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Macquarie reissued an "outperform" rating and issued a $40.00 price target on shares of Golden Entertainment in a report on Friday, February 28th. Wall Street Zen raised shares of Golden Entertainment from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, JMP Securities lowered their price target on shares of Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating on the stock in a report on Thursday, April 17th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $37.00.

About Golden Entertainment

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.