Charles Schwab Investment Management Inc. Has $9.31 Million Stake in Golden Entertainment, Inc. $GDEN

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Golden Entertainment, Inc. by 14.1% in the first quarter, now owning roughly 1.33% of the company worth approximately $9.31 million.
• Golden Entertainment recently declared a quarterly dividend of $0.25 per share, translating to an annualized dividend of $1.00 and a dividend yield of 3.9%.
• The company's last quarterly earnings report showed an EPS of $0.17, surpassing analyst expectations of $0.14, even though revenue fell short at $163.62 million compared to an estimated $169.70 million.

Charles Schwab Investment Management Inc. boosted its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 14.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 352,843 shares of the company's stock after buying an additional 43,647 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.33% of Golden Entertainment worth $9,312,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its holdings in shares of Golden Entertainment by 405.7% in the fourth quarter. Lazard Asset Management LLC now owns 1,871 shares of the company's stock worth $59,000 after buying an additional 1,501 shares in the last quarter. Inscription Capital LLC bought a new position in Golden Entertainment during the 1st quarter worth about $165,000. GAMMA Investing LLC boosted its holdings in shares of Golden Entertainment by 1,136.9% in the 1st quarter. GAMMA Investing LLC now owns 6,729 shares of the company's stock valued at $178,000 after buying an additional 6,185 shares in the last quarter. Two Sigma Securities LLC raised its position in shares of 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 purchasing an additional 709 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Golden Entertainment by 29.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,654 shares of the company's stock worth $202,000 after buying an additional 1,750 shares during the last quarter. Hedge funds and other institutional investors own 70.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GDEN shares. JMP Securities lowered their target price on shares of Golden Entertainment from $36.00 to $35.00 and set a "market outperform" rating on the stock in a research note on Friday, July 18th. Citigroup reiterated an "outperform" rating on shares of Golden Entertainment in a research note on Friday, July 18th. Truist Financial cut Golden Entertainment from a "buy" rating to a "hold" rating and cut their price objective for the stock from $36.00 to $34.00 in a research report on Wednesday, July 16th. Wells Fargo & Company decreased their price objective on Golden Entertainment from $36.00 to $34.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Finally, Wall Street Zen raised Golden Entertainment from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $35.33.

Golden Entertainment Stock Down 1.5%

Shares of GDEN traded down $0.38 during trading hours on Friday, hitting $24.87. 115,700 shares of the company were exchanged, compared to its average volume of 225,546. The company has a market cap of $650.60 million, a PE ratio of 46.06 and a beta of 1.83. The firm's 50 day moving average is $28.08 and its 200-day moving average is $27.99. Golden Entertainment, Inc. has a 52 week low of $22.66 and a 52 week high of $35.49. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.03 and a current ratio of 1.12.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. Golden Entertainment had a return on equity of 3.23% and a net margin of 2.35%.The business had revenue of $163.62 million during the quarter, compared to analysts' expectations of $169.70 million. On average, equities research analysts forecast that Golden Entertainment, Inc. will post 0.2 EPS for the current fiscal year.

Golden Entertainment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Thursday, September 25th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, September 25th. Golden Entertainment's dividend payout ratio (DPR) is presently 185.19%.

Golden Entertainment Company 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.