Credit Industriel ET Commercial Makes New $1.26 Million Investment in Golden Entertainment, Inc. $GDEN

Key Points

• Credit Industriel ET Commercial bought 46,280 shares of Golden Entertainment (NASDAQ:GDEN) in Q4, a new position valued at about $1.26 million and representing roughly 0.18% of the company.
• Golden Entertainment missed quarterly expectations—EPS $(0.01) vs. $0.11 expected and revenue $155.6M vs. $166.6M—and recently paid a special dividend of $2.75 per share, while showing a negative P/E of -114.2.
• About 70.7% of GDEN is held by institutional investors, and the analyst consensus is a "Hold" with an average target price of $32.75 (one Buy, five Hold, one Sell).

Credit Industriel ET Commercial bought a new position in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 46,280 shares of the company's stock, valued at approximately $1,258,000. Credit Industriel ET Commercial owned approximately 0.18% of Golden Entertainment at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Gamco Investors INC. ET AL lifted its stake in Golden Entertainment by 3.8% in the 3rd quarter. Gamco Investors INC. ET AL now owns 901,138 shares of the company's stock worth $21,249,000 after purchasing an additional 32,992 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Golden Entertainment by 1.3% in the 3rd quarter. New York State Common Retirement Fund now owns 431,177 shares of the company's stock worth $10,167,000 after purchasing an additional 5,612 shares in the last quarter. Bernzott Capital Advisors lifted its stake in Golden Entertainment by 55.2% in the 3rd quarter. Bernzott Capital Advisors now owns 336,288 shares of the company's stock worth $7,930,000 after purchasing an additional 119,606 shares in the last quarter. Two Sigma Investments LP lifted its stake in Golden Entertainment by 80.7% in the 3rd quarter. Two Sigma Investments LP now owns 190,545 shares of the company's stock worth $4,493,000 after purchasing an additional 85,071 shares in the last quarter. Finally, Gabelli Funds LLC lifted its stake in Golden Entertainment by 8.3% in the 3rd quarter. Gabelli Funds LLC now owns 190,200 shares of the company's stock worth $4,485,000 after purchasing an additional 14,600 shares in the last quarter. 70.73% of the stock is currently owned by hedge funds and other institutional investors.

Golden Entertainment Stock Performance

Golden Entertainment stock opened at $28.55 on Wednesday. The firm's fifty day moving average price is $27.87 and its 200-day moving average price is $27.36. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.07 and a current ratio of 1.17. The stock has a market cap of $753.69 million, a P/E ratio of -114.20 and a beta of 1.40. Golden Entertainment, Inc. has a fifty-two week low of $19.57 and a fifty-two week high of $32.74.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last posted its quarterly earnings data on Friday, February 27th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.12). The company had revenue of $155.63 million for the quarter, compared to analysts' expectations of $166.61 million. Golden Entertainment had a negative net margin of 0.95% and a positive return on equity of 0.51%.

Golden Entertainment Announces Dividend

The business also recently disclosed a special dividend, which was paid on Friday, May 1st. Stockholders of record on Thursday, April 30th were given a dividend of $2.75 per share. Golden Entertainment's dividend payout ratio (DPR) is currently -400.00%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GDEN shares. Wall Street Zen upgraded shares of Golden Entertainment to a "hold" rating in a research note on Saturday. Weiss Ratings cut shares of Golden Entertainment from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, March 2nd. Finally, Citigroup reiterated a "market perform" rating on shares of Golden Entertainment in a research note on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $32.75.

Golden Entertainment Profile

Golden Entertainment, Inc is a diversified gaming and hospitality company that operates in the casino, tavern-casino and slot route markets. The company's core activities encompass the ownership and management of full-service resort casinos, a portfolio of branded neighborhood tavern-casinos and a large slot distribution network. Headquartered in Summerlin, Nevada, Golden Entertainment serves leisure and local gaming customers across multiple Western U.S. markets.

In its casino and tavern-casino segment, Golden Entertainment owns and operates properties such as Bronco Billy's Casino & Hotel in Cripple Creek, Colorado, along with a collection of PT's branded venues throughout Southern Nevada.

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