D. E. Shaw & Co. Inc. Sells 41,816 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

D. E. Shaw & Co. Inc. lowered its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 33.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 82,831 shares of the company's stock after selling 41,816 shares during the period. D. E. Shaw & Co. Inc. owned about 0.30% of Golden Entertainment worth $2,617,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GDEN. Meeder Asset Management Inc. increased its position 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 worth $78,000 after buying an additional 1,144 shares during the period. Two Sigma Securities LLC increased its position 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 worth $228,000 after buying an additional 709 shares during the period. Price T Rowe Associates Inc. MD increased its position 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 worth $243,000 after buying an additional 1,085 shares during the period. Trexquant Investment LP acquired a new stake in shares of Golden Entertainment during the fourth quarter worth $256,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Golden Entertainment during the fourth quarter worth $288,000. Institutional investors own 70.73% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GDEN. StockNews.com upgraded shares of Golden Entertainment from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Macquarie reiterated an "outperform" rating and set a $40.00 price objective on shares of Golden Entertainment in a research report on Friday, February 28th. Finally, JMP Securities reduced their price target 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. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $37.00.

Golden Entertainment Trading Down 2.7%

NASDAQ:GDEN opened at $28.63 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $756.83 million, a price-to-earnings ratio of 23.09 and a beta of 1.85. The firm has a fifty day simple moving average of $26.56 and a two-hundred day simple moving average of $30.20. Golden Entertainment, Inc. has a 12 month low of $22.66 and a 12 month high of $35.49.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.09 EPS 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 return on equity of 0.69% and a net margin of 5.23%. Analysts expect that Golden Entertainment, Inc. will post 0.2 EPS for the current fiscal year.

Golden Entertainment Announces Dividend

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

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.

Want to see what other hedge funds are holding GDEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.