D. E. Shaw & Co. Inc. lowered its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 33.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,831 shares of the company's stock after selling 41,816 shares during the period. D. E. Shaw & Co. Inc. owned 0.30% of Golden Entertainment worth $2,617,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in GDEN. Deprince Race & Zollo Inc. bought a new position in shares of Golden Entertainment during the fourth quarter worth approximately $17,704,000. DAVENPORT & Co LLC grew its position in Golden Entertainment by 26.6% during the fourth quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company's stock worth $40,864,000 after buying an additional 271,782 shares in the last quarter. Russell Investments Group Ltd. grew its position in Golden Entertainment by 61.8% during the fourth quarter. Russell Investments Group Ltd. now owns 190,033 shares of the company's stock worth $6,005,000 after buying an additional 72,588 shares in the last quarter. Bank of New York Mellon Corp grew its position in Golden Entertainment by 37.6% during the fourth quarter. Bank of New York Mellon Corp now owns 241,658 shares of the company's stock worth $7,636,000 after buying an additional 66,061 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Golden Entertainment by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 1,490,019 shares of the company's stock worth $47,085,000 after buying an additional 57,285 shares in the last quarter. Institutional investors own 70.73% of the company's stock.
Golden Entertainment Price Performance
Shares of GDEN stock traded down $0.01 during trading hours on Friday, reaching $28.10. The company's stock had a trading volume of 139,315 shares, compared to its average volume of 231,357. The firm's 50 day simple moving average is $26.69 and its 200-day simple moving average is $30.15. The company has a market capitalization of $742.82 million, a price-to-earnings ratio of 22.66 and a beta of 1.85. Golden Entertainment, Inc. has a fifty-two week low of $22.66 and a fifty-two week high of $35.49. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75.
Golden Entertainment (NASDAQ:GDEN - Get Free Report) last issued its 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). Golden Entertainment had a net margin of 5.23% and a return on equity of 0.69%. The business had revenue of $160.84 million during the quarter, compared to analyst estimates of $164.37 million. Sell-side analysts forecast that Golden Entertainment, Inc. will post 0.2 earnings per share for the current year.
Golden Entertainment Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Wednesday, June 25th. Golden Entertainment's dividend payout ratio (DPR) is 256.41%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on GDEN shares. JMP Securities reduced their price target on Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating on the stock in a research report on Thursday, April 17th. Macquarie reissued an "outperform" rating and set a $40.00 price target on shares of Golden Entertainment in a research report on Friday, February 28th. Finally, Wall Street Zen raised Golden Entertainment from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.
View Our Latest Analysis on GDEN
About Golden Entertainment
(
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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