Deprince Race & Zollo Inc. Has $18.53 Million Stock Position in Golden Entertainment, Inc. $GDEN

Key Points

• Deprince Race & Zollo Inc. cut its stake in Golden Entertainment by 18.8% in Q4 to 681,469 shares worth $18.53 million, representing a 2.6% ownership stake.
• Golden Entertainment missed Q4 estimates, reporting EPS of ($0.01) versus $0.11 expected and revenue of $155.63 million versus $166.61 million, and the company shows a negative net margin and a negative PE.
• The company paid a quarterly dividend of $0.25 ($1.00 annualized) for a 3.6% yield, despite a reported dividend payout ratio of -400%.

Deprince Race & Zollo Inc. lowered its stake in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 18.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 681,469 shares of the company's stock after selling 158,025 shares during the period. Deprince Race & Zollo Inc. owned 2.60% of Golden Entertainment worth $18,529,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bernzott Capital Advisors raised its stake in shares of Golden Entertainment by 55.2% during the third quarter. Bernzott Capital Advisors now owns 336,288 shares of the company's stock valued at $7,930,000 after acquiring an additional 119,606 shares during the last quarter. Seven Six Capital Management LLC bought a new position in shares of Golden Entertainment during the third quarter valued at $1,794,000. Teton Advisors LLC bought a new position in shares of Golden Entertainment during the third quarter valued at $2,311,000. Union Square Park Capital Management LLC raised its stake in shares of Golden Entertainment by 18.0% during the third quarter. Union Square Park Capital Management LLC now owns 142,500 shares of the company's stock valued at $3,360,000 after acquiring an additional 21,700 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in shares of Golden Entertainment by 3.8% during the third quarter. Gamco Investors INC. ET AL now owns 901,138 shares of the company's stock valued at $21,249,000 after acquiring an additional 32,992 shares during the last quarter. Institutional investors and hedge funds own 70.73% of the company's stock.

Wall Street Analysts Forecast Growth

GDEN has been the subject of several analyst reports. Citigroup reaffirmed a "market perform" rating on shares of Golden Entertainment in a research note on Tuesday, March 10th. Weiss Ratings downgraded shares of Golden Entertainment from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, March 2nd. Finally, Zacks Research raised shares of Golden Entertainment from a "strong sell" rating to a "hold" rating in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Golden Entertainment has a consensus rating of "Hold" and an average target price of $32.75.

Golden Entertainment Price Performance

Shares of NASDAQ GDEN opened at $28.16 on Tuesday. Golden Entertainment, Inc. has a twelve month low of $19.57 and a twelve month high of $32.74. The firm has a fifty day simple moving average of $27.81 and a 200 day simple moving average of $26.79. The company has a market capitalization of $743.40 million, a PE ratio of -112.64 and a beta of 1.40. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 1.01.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last announced its earnings results on Friday, February 27th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.12). Golden Entertainment had a positive return on equity of 0.51% and a negative net margin of 0.95%.The firm had revenue of $155.63 million for the quarter, compared to the consensus estimate of $166.61 million. On average, sell-side analysts forecast 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 was paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, March 18th. Golden Entertainment's dividend payout ratio (DPR) is currently -400.00%.

About Golden Entertainment

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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