Public Sector Pension Investment Board Has $1.72 Million Holdings in Golden Entertainment, Inc. $GDEN

Key Points

• The Public Sector Pension Investment Board increased its stake in Golden Entertainment, Inc. by 27.3%, holding approximately $1.7 million worth of shares.
• Golden Entertainment announced a quarterly dividend of $0.25 per share, representing a 4.1% dividend yield, with a high dividend payout ratio of 185.19%.
• Analysts have mixed ratings on GDEN, with a consensus rating of "Moderate Buy" and an average price target of $35.33.

Public Sector Pension Investment Board increased its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 27.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,272 shares of the company's stock after purchasing an additional 14,014 shares during the period. Public Sector Pension Investment Board owned approximately 0.25% of Golden Entertainment worth $1,723,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GDEN. SummerHaven Investment Management LLC lifted its holdings in shares of Golden Entertainment by 1.7% in the first quarter. SummerHaven Investment Management LLC now owns 26,706 shares of the company's stock valued at $705,000 after purchasing an additional 439 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Golden Entertainment by 0.4% in the first quarter. Invesco Ltd. now owns 109,805 shares of the company's stock valued at $2,898,000 after purchasing an additional 479 shares in the last quarter. Two Sigma Securities LLC lifted its holdings in shares of Golden Entertainment by 10.9% in the fourth 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 in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Golden Entertainment by 2.9% in the first quarter. Victory Capital Management Inc. now owns 30,600 shares of the company's stock valued at $808,000 after purchasing an additional 849 shares in the last quarter. Finally, Vident Advisory LLC lifted its holdings in shares of Golden Entertainment by 6.8% in the fourth quarter. Vident Advisory LLC now owns 15,397 shares of the company's stock valued at $487,000 after purchasing an additional 985 shares in the last quarter. Institutional investors own 70.73% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wells Fargo & Company cut their price target on Golden Entertainment from $36.00 to $34.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. JMP Securities cut their price target on Golden Entertainment from $36.00 to $35.00 and set a "market outperform" rating on the stock in a report on Friday, July 18th. Citigroup reissued an "outperform" rating on shares of Golden Entertainment in a research report on Friday, July 18th. Macquarie cut their price target on shares of Golden Entertainment from $38.00 to $37.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Finally, Wall Street Zen raised shares of Golden Entertainment from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $35.33.

Golden Entertainment Stock Performance

Shares of GDEN stock traded down $0.45 on Tuesday, reaching $25.08. The stock had a trading volume of 167,211 shares, compared to its average volume of 227,963. The company has a quick ratio of 1.03, a current ratio of 1.12 and a debt-to-equity ratio of 0.95. The firm's 50-day moving average is $28.31 and its two-hundred day moving average is $28.12. The firm has a market capitalization of $656.09 million, a price-to-earnings ratio of 46.45 and a beta of 1.83. 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 issued its earnings results on Thursday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. Golden Entertainment had a net margin of 2.35% and a return on equity of 3.23%. The company had revenue of $163.62 million for the quarter, compared to analysts' expectations of $169.70 million. On average, research analysts expect that Golden Entertainment, Inc. will post 0.2 EPS for the current fiscal year.

Golden Entertainment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Thursday, September 25th will be paid a $0.25 dividend. The ex-dividend date is Thursday, September 25th. This represents a $1.00 dividend on an annualized basis and a yield of 4.0%. Golden Entertainment's dividend payout ratio is 185.19%.

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.