Systematic Financial Management LP Grows Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

Systematic Financial Management LP grew its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 363,625 shares of the company's stock after buying an additional 11,398 shares during the quarter. Systematic Financial Management LP owned 1.33% of Golden Entertainment worth $11,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of GDEN. Deprince Race & Zollo Inc. bought a new position in shares of Golden Entertainment in the fourth quarter worth approximately $17,704,000. DAVENPORT & Co LLC lifted its position in Golden Entertainment by 26.6% in 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 during the last quarter. Millennium Management LLC grew its stake in shares of Golden Entertainment by 885.9% during the fourth quarter. Millennium Management LLC now owns 171,302 shares of the company's stock valued at $5,413,000 after buying an additional 153,927 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Golden Entertainment by 61.8% during the 4th quarter. Russell Investments Group Ltd. now owns 190,033 shares of the company's stock valued at $6,005,000 after buying an additional 72,588 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Golden Entertainment by 37.6% in the fourth quarter. Bank of New York Mellon Corp now owns 241,658 shares of the company's stock valued at $7,636,000 after acquiring an additional 66,061 shares in the last quarter. 70.73% of the stock is currently owned by hedge funds and other institutional investors.

Golden Entertainment Price Performance

Shares of NASDAQ:GDEN traded down $0.12 during trading on Friday, reaching $27.99. The stock had a trading volume of 27,114 shares, compared to its average volume of 232,186. The business has a fifty day moving average price of $26.67 and a 200-day moving average price of $30.17. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. The stock has a market cap of $739.92 million, a PE ratio of 22.55 and a beta of 1.85. Golden Entertainment, Inc. has a 1-year low of $22.66 and a 1-year 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 earnings per share (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 analysts' expectations of $164.37 million. Golden Entertainment had a net margin of 5.23% and a return on equity of 0.69%. On average, equities analysts forecast that Golden Entertainment, Inc. will post 0.2 earnings per share for the current fiscal year.

Golden Entertainment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Wednesday, June 25th. Golden Entertainment's dividend payout ratio (DPR) is presently 256.41%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GDEN. Macquarie reiterated an "outperform" rating and issued a $40.00 target price on shares of Golden Entertainment in a research note on Friday, February 28th. Wall Street Zen upgraded Golden Entertainment from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, JMP Securities cut their target price 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 equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $37.00.

About Golden Entertainment

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.