DAVENPORT & Co LLC lifted its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 10.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,431,300 shares of the company's stock after buying an additional 138,137 shares during the quarter. DAVENPORT & Co LLC owned about 5.41% of Golden Entertainment worth $37,956,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Lazard Asset Management LLC lifted its stake in Golden Entertainment by 405.7% in the 4th quarter. Lazard Asset Management LLC now owns 1,871 shares of the company's stock worth $59,000 after purchasing an additional 1,501 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Golden Entertainment by 86.0% in the fourth quarter. Meeder Asset Management Inc. now owns 2,474 shares of the company's stock worth $78,000 after purchasing an additional 1,144 shares during the period. Inscription Capital LLC purchased a new stake in shares of Golden Entertainment in the first quarter worth $165,000. GAMMA Investing LLC boosted its stake in Golden Entertainment by 1,136.9% during the first quarter. GAMMA Investing LLC now owns 6,729 shares of the company's stock valued at $178,000 after buying an additional 6,185 shares during the period. Finally, Two Sigma Securities LLC boosted its stake in Golden Entertainment by 10.9% during the fourth quarter. Two Sigma Securities LLC now owns 7,219 shares of the company's stock valued at $228,000 after buying an additional 709 shares during the period. 70.73% of the stock is owned by institutional investors.
Golden Entertainment Trading Up 1.2%
Shares of Golden Entertainment stock traded up $0.35 during trading on Wednesday, reaching $30.70. The company's stock had a trading volume of 194,431 shares, compared to its average volume of 214,193. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.86. Golden Entertainment, Inc. has a 52-week low of $22.66 and a 52-week high of $35.49. The firm's 50-day moving average is $27.87 and its two-hundred day moving average is $29.24. The company has a market cap of $811.40 million, a price-to-earnings ratio of 78.72 and a beta of 1.79.
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 the consensus estimate of $0.10 by ($0.01). Golden Entertainment had a net margin of 1.72% and a return on equity of 3.10%. The business had revenue of $160.84 million for the quarter, compared to analysts' expectations of $164.37 million. On average, sell-side analysts anticipate that Golden Entertainment, Inc. will post 0.2 earnings per share for the current year.
Golden Entertainment Dividend Announcement
The business also recently announced 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 yield of 3.26%. The ex-dividend date is Wednesday, June 25th. Golden Entertainment's dividend payout ratio is presently 256.41%.
Analysts Set New Price Targets
GDEN has been the subject of a number of research reports. JMP Securities cut 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 research note on Thursday, April 17th. Wall Street Zen upgraded shares of Golden Entertainment from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $37.00.
View Our Latest Stock Report on GDEN
About Golden Entertainment
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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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