Millennium Management LLC increased its stake in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 885.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 171,302 shares of the company's stock after purchasing an additional 153,927 shares during the quarter. Millennium Management LLC owned approximately 0.62% of Golden Entertainment worth $5,413,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of GDEN. Lazard Asset Management LLC raised its holdings in Golden Entertainment by 405.7% during the 4th quarter. Lazard Asset Management LLC now owns 1,871 shares of the company's stock valued at $59,000 after acquiring an additional 1,501 shares during the period. Deutsche Bank AG raised its holdings in Golden Entertainment by 57.0% during the 4th quarter. Deutsche Bank AG now owns 16,680 shares of the company's stock valued at $527,000 after acquiring an additional 6,054 shares during the period. Deprince Race & Zollo Inc. bought a new stake in Golden Entertainment during the 4th quarter valued at $17,704,000. Baird Financial Group Inc. raised its holdings in Golden Entertainment by 8.3% during the 4th quarter. Baird Financial Group Inc. now owns 107,820 shares of the company's stock valued at $3,407,000 after acquiring an additional 8,248 shares during the period. Finally, Northern Trust Corp raised its holdings in Golden Entertainment by 5.8% during the 4th quarter. Northern Trust Corp now owns 197,500 shares of the company's stock valued at $6,241,000 after acquiring an additional 10,903 shares during the period. Institutional investors own 70.73% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on GDEN shares. Macquarie reissued an "outperform" rating and set a $40.00 target price on shares of Golden Entertainment in a report on Friday, February 28th. Wall Street Zen raised shares of Golden Entertainment from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, JMP Securities lowered their target price on shares of Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating on the stock in a report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Golden Entertainment has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.
Get Our Latest Stock Analysis on GDEN
Golden Entertainment Price Performance
Shares of GDEN traded down $0.73 during mid-day trading on Monday, reaching $27.80. 139,489 shares of the stock traded hands, compared to its average volume of 224,865. The firm has a fifty day moving average price of $26.76 and a 200 day moving average price of $29.95. The company has a market cap of $734.89 million, a price-to-earnings ratio of 22.42 and a beta of 1.85. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. 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 released its quarterly earnings results on Thursday, May 8th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). The firm had revenue of $160.84 million for 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%. As a group, equities research analysts predict 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 given a $0.25 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $1.00 annualized dividend and a yield of 3.60%. Golden Entertainment's dividend payout ratio (DPR) is presently 256.41%.
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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