Millennium Management LLC Boosts Stock Holdings in Golden Entertainment, Inc. (NASDAQ:GDEN)

Millennium Management LLC lifted its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 885.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,302 shares of the company's stock after acquiring 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 reporting period.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Golden Entertainment by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 1,490,019 shares of the company's stock valued at $47,085,000 after buying an additional 57,285 shares during the period. DAVENPORT & Co LLC boosted its holdings in Golden Entertainment by 26.6% in the fourth quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company's stock valued at $40,864,000 after acquiring an additional 271,782 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Golden Entertainment by 4.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 673,667 shares of the company's stock valued at $21,288,000 after acquiring an additional 27,508 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new stake in Golden Entertainment in the fourth quarter worth about $17,704,000. Finally, New York State Common Retirement Fund raised its holdings in Golden Entertainment by 5.4% during the 4th quarter. New York State Common Retirement Fund now owns 384,739 shares of the company's stock worth $12,158,000 after purchasing an additional 19,587 shares during the last quarter. 70.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on GDEN shares. Wall Street Zen raised Golden Entertainment from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Macquarie reissued an "outperform" rating and issued a $40.00 target price on shares of Golden Entertainment in a research note on Friday, February 28th. Finally, JMP Securities decreased their target price on Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating for the company in a research report on Thursday, April 17th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Golden Entertainment currently has a consensus rating of "Moderate Buy" and an average price target of $37.00.

Golden Entertainment Price Performance

Shares of NASDAQ GDEN traded up $0.01 during midday trading on Friday, reaching $28.64. 214,473 shares of the company were exchanged, compared to its average volume of 226,666. The stock's 50-day moving average price is $26.75 and its 200-day moving average price is $30.03. The stock has a market cap of $757.10 million, a P/E ratio of 23.10 and a beta of 1.85. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. Golden Entertainment, Inc. has a one year low of $22.66 and a one year high of $35.49.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $160.84 million during the quarter, compared to the consensus estimate of $164.37 million. Golden Entertainment had a return on equity of 0.69% and a net margin of 5.23%. On average, sell-side analysts anticipate that Golden Entertainment, Inc. will post 0.2 earnings per share for the current fiscal year.

Golden Entertainment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Wednesday, June 25th. Golden Entertainment's dividend payout ratio is 256.41%.

Golden Entertainment Company 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.