New York State Common Retirement Fund Has $11.23 Million Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

New York State Common Retirement Fund boosted its stake in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 10.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 425,565 shares of the company's stock after purchasing an additional 40,826 shares during the quarter. New York State Common Retirement Fund owned about 1.61% of Golden Entertainment worth $11,231,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Golden Entertainment by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 1,490,019 shares of the company's stock worth $47,085,000 after buying an additional 57,285 shares in the last quarter. DAVENPORT & Co LLC raised its stake in shares of Golden Entertainment by 10.7% in the first quarter. DAVENPORT & Co LLC now owns 1,431,300 shares of the company's stock worth $37,956,000 after purchasing an additional 138,137 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new stake in shares of Golden Entertainment during the 4th quarter valued at about $17,704,000. Systematic Financial Management LP increased its stake in shares of Golden Entertainment by 3.2% in the fourth quarter. Systematic Financial Management LP now owns 363,625 shares of the company's stock worth $11,491,000 after purchasing an additional 11,398 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Golden Entertainment by 10.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 309,196 shares of the company's stock valued at $9,771,000 after buying an additional 30,487 shares in the last quarter. Institutional investors own 70.73% of the company's stock.

Golden Entertainment Trading Down 2.4%

GDEN traded down $0.70 during mid-day trading on Friday, reaching $28.54. The stock had a trading volume of 180,551 shares, compared to its average volume of 213,001. Golden Entertainment, Inc. has a 52 week low of $22.66 and a 52 week high of $35.49. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.95. The stock has a market capitalization of $754.31 million, a P/E ratio of 73.18 and a beta of 1.79. The firm's fifty day simple moving average is $29.10 and its two-hundred day simple moving average is $29.16.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last posted its quarterly earnings data 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). Golden Entertainment had a return on equity of 3.10% and a net margin of 1.72%. The firm had revenue of $160.84 million for the quarter, compared to analysts' expectations of $164.37 million. On average, equities analysts predict that Golden Entertainment, Inc. will post 0.2 EPS for the current year.

Golden Entertainment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were issued a $0.25 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $1.00 annualized dividend and a dividend yield of 3.50%. Golden Entertainment's payout ratio is currently 256.41%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JMP Securities set a $35.00 target price on Golden Entertainment and gave the company a "market outperform" rating in a report on Friday. Wall Street Zen raised shares of Golden Entertainment from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Truist Financial cut shares of Golden Entertainment from a "buy" rating to a "hold" rating and cut their price target for the company from $36.00 to $34.00 in a report on Wednesday. Finally, Citigroup reaffirmed an "outperform" rating on shares of Golden Entertainment in a report on Friday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $36.50.

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.