Northern Trust Corp Boosts Stock Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

Northern Trust Corp grew its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 197,500 shares of the company's stock after purchasing an additional 10,903 shares during the quarter. Northern Trust Corp owned approximately 0.72% of Golden Entertainment worth $6,241,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GDEN. DAVENPORT & Co LLC increased its holdings in shares of Golden Entertainment by 26.6% in the 4th 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 period. Russell Investments Group Ltd. raised its holdings in Golden Entertainment by 61.8% in the fourth quarter. Russell Investments Group Ltd. now owns 190,033 shares of the company's stock worth $6,005,000 after purchasing an additional 72,588 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Golden Entertainment by 37.6% in the 4th quarter. Bank of New York Mellon Corp now owns 241,658 shares of the company's stock valued at $7,636,000 after buying an additional 66,061 shares in the last quarter. Vanguard Group Inc. boosted its holdings 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 in the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of Golden Entertainment by 603.6% in the 4th quarter. Teacher Retirement System of Texas now owns 50,077 shares of the company's stock worth $1,582,000 after buying an additional 42,960 shares during the last quarter. Institutional investors own 70.73% of the company's stock.

Analyst Ratings Changes

GDEN has been the subject of several recent analyst reports. JMP Securities lowered 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 research note on Thursday, April 17th. Macquarie restated an "outperform" rating and set a $40.00 price target on shares of Golden Entertainment in a research note on Friday, February 28th. Finally, Wall Street Zen upgraded shares of Golden Entertainment from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Golden Entertainment presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.

Golden Entertainment Stock Performance

NASDAQ GDEN traded down $0.01 during trading hours on Friday, reaching $28.10. The stock had a trading volume of 139,315 shares, compared to its average volume of 231,357. Golden Entertainment, Inc. has a 52-week low of $22.66 and a 52-week high of $35.49. The stock has a fifty day moving average of $26.69 and a 200 day moving average of $30.15. 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 $742.82 million, a P/E ratio of 22.66 and a beta of 1.85.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). Golden Entertainment had a return on equity of 0.69% and a net margin of 5.23%. The business had revenue of $160.84 million during the quarter, compared to analyst estimates of $164.37 million. Sell-side 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 disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $1.00 annualized dividend and a dividend yield of 3.56%. Golden Entertainment's dividend payout ratio (DPR) is presently 256.41%.

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.