Peregrine Capital Management LLC Has $4.54 Million Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

Peregrine Capital Management LLC trimmed its position in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 5.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 172,110 shares of the company's stock after selling 9,470 shares during the period. Peregrine Capital Management LLC owned approximately 0.65% of Golden Entertainment worth $4,542,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of GDEN. Deprince Race & Zollo Inc. bought a new stake in Golden Entertainment in the 4th quarter valued at approximately $17,704,000. Millennium Management LLC raised its holdings in shares of Golden Entertainment by 885.9% in the fourth quarter. Millennium Management LLC now owns 171,302 shares of the company's stock valued at $5,413,000 after purchasing an additional 153,927 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Golden Entertainment by 61.8% in the fourth quarter. Russell Investments Group Ltd. now owns 190,033 shares of the company's stock valued at $6,005,000 after purchasing an additional 72,588 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Golden Entertainment by 37.6% in the fourth quarter. Bank of New York Mellon Corp now owns 241,658 shares of the company's stock worth $7,636,000 after purchasing an additional 66,061 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Golden Entertainment by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 1,490,019 shares of the company's stock worth $47,085,000 after purchasing an additional 57,285 shares during the last quarter. 70.73% of the stock is owned by institutional investors and hedge funds.

Golden Entertainment Stock Performance

Golden Entertainment stock traded up $0.35 during trading hours on Wednesday, hitting $30.70. The company had a trading volume of 194,431 shares, compared to its average volume of 214,193. Golden Entertainment, Inc. has a one year low of $22.66 and a one year high of $35.49. The firm has a market cap of $811.40 million, a PE ratio of 78.72 and a beta of 1.79. The firm has a 50-day moving average of $27.87 and a 200 day moving average of $29.24. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.95 and a quick ratio of 0.87.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last released 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 firm had revenue of $160.84 million during the quarter, compared to the consensus estimate of $164.37 million. On average, sell-side analysts expect that Golden Entertainment, Inc. will post 0.2 earnings per share for the current year.

Golden Entertainment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $1.00 annualized dividend and a dividend yield of 3.26%. Golden Entertainment's dividend payout ratio (DPR) is presently 256.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. JMP Securities lowered their price target on shares of Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating on the stock 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 report on Monday, May 12th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.

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.