Russell Investments Group Ltd. Purchases 95,646 Shares of Golden Entertainment, Inc. $GDEN

Key Points

• Russell Investments Group Ltd. has increased its stock position in Golden Entertainment by 50.3%, owning a total of 285,679 shares valued at approximately $7.54 million.
• Golden Entertainment recently declared a quarterly dividend of $0.25 per share, resulting in an annualized dividend yield of 4.0%.
• Consensus rating for Golden Entertainment is a "Moderate Buy" with a price target of $35.33, reflecting optimistic forecasts from various brokerages.

Russell Investments Group Ltd. increased its position in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 50.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 285,679 shares of the company's stock after acquiring an additional 95,646 shares during the quarter. Russell Investments Group Ltd. owned about 1.08% of Golden Entertainment worth $7,539,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. SummerHaven Investment Management LLC boosted its position in shares of Golden Entertainment by 1.7% in the first quarter. SummerHaven Investment Management LLC now owns 26,706 shares of the company's stock valued at $705,000 after acquiring an additional 439 shares during the period. Invesco Ltd. boosted its position in shares of Golden Entertainment by 0.4% in the first quarter. Invesco Ltd. now owns 109,805 shares of the company's stock valued at $2,898,000 after acquiring an additional 479 shares during the period. Two Sigma Securities LLC boosted its position in shares of Golden Entertainment by 10.9% in the fourth quarter. Two Sigma Securities LLC now owns 7,219 shares of the company's stock valued at $228,000 after acquiring an additional 709 shares during the period. Victory Capital Management Inc. boosted its position in shares of Golden Entertainment by 2.9% in the first quarter. Victory Capital Management Inc. now owns 30,600 shares of the company's stock valued at $808,000 after acquiring an additional 849 shares during the period. Finally, Vident Advisory LLC boosted its position in shares of Golden Entertainment by 6.8% in the fourth quarter. Vident Advisory LLC now owns 15,397 shares of the company's stock valued at $487,000 after acquiring an additional 985 shares during the period. 70.73% of the stock is currently owned by institutional investors.

Golden Entertainment Price Performance

Shares of GDEN stock traded up $0.23 during trading hours on Monday, hitting $25.53. 129,539 shares of the company's stock were exchanged, compared to its average volume of 226,503. The company has a market capitalization of $667.86 million, a PE ratio of 47.28 and a beta of 1.83. Golden Entertainment, Inc. has a 12-month low of $22.66 and a 12-month high of $35.49. The business's 50 day simple moving average is $28.37 and its 200-day simple moving average is $28.14. The company has a current ratio of 1.12, a quick ratio of 1.03 and a debt-to-equity ratio of 0.95.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. The firm had revenue of $163.62 million for the quarter, compared to the consensus estimate of $169.70 million. Golden Entertainment had a net margin of 2.35% and a return on equity of 3.23%. On average, equities research analysts anticipate that Golden Entertainment, Inc. will post 0.2 earnings per share for the current year.

Golden Entertainment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Thursday, September 25th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.00 annualized dividend and a dividend yield of 3.9%. Golden Entertainment's dividend payout ratio (DPR) is 185.19%.

Wall Street Analysts Forecast Growth

GDEN has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Golden Entertainment from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Macquarie lowered their target price on shares of Golden Entertainment from $38.00 to $37.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Truist Financial downgraded shares of Golden Entertainment from a "buy" rating to a "hold" rating and lowered their target price for the company from $36.00 to $34.00 in a research note on Wednesday, July 16th. Wells Fargo & Company lowered their target price on shares of Golden Entertainment from $36.00 to $34.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Finally, JMP Securities lowered their target price on shares of Golden Entertainment from $36.00 to $35.00 and set a "market outperform" rating on the stock in a research note on Friday, July 18th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $35.33.

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.