Squarepoint Ops LLC Decreases Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

Squarepoint Ops LLC decreased its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 28.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,378 shares of the company's stock after selling 10,259 shares during the quarter. Squarepoint Ops LLC owned 0.10% of Golden Entertainment worth $834,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Lazard Asset Management LLC grew its stake in Golden Entertainment by 405.7% during the 4th quarter. Lazard Asset Management LLC now owns 1,871 shares of the company's stock worth $59,000 after purchasing an additional 1,501 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Golden Entertainment by 86.0% in the 4th quarter. Meeder Asset Management Inc. now owns 2,474 shares of the company's stock valued at $78,000 after buying an additional 1,144 shares during the period. Two Sigma Securities LLC grew its position in shares of Golden Entertainment by 10.9% during the fourth quarter. Two Sigma Securities LLC now owns 7,219 shares of the company's stock worth $228,000 after buying an additional 709 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Golden Entertainment by 16.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,678 shares of the company's stock worth $243,000 after buying an additional 1,085 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of Golden Entertainment during the fourth quarter worth approximately $256,000. Institutional investors and hedge funds own 70.73% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GDEN. Macquarie reiterated an "outperform" rating and issued a $40.00 price target on shares of Golden Entertainment in a research note on Friday, February 28th. Wall Street Zen upgraded shares of Golden Entertainment from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, JMP Securities decreased their price objective on shares of 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 investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $37.00.

Golden Entertainment Stock Up 2.1%

GDEN traded up $0.58 on Tuesday, reaching $28.38. The company's stock had a trading volume of 204,381 shares, compared to its average volume of 224,795. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. The stock has a 50 day moving average of $26.76 and a two-hundred day moving average of $29.95. The company has a market capitalization of $750.23 million, a price-to-earnings ratio of 22.89 and a beta of 1.85. Golden Entertainment, Inc. has a fifty-two week low of $22.66 and a fifty-two week high of $35.49.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.09 EPS 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 firm had revenue of $160.84 million for the quarter, compared to analyst estimates of $164.37 million. As a group, analysts forecast that Golden Entertainment, Inc. will post 0.2 EPS for the current fiscal year.

Golden Entertainment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, June 25th. This represents a $1.00 annualized dividend and a dividend yield of 3.52%. Golden Entertainment's dividend payout ratio (DPR) is 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.