Squarepoint Ops LLC Sells 10,259 Shares of 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 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,378 shares of the company's stock after selling 10,259 shares during the quarter. Squarepoint Ops LLC owned about 0.10% of Golden Entertainment worth $834,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew 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 acquiring an additional 57,285 shares during the period. DAVENPORT & Co LLC lifted its position in Golden Entertainment by 26.6% during the fourth quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company's stock worth $40,864,000 after buying an additional 271,782 shares during the period. Sequoia Financial Advisors LLC lifted its position in Golden Entertainment by 4.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 673,667 shares of the company's stock worth $21,288,000 after buying an additional 27,508 shares during the period. Deprince Race & Zollo Inc. purchased a new position in shares of Golden Entertainment in the 4th quarter worth about $17,704,000. Finally, New York State Common Retirement Fund raised its holdings in shares of Golden Entertainment by 5.4% in the 4th quarter. New York State Common Retirement Fund now owns 384,739 shares of the company's stock worth $12,158,000 after purchasing an additional 19,587 shares during the period. Hedge funds and other institutional investors own 70.73% of the company's stock.

Golden Entertainment Price Performance

NASDAQ GDEN traded down $0.39 during trading hours on Thursday, reaching $26.79. 323,049 shares of the company's stock were exchanged, compared to its average volume of 223,285. The stock has a market cap of $708.19 million, a PE ratio of 21.60 and a beta of 1.85. Golden Entertainment, Inc. has a one year low of $22.66 and a one year high of $35.49. The firm has a fifty day moving average of $26.80 and a 200-day moving average of $29.87. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $160.84 million for the quarter, compared to analyst estimates of $164.37 million. Golden Entertainment had a return on equity of 0.69% and a net margin of 5.23%. On average, equities research analysts predict that Golden Entertainment, Inc. will post 0.2 earnings per share for the current fiscal year.

Golden Entertainment Announces Dividend

The business 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. This represents a $1.00 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Wednesday, June 25th. Golden Entertainment's dividend payout ratio (DPR) is currently 256.41%.

Analysts Set New Price Targets

A number of brokerages have weighed in on GDEN. Macquarie restated an "outperform" rating and set a $40.00 price objective on shares of Golden Entertainment in a research note on Friday, February 28th. JMP Securities cut their price target on Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating on the stock in a report on Thursday, April 17th. Finally, Wall Street Zen upgraded Golden Entertainment from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Golden Entertainment has an average rating of "Moderate Buy" and an average price target of $37.00.

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.