Strs Ohio bought a new position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 11,300 shares of the company's stock, valued at approximately $298,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in GDEN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Golden Entertainment by 27.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,536 shares of the company's stock worth $1,881,000 after acquiring an additional 12,712 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Golden Entertainment by 10.7% during the 1st quarter. DAVENPORT & Co LLC now owns 1,431,300 shares of the company's stock worth $37,956,000 after acquiring an additional 138,137 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Golden Entertainment by 14.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 352,843 shares of the company's stock worth $9,312,000 after acquiring an additional 43,647 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of Golden Entertainment by 21.8% during the 1st quarter. GSA Capital Partners LLP now owns 29,482 shares of the company's stock worth $778,000 after acquiring an additional 5,273 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Golden Entertainment by 1,136.9% during the 1st quarter. GAMMA Investing LLC now owns 6,729 shares of the company's stock worth $178,000 after acquiring an additional 6,185 shares in the last quarter. Institutional investors and hedge funds own 70.73% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently commented on GDEN. Truist Financial lowered Golden Entertainment from a "buy" rating to a "hold" rating and decreased their price target for the stock from $36.00 to $34.00 in a research note on Wednesday, July 16th. Wells Fargo & Company decreased their price target on Golden Entertainment from $36.00 to $34.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Citigroup reissued an "outperform" rating on shares of Golden Entertainment in a research note on Tuesday, September 16th. Macquarie decreased their price target on Golden Entertainment from $38.00 to $37.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Finally, JMP Securities decreased their price target on Golden Entertainment from $35.00 to $34.00 and set a "market outperform" rating on the stock in a research note on Tuesday, September 16th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Golden Entertainment currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.20.
Read Our Latest Report on GDEN
Golden Entertainment Trading Down 1.6%
GDEN stock opened at $23.89 on Wednesday. The company has a market cap of $624.96 million, a price-to-earnings ratio of 44.24 and a beta of 1.65. The company has a quick ratio of 1.03, a current ratio of 1.12 and a debt-to-equity ratio of 0.95. The business has a fifty day simple moving average of $25.98 and a 200-day simple moving average of $27.09. Golden Entertainment, Inc. has a 52 week low of $22.66 and a 52 week high of $35.49.
Golden Entertainment (NASDAQ:GDEN - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The business had revenue of $163.62 million during the quarter, compared to the consensus estimate of $169.70 million. Golden Entertainment had a return on equity of 3.23% and a net margin of 2.35%. On average, equities research analysts expect that Golden Entertainment, Inc. will post 0.2 EPS for the current year.
Golden Entertainment Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Thursday, September 25th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Thursday, September 25th. Golden Entertainment's dividend payout ratio is presently 185.19%.
Golden Entertainment Profile
(
Free Report)
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.
Further Reading
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