Trexquant Investment LP lifted its stake in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 419.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,198 shares of the company's stock after buying an additional 34,081 shares during the quarter. Trexquant Investment LP owned approximately 0.16% of Golden Entertainment worth $1,114,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC boosted its stake in shares of Golden Entertainment by 405.7% in the fourth quarter. Lazard Asset Management LLC now owns 1,871 shares of the company's stock worth $59,000 after buying an additional 1,501 shares during the last quarter. Inscription Capital LLC purchased a new stake in shares of Golden Entertainment in the first quarter worth about $165,000. GAMMA Investing LLC boosted its stake in shares of Golden Entertainment by 1,136.9% in the first quarter. GAMMA Investing LLC now owns 6,729 shares of the company's stock worth $178,000 after buying an additional 6,185 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Golden Entertainment by 29.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,654 shares of the company's stock worth $202,000 after buying an additional 1,750 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Golden Entertainment in the first quarter worth about $222,000. Hedge funds and other institutional investors own 70.73% of the company's stock.
Golden Entertainment Price Performance
Shares of Golden Entertainment stock traded down $0.41 during mid-day trading on Friday, reaching $24.40. 113,674 shares of the stock traded hands, compared to its average volume of 162,822. The business has a 50-day moving average of $26.99 and a 200 day moving average of $27.40. Golden Entertainment, Inc. has a fifty-two week low of $22.66 and a fifty-two week high of $35.49. The stock has a market capitalization of $638.30 million, a PE ratio of 45.19 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.
Golden Entertainment (NASDAQ:GDEN - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. Golden Entertainment had a return on equity of 3.23% and a net margin of 2.35%.The business had revenue of $163.62 million during the quarter, compared to analysts' expectations of $169.70 million. On average, analysts predict that Golden Entertainment, Inc. will post 0.2 EPS for the current year.
Golden Entertainment Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Thursday, September 25th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.1%. Golden Entertainment's dividend payout ratio is presently 185.19%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on GDEN. Citigroup restated an "outperform" rating on shares of Golden Entertainment in a research note on Friday, July 18th. Wells Fargo & Company lowered their price target on Golden Entertainment from $36.00 to $34.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. Truist Financial downgraded Golden Entertainment from a "buy" rating to a "hold" rating and lowered their price target for the stock from $36.00 to $34.00 in a research report on Wednesday, July 16th. JMP Securities lowered their price target on Golden Entertainment from $36.00 to $35.00 and set a "market outperform" rating on the stock in a research report on Friday, July 18th. Finally, Macquarie lowered their price target on Golden Entertainment from $38.00 to $37.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.33.
Check Out Our Latest Stock Analysis on GDEN
Golden Entertainment Company 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.
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