Trexquant Investment LP Raises Position in Golden Entertainment, Inc. $GDEN

Key Points

• Trexquant Investment LP increased its stake in Golden Entertainment, Inc. by 419.9% in Q1, acquiring an additional 34,081 shares.
• Golden Entertainment recently announced a quarterly dividend of $0.25 per share, representing a 4.0% yield and an annualized amount of $1.00.
• Research analysts have mixed ratings on the stock, with a current consensus rating of "Moderate Buy" and a price target around $35.33.

Trexquant Investment LP increased its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 419.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,198 shares of the company's stock after purchasing an additional 34,081 shares during the period. Trexquant Investment LP owned approximately 0.16% of Golden Entertainment worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GDEN. Dimensional Fund Advisors LP grew its position in Golden Entertainment by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 228,415 shares of the company's stock worth $7,217,000 after acquiring an additional 4,690 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Golden Entertainment by 16.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,678 shares of the company's stock worth $243,000 after purchasing an additional 1,085 shares during the last quarter. Northern Trust Corp raised its stake in shares of Golden Entertainment by 5.8% in the fourth quarter. Northern Trust Corp now owns 197,500 shares of the company's stock worth $6,241,000 after purchasing an additional 10,903 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of Golden Entertainment by 8.3% in the fourth quarter. Baird Financial Group Inc. now owns 107,820 shares of the company's stock valued at $3,407,000 after acquiring an additional 8,248 shares in the last quarter. Finally, Deutsche Bank AG increased its position in Golden Entertainment by 57.0% in the fourth quarter. Deutsche Bank AG now owns 16,680 shares of the company's stock worth $527,000 after buying an additional 6,054 shares during the last quarter. 70.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GDEN has been the subject of a number of research reports. JMP Securities cut their price objective on Golden Entertainment from $36.00 to $35.00 and set a "market outperform" rating for the company in a report on Friday, July 18th. Wells Fargo & Company lowered their price objective 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. Citigroup restated an "outperform" rating on shares of Golden Entertainment in a research note on Friday, July 18th. Wall Street Zen raised shares of Golden Entertainment from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Macquarie decreased their price objective on shares of Golden Entertainment from $38.00 to $37.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $35.33.

Golden Entertainment Stock Performance

Shares of GDEN stock traded down $0.30 during trading hours on Tuesday, reaching $24.30. The stock had a trading volume of 139,691 shares, compared to its average volume of 174,950. Golden Entertainment, Inc. has a twelve month low of $22.66 and a twelve month high of $35.49. The firm has a 50-day simple moving average of $27.36 and a 200-day simple moving average of $27.51. The firm has a market capitalization of $635.69 million, a PE ratio of 45.00 and a beta of 1.65. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.12 and a quick ratio of 1.03.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. The company had revenue of $163.62 million for 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%. As a group, equities analysts forecast that Golden Entertainment, Inc. will post 0.2 earnings per share for the current year.

Golden Entertainment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Thursday, September 25th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Thursday, September 25th. Golden Entertainment's dividend payout ratio is 185.19%.

Golden Entertainment Company Profile

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.