UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 12,712 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 27.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 59,536 shares of the company's stock after acquiring an additional 12,712 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.22% of Golden Entertainment worth $1,881,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in Golden Entertainment in the fourth quarter worth approximately $729,000. Sequoia Financial Advisors LLC boosted its holdings in Golden Entertainment by 4.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 673,667 shares of the company's stock worth $21,288,000 after acquiring an additional 27,508 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Golden Entertainment by 10.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 309,196 shares of the company's stock worth $9,771,000 after acquiring an additional 30,487 shares in the last quarter. III Capital Management boosted its holdings in Golden Entertainment by 26.9% in the fourth quarter. III Capital Management now owns 52,028 shares of the company's stock worth $1,644,000 after acquiring an additional 11,014 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in Golden Entertainment by 603.6% in the fourth quarter. Teacher Retirement System of Texas now owns 50,077 shares of the company's stock worth $1,582,000 after acquiring an additional 42,960 shares in the last quarter. Institutional investors own 70.73% of the company's stock.

Golden Entertainment Stock Performance

Shares of GDEN traded down $0.21 on Wednesday, reaching $27.75. 169,056 shares of the company's stock traded hands, compared to its average volume of 221,673. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. The stock has a market cap of $733.57 million, a PE ratio of 22.38 and a beta of 1.79. The stock's 50 day simple moving average is $26.93 and its two-hundred day simple moving average is $29.71. 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 issued its quarterly 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). The business had revenue of $160.84 million for the quarter, compared to analysts' expectations of $164.37 million. Golden Entertainment had a net margin of 5.23% and a return on equity of 0.69%. On average, analysts forecast that Golden Entertainment, Inc. will post 0.2 earnings per share for the current fiscal year.

Golden Entertainment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Wednesday, June 25th. Golden Entertainment's dividend payout ratio is currently 256.41%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Macquarie reiterated an "outperform" rating and issued a $40.00 price target on shares of Golden Entertainment in a report on Friday, February 28th. JMP Securities lowered their price objective on Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating for the company in a research note on Thursday, April 17th. Finally, Wall Street Zen raised Golden Entertainment from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Golden Entertainment currently has an average rating of "Moderate Buy" and an average target price of $37.00.

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.