UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.88 Million Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

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

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rhumbline Advisers increased its stake in shares of Golden Entertainment by 2.2% in the fourth quarter. Rhumbline Advisers now owns 52,291 shares of the company's stock valued at $1,652,000 after buying an additional 1,102 shares in the last quarter. New York State Common Retirement Fund increased its position in 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 valued at $12,158,000 after acquiring an additional 19,587 shares in the last quarter. Bank of New York Mellon Corp increased its position in Golden Entertainment by 37.6% in the 4th quarter. Bank of New York Mellon Corp now owns 241,658 shares of the company's stock valued at $7,636,000 after acquiring an additional 66,061 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Golden Entertainment in the fourth quarter worth about $608,000. Finally, Mutual of America Capital Management LLC lifted its position in shares of Golden Entertainment by 4.7% during the fourth quarter. Mutual of America Capital Management LLC now owns 252,882 shares of the company's stock worth $7,991,000 after purchasing an additional 11,259 shares in the last quarter. Institutional investors and hedge funds own 70.73% of the company's stock.

Golden Entertainment Trading Up 1.4%

GDEN traded up $0.37 during trading on Monday, reaching $27.45. 218,300 shares of the company's stock were exchanged, compared to its average volume of 222,638. The company's fifty day moving average price is $26.81 and its 200-day moving average price is $29.78. The firm has a market capitalization of $725.64 million, a PE ratio of 22.14 and a beta of 1.79. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. Golden Entertainment, Inc. has a fifty-two week low of $22.66 and a fifty-two week high of $35.49.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company 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%. As a group, equities analysts forecast that Golden Entertainment, Inc. will post 0.2 EPS for the current year.

Golden Entertainment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.64%. Golden Entertainment's dividend payout ratio is 256.41%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GDEN shares. Macquarie reissued an "outperform" rating and issued a $40.00 price target on shares of Golden Entertainment in a report on Friday, February 28th. JMP Securities decreased their price objective on Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating on the stock in a research report 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 research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $37.00.

Golden Entertainment 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.