Union Square Park Capital Management LLC reduced its position in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,000 shares of the company's stock after selling 10,000 shares during the quarter. Golden Entertainment makes up about 3.1% of Union Square Park Capital Management LLC's investment portfolio, making the stock its 9th largest holding. Union Square Park Capital Management LLC owned approximately 0.55% of Golden Entertainment worth $4,740,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Lazard Asset Management LLC lifted its position in Golden Entertainment by 405.7% during the fourth quarter. Lazard Asset Management LLC now owns 1,871 shares of the company's stock valued at $59,000 after purchasing an additional 1,501 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Golden Entertainment by 86.0% during the fourth quarter. Meeder Asset Management Inc. now owns 2,474 shares of the company's stock valued at $78,000 after purchasing an additional 1,144 shares during the last quarter. Two Sigma Securities LLC lifted its position in Golden Entertainment by 10.9% during the fourth quarter. Two Sigma Securities LLC now owns 7,219 shares of the company's stock valued at $228,000 after purchasing an additional 709 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Golden Entertainment by 16.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,678 shares of the company's stock valued at $243,000 after purchasing an additional 1,085 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in Golden Entertainment during the fourth quarter valued at $256,000. 70.73% of the stock is currently owned by institutional investors.
Golden Entertainment Trading Down 2.7%
GDEN stock opened at $28.63 on Tuesday. The company has a market capitalization of $756.83 million, a PE ratio of 23.09 and a beta of 1.85. Golden Entertainment, Inc. has a 12 month low of $22.66 and a 12 month high of $35.49. The firm's 50-day moving average is $26.56 and its 200 day moving average is $30.20. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03.
Golden Entertainment (NASDAQ:GDEN - Get Free Report) last posted its quarterly 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 during the quarter, compared to analysts' expectations of $164.37 million. Golden Entertainment had a return on equity of 0.69% and a net margin of 5.23%. On average, research analysts anticipate that Golden Entertainment, Inc. will post 0.2 EPS for the current year.
Golden Entertainment Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Wednesday, June 25th. Golden Entertainment's payout ratio is 256.41%.
Analyst Ratings Changes
GDEN has been the topic of several recent analyst reports. JMP Securities reduced their target price on shares of Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating on the stock in a research note on Thursday, April 17th. StockNews.com raised shares of Golden Entertainment from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Macquarie reissued an "outperform" rating and issued a $40.00 target price on shares of Golden Entertainment in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Golden Entertainment currently has an average rating of "Moderate Buy" and an average target price of $37.00.
Get Our Latest Stock Report on Golden Entertainment
Golden Entertainment Company Profile
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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.
See Also
Want to see what other hedge funds are holding GDEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report).
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