Vanguard Group Inc. Lowers Holdings in Golden Entertainment, Inc. $GDEN

Key Points

• Vanguard Group Inc. reduced its stake in Golden Entertainment, Inc. by 3.2%, selling 47,700 shares, and now holds around 5.46% of the company, valued at approximately $38 million.
• Golden Entertainment's stock has shown volatility, currently trading at $25.08, down 1.8%, with a twelve-month range between $22.66 and $35.49.
• The company recently announced a $0.25 quarterly dividend to be paid on October 3rd, reflecting a 4.0% dividend yield and a high payout ratio of 185.19%.

Vanguard Group Inc. lessened its stake in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,442,319 shares of the company's stock after selling 47,700 shares during the quarter. Vanguard Group Inc. owned 5.46% of Golden Entertainment worth $38,063,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. XTX Topco Ltd acquired a new stake in shares of Golden Entertainment during the first quarter worth about $529,000. GSA Capital Partners LLP raised its holdings in Golden Entertainment by 21.8% in the first quarter. GSA Capital Partners LLP now owns 29,482 shares of the company's stock valued at $778,000 after acquiring an additional 5,273 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Golden Entertainment by 29.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,654 shares of the company's stock valued at $202,000 after acquiring an additional 1,750 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Golden Entertainment in the first quarter valued at approximately $222,000. Finally, Bernzott Capital Advisors raised its holdings in Golden Entertainment by 2.5% in the first quarter. Bernzott Capital Advisors now owns 223,170 shares of the company's stock valued at $5,889,000 after acquiring an additional 5,393 shares in the last quarter. Hedge funds and other institutional investors own 70.73% of the company's stock.

Golden Entertainment Stock Down 1.5%

GDEN stock traded down $0.38 during midday trading on Friday, reaching $24.87. 115,700 shares of the company were exchanged, compared to its average volume of 225,546. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.03 and a current ratio of 1.12. The company has a market cap of $650.55 million, a price-to-earnings ratio of 46.06 and a beta of 1.83. The stock's 50-day simple moving average is $28.08 and its 200 day simple moving average is $27.95. Golden Entertainment, Inc. has a 1-year low of $22.66 and a 1-year high of $35.49.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The business had revenue of $163.62 million for the quarter, compared to analyst estimates of $169.70 million. Golden Entertainment had a net margin of 2.35% and a return on equity of 3.23%. On average, equities analysts forecast that Golden Entertainment, Inc. will post 0.2 earnings per share for the current year.

Golden Entertainment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Thursday, September 25th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, September 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.0%. Golden Entertainment's dividend payout ratio (DPR) is 185.19%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GDEN shares. Truist Financial cut shares of Golden Entertainment from a "buy" rating to a "hold" rating and reduced their target price for the company from $36.00 to $34.00 in a report on Wednesday, July 16th. Macquarie reduced their target price on shares of Golden Entertainment from $38.00 to $37.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Wall Street Zen raised shares of Golden Entertainment from a "hold" rating to a "buy" rating in a report on Monday, May 12th. JMP Securities reduced their target price on shares of Golden Entertainment from $36.00 to $35.00 and set a "market outperform" rating on the stock in a report on Friday, July 18th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Golden Entertainment in a report on Friday, July 18th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Golden Entertainment has a consensus rating of "Moderate Buy" and an average target price of $35.33.

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.