Wellington Management Group LLP Sells 12,414 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

Wellington Management Group LLP reduced its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 90,209 shares of the company's stock after selling 12,414 shares during the quarter. Wellington Management Group LLP owned about 0.34% of Golden Entertainment worth $2,851,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC boosted its stake in Golden Entertainment by 405.7% during the 4th 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 period. Meeder Asset Management Inc. lifted its holdings in shares of Golden Entertainment by 86.0% during the fourth quarter. Meeder Asset Management Inc. now owns 2,474 shares of the company's stock worth $78,000 after buying an additional 1,144 shares during the last quarter. Two Sigma Securities LLC boosted its position in shares of Golden Entertainment by 10.9% in the fourth quarter. Two Sigma Securities LLC now owns 7,219 shares of the company's stock valued at $228,000 after acquiring an additional 709 shares during the period. Price T Rowe Associates Inc. MD boosted its position 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 valued at $243,000 after acquiring an additional 1,085 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Golden Entertainment in the fourth quarter worth $256,000. 70.73% of the stock is owned by institutional investors and hedge funds.

Golden Entertainment Price Performance

Shares of GDEN stock traded up $0.29 during mid-day trading on Friday, reaching $27.08. The company's stock had a trading volume of 202,229 shares, compared to its average volume of 222,656. The firm's 50-day moving average is $26.81 and its two-hundred day moving average is $29.78. The company has a market cap of $715.86 million, a P/E ratio of 21.84 and a beta of 1.79. Golden Entertainment, Inc. has a 1-year low of $22.66 and a 1-year high of $35.49. 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 (NASDAQ:GDEN - Get Free Report) last announced 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 the consensus estimate 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 predict that Golden Entertainment, Inc. will post 0.2 earnings per share for the current year.

Golden Entertainment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Wednesday, June 25th. Golden Entertainment's dividend payout ratio is 256.41%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on GDEN shares. Wall Street Zen upgraded shares of Golden Entertainment from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. JMP Securities cut their price objective on shares of Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating for the company in a research report on Thursday, April 17th. Finally, Macquarie reiterated an "outperform" rating and issued a $40.00 target price on shares of Golden Entertainment in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.