Geode Capital Management LLC lowered its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 16.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 490,883 shares of the company's stock after selling 96,123 shares during the period. Geode Capital Management LLC owned 1.79% of Golden Entertainment worth $15,516,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in the company. Jane Street Group LLC boosted its holdings in Golden Entertainment by 5.2% in the 3rd quarter. Jane Street Group LLC now owns 35,033 shares of the company's stock valued at $1,114,000 after purchasing an additional 1,740 shares during the period. Barclays PLC grew its holdings in shares of Golden Entertainment by 84.7% during the 3rd quarter. Barclays PLC now owns 48,918 shares of the company's stock worth $1,556,000 after purchasing an additional 22,440 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Golden Entertainment by 42.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,190 shares of the company's stock worth $325,000 after purchasing an additional 3,037 shares during the period. Exchange Traded Concepts LLC raised its stake in Golden Entertainment by 5.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 31,795 shares of the company's stock valued at $1,005,000 after purchasing an additional 1,672 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its stake in Golden Entertainment by 26.6% in the fourth quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company's stock valued at $40,864,000 after purchasing an additional 271,782 shares in the last quarter. Institutional investors own 70.73% of the company's stock.
Golden Entertainment Trading Up 0.6 %
Golden Entertainment stock traded up $0.16 during trading hours on Friday, hitting $26.02. The stock had a trading volume of 43,315 shares, compared to its average volume of 241,681. The business's 50 day simple moving average is $27.70 and its 200-day simple moving average is $30.56. Golden Entertainment, Inc. has a one year low of $22.66 and a one year high of $35.49. The stock has a market cap of $687.84 million, a price-to-earnings ratio of 21.03 and a beta of 1.99. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75.
Golden Entertainment Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were issued a $0.25 dividend. The ex-dividend date was Friday, March 21st. This represents a $1.00 dividend on an annualized basis and a yield of 3.84%. Golden Entertainment's dividend payout ratio (DPR) is presently 59.88%.
Wall Street Analyst Weigh In
GDEN has been the subject of several analyst reports. Jefferies Financial Group boosted their target price on shares of Golden Entertainment from $31.00 to $32.00 and gave the company a "hold" rating in a research report on Friday, January 3rd. StockNews.com cut Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Macquarie reiterated an "outperform" rating and issued a $40.00 target price on shares of Golden Entertainment in a research report on Friday, February 28th. Finally, JMP Securities dropped their target price on shares of Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating for the company in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $36.86.
Check Out Our Latest Analysis on Golden Entertainment
About Golden Entertainment
(
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.
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