JPMorgan Chase & Co. Acquires 11,742 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

JPMorgan Chase & Co. raised its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 36.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,604 shares of the company's stock after acquiring an additional 11,742 shares during the period. JPMorgan Chase & Co. owned approximately 0.16% of Golden Entertainment worth $1,378,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Intech Investment Management LLC bought a new stake in shares of Golden Entertainment during the fourth quarter valued at about $288,000. Nisa Investment Advisors LLC boosted its holdings 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 valued at $325,000 after acquiring an additional 3,037 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Golden Entertainment during the fourth quarter valued at approximately $608,000. Victory Capital Management Inc. lifted its position in Golden Entertainment by 8.1% in the fourth quarter. Victory Capital Management Inc. now owns 29,751 shares of the company's stock worth $940,000 after purchasing an additional 2,226 shares during the period. Finally, Exchange Traded Concepts LLC boosted its stake in Golden Entertainment by 5.6% during the 4th 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. Institutional investors and hedge funds own 70.73% of the company's stock.

Wall Street Analysts Forecast Growth

GDEN has been the subject of several research reports. Macquarie reaffirmed an "outperform" rating and set a $40.00 target price on shares of Golden Entertainment in a research note on Friday, February 28th. StockNews.com lowered shares of Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. JMP Securities cut 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. Finally, Jefferies Financial Group raised their target price on Golden Entertainment from $31.00 to $32.00 and gave the stock a "hold" rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $36.86.

Golden Entertainment Stock Performance

Golden Entertainment stock traded up $0.12 during mid-day trading on Thursday, reaching $25.82. The company had a trading volume of 8,269 shares, compared to its average volume of 239,766. The company has a 50 day moving average of $27.13 and a 200-day moving average of $30.46. Golden Entertainment, Inc. has a 52 week low of $22.66 and a 52 week high of $35.49. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. The firm has a market cap of $682.58 million, a price-to-earnings ratio of 20.81 and a beta of 1.99.

Golden Entertainment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.00 annualized dividend and a yield of 3.87%. Golden Entertainment's dividend payout ratio is 59.88%.

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.