Gamco Investors INC. ET AL trimmed its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 755,251 shares of the company's stock after selling 14,124 shares during the period. Gamco Investors INC. ET AL owned about 2.75% of Golden Entertainment worth $23,866,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its stake in Golden Entertainment by 7.6% in the third quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company's stock valued at $143,000 after acquiring an additional 317 shares during the last quarter. HighTower Advisors LLC grew its holdings in Golden Entertainment by 1.9% during the third quarter. HighTower Advisors LLC now owns 17,580 shares of the company's stock worth $557,000 after purchasing an additional 333 shares during the period. Jane Street Group LLC increased its position in Golden Entertainment by 5.2% during the third quarter. Jane Street Group LLC now owns 35,033 shares of the company's stock worth $1,114,000 after buying an additional 1,740 shares during the last quarter. MML Investors Services LLC raised its stake in Golden Entertainment by 29.1% in the third quarter. MML Investors Services LLC now owns 63,449 shares of the company's stock valued at $2,017,000 after buying an additional 14,293 shares during the period. Finally, Barclays PLC lifted its position in shares of Golden Entertainment by 84.7% in the third quarter. Barclays PLC now owns 48,918 shares of the company's stock valued at $1,556,000 after buying an additional 22,440 shares during the last quarter. Institutional investors own 70.73% of the company's stock.
Golden Entertainment Price Performance
Shares of Golden Entertainment stock traded up $0.04 during trading on Friday, reaching $25.56. 142,213 shares of the company's stock were exchanged, compared to its average volume of 243,305. 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, Inc. has a 1-year low of $22.66 and a 1-year high of $35.49. The company has a market cap of $675.68 million, a P/E ratio of 20.61 and a beta of 1.99. The firm's 50-day moving average price is $28.33 and its 200 day moving average price is $30.69.
Golden Entertainment Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Friday, March 21st. Golden Entertainment's payout ratio is 59.88%.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on GDEN. Jefferies Financial Group upped their price target on shares of Golden Entertainment from $31.00 to $32.00 and gave the company a "hold" rating in a research note on Friday, January 3rd. 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 report on Thursday. Macquarie reiterated an "outperform" rating and issued a $40.00 price target on shares of Golden Entertainment in a research report on Friday, February 28th. Finally, StockNews.com downgraded Golden Entertainment from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $36.86.
Check Out Our Latest Stock Report on GDEN
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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