Golden Entertainment, Inc. (NASDAQ:GDEN) Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 14.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,326 shares of the company's stock after selling 18,852 shares during the period. Invesco Ltd. owned 0.40% of Golden Entertainment worth $3,455,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GDEN. Rhumbline Advisers lifted its stake in Golden Entertainment by 2.2% in the 4th quarter. Rhumbline Advisers now owns 52,291 shares of the company's stock valued at $1,652,000 after buying an additional 1,102 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Golden Entertainment by 86.0% in the fourth quarter. Meeder Asset Management Inc. now owns 2,474 shares of the company's stock valued at $78,000 after acquiring an additional 1,144 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Golden Entertainment by 5.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 31,795 shares of the company's stock valued at $1,005,000 after acquiring an additional 1,672 shares during the last quarter. Jane Street Group LLC increased its position in Golden Entertainment by 5.2% during the 3rd quarter. Jane Street Group LLC now owns 35,033 shares of the company's stock worth $1,114,000 after purchasing an additional 1,740 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Golden Entertainment by 8.1% in the 4th quarter. Victory Capital Management Inc. now owns 29,751 shares of the company's stock valued at $940,000 after purchasing an additional 2,226 shares during the last quarter. 70.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GDEN has been the topic of several analyst reports. JMP Securities decreased their price target 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. Macquarie restated an "outperform" rating and set a $40.00 target price on shares of Golden Entertainment in a research report on Friday, February 28th. StockNews.com downgraded Golden Entertainment from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Finally, Jefferies Financial Group increased their price target on Golden Entertainment from $31.00 to $32.00 and gave the stock a "hold" rating in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Golden Entertainment currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.86.

Golden Entertainment Trading Up 1.4 %

Shares of GDEN traded up $0.35 during mid-day trading on Friday, reaching $26.15. The company had a trading volume of 13,275 shares, compared to its average volume of 239,230. The stock has a market cap of $691.28 million, a price-to-earnings ratio of 21.10 and a beta of 1.99. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. The firm has a fifty day simple moving average of $27.01 and a 200-day simple moving average of $30.43. Golden Entertainment, Inc. has a fifty-two week low of $22.66 and a fifty-two week high of $35.49.

Golden Entertainment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders 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 3.82%. Golden Entertainment's dividend payout ratio is presently 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.