Golden Entertainment (NASDAQ:GDEN) Reaches New 12-Month Low - Time to Sell?

Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as $24.48 and last traded at $25.06, with a volume of 106190 shares. The stock had previously closed at $27.46.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GDEN. Jefferies Financial Group increased their price objective 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. StockNews.com cut shares of Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Wells Fargo & Company initiated coverage on Golden Entertainment in a research note on Monday, December 16th. They issued an "overweight" rating and a $38.00 price objective on the stock. JMP Securities restated a "market outperform" rating and set a $36.00 target price on shares of Golden Entertainment in a research report on Thursday, January 16th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $36.86.

Golden Entertainment Trading Down 0.0 %

The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. The stock has a market cap of $663.31 million, a P/E ratio of 20.18 and a beta of 1.99. The company has a 50-day simple moving average of $29.61 and a 200-day simple moving average of $31.05.

Golden Entertainment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were given 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 4.00%. Golden Entertainment's dividend payout ratio (DPR) is 59.88%.

Institutional Investors Weigh In On Golden Entertainment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Golden Entertainment by 16.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 278,709 shares of the company's stock valued at $8,860,000 after purchasing an additional 38,385 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Golden Entertainment by 7.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company's stock valued at $143,000 after buying an additional 317 shares during the period. HighTower Advisors LLC raised its position in shares of 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 acquiring an additional 333 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Golden Entertainment by 5.2% during the third quarter. Jane Street Group LLC now owns 35,033 shares of the company's stock valued at $1,114,000 after acquiring an additional 1,740 shares during the period. Finally, MML Investors Services LLC boosted its holdings 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 acquiring an additional 14,293 shares during the last quarter. Institutional investors and hedge funds own 70.73% of the company's stock.

About Golden Entertainment

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.