III Capital Management Grows Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

III Capital Management grew its stake in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 26.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,028 shares of the company's stock after buying an additional 11,014 shares during the quarter. III Capital Management owned approximately 0.19% of Golden Entertainment worth $1,644,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Two Sigma Securities LLC raised its position in Golden Entertainment by 10.9% in the fourth quarter. Two Sigma Securities LLC now owns 7,219 shares of the company's stock valued at $228,000 after purchasing an additional 709 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Golden Entertainment by 16.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,678 shares of the company's stock worth $243,000 after buying an additional 1,085 shares during the period. MGO One Seven LLC grew its holdings in Golden Entertainment by 28.8% during the 4th quarter. MGO One Seven LLC now owns 12,364 shares of the company's stock worth $391,000 after acquiring an additional 2,761 shares during the last quarter. Beacon Investment Advisors LLC increased its holdings in Golden Entertainment by 0.8% in the fourth quarter. Beacon Investment Advisors LLC now owns 44,559 shares of the company's stock valued at $1,408,000 after purchasing an additional 333 shares during the period. Finally, MML Investors Services LLC lifted its holdings in Golden Entertainment by 11.0% during the 4th quarter. MML Investors Services LLC now owns 70,448 shares of the company's stock worth $2,226,000 after buying an additional 6,999 shares during the period. 70.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Jefferies Financial Group lifted their price objective on Golden Entertainment from $31.00 to $32.00 and gave the stock a "hold" rating in a research note on Friday, January 3rd. StockNews.com lowered shares of Golden Entertainment from a "buy" rating to a "hold" rating in a report on Friday, February 28th. JMP Securities decreased their price target on Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating for the company in a report on Thursday, April 17th. Finally, Macquarie reissued an "outperform" rating and issued a $40.00 price objective on shares of Golden Entertainment in a research note on Friday, February 28th. Two research 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 an average rating of "Moderate Buy" and an average price target of $36.86.

Golden Entertainment Stock Up 1.7 %

Golden Entertainment stock traded up $0.43 during mid-day trading on Friday, reaching $26.23. The stock had a trading volume of 89,408 shares, compared to its average volume of 239,812. The firm has a market capitalization of $693.39 million, a PE ratio of 21.15 and a beta of 1.85. Golden Entertainment, Inc. has a fifty-two week low of $22.66 and a fifty-two week high of $35.49. The stock's 50-day simple moving average is $26.93 and its 200-day simple moving average is $30.40. 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 Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 3.81%. Golden Entertainment's dividend payout ratio (DPR) is presently 59.88%.

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.