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

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

Other hedge funds have also modified their holdings of the company. Jane Street Group LLC grew its stake 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. Barclays PLC grew its position in Golden Entertainment by 84.7% during the third quarter. Barclays PLC now owns 48,918 shares of the company's stock worth $1,556,000 after buying an additional 22,440 shares during the period. Geode Capital Management LLC increased its stake in shares of Golden Entertainment by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 587,006 shares of the company's stock worth $18,664,000 after purchasing an additional 24,264 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Golden Entertainment by 42.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 10,190 shares of the company's stock valued at $325,000 after buying an additional 3,037 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Golden Entertainment by 5.6% in 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 during the last quarter. 70.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GDEN has been the topic of a number of research analyst reports. JMP Securities reduced their price objective 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. StockNews.com lowered shares of Golden Entertainment from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Macquarie reiterated an "outperform" rating and set a $40.00 target price on shares of Golden Entertainment in a research report on Friday, February 28th. Finally, Jefferies Financial Group raised their price objective on shares of Golden Entertainment from $31.00 to $32.00 and gave the company 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 given a buy rating to the stock. According to MarketBeat.com, Golden Entertainment presently has a consensus rating of "Moderate Buy" and an average target price of $36.86.

Golden Entertainment Trading Down 1.9 %

Golden Entertainment stock traded down $0.50 during mid-day trading on Wednesday, hitting $25.70. The company's stock had a trading volume of 135,950 shares, compared to its average volume of 240,688. The business has a 50 day moving average price of $27.26 and a 200-day moving average price of $30.49. Golden Entertainment, Inc. has a 12 month low of $22.66 and a 12 month high of $35.49. The stock has a market cap of $679.38 million, a price-to-earnings ratio of 20.73 and a beta of 1.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03.

Golden Entertainment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Friday, March 21st. Golden Entertainment's dividend payout ratio is currently 59.88%.

Golden Entertainment Company 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.