Insider Selling: Meridian Holdings Inc. Common Stock (NASDAQ:MRDN) CEO Sells 4,603 Shares of Stock

Key Points

• CEO Anthony Brian Goodman sold 4,603 shares on April 22 at an average price of $6.34 (≈$29,183), part of a recent string of insider sales in April including 20,000 shares on April 8 and 10,000 on April 9; after the transaction he still directly owns 523,659 shares (~$3.32M), a 0.87% reduction in his position.
• MRDN is trading around $6.29 with a market cap of about $79.5M, reported a (-$7.09) EPS last quarter and negative margins/ROE, and has recently received a "sell (e+)" from Weiss Ratings with an overall average analyst rating of Sell.

Meridian Holdings Inc. Common Stock (NASDAQ:MRDN - Get Free Report) CEO Anthony Brian Goodman sold 4,603 shares of the firm's stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $6.34, for a total transaction of $29,183.02. Following the completion of the transaction, the chief executive officer directly owned 523,659 shares in the company, valued at approximately $3,319,998.06. The trade was a 0.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Anthony Brian Goodman also recently made the following trade(s):

• On Friday, April 17th, Anthony Brian Goodman sold 404 shares of Meridian Holdings Inc. Common Stock stock. The shares were sold at an average price of $6.90, for a total value of $2,787.60.
• On Thursday, April 16th, Anthony Brian Goodman sold 3,876 shares of Meridian Holdings Inc. Common Stock stock. The shares were sold at an average price of $6.92, for a total value of $26,821.92.
• On Wednesday, April 15th, Anthony Brian Goodman sold 6,900 shares of Meridian Holdings Inc. Common Stock stock. The shares were sold at an average price of $6.93, for a total value of $47,817.00.
• On Tuesday, April 14th, Anthony Brian Goodman sold 100 shares of Meridian Holdings Inc. Common Stock stock. The shares were sold at an average price of $6.90, for a total value of $690.00.
• On Monday, April 13th, Anthony Brian Goodman sold 713 shares of Meridian Holdings Inc. Common Stock stock. The shares were sold at an average price of $6.90, for a total value of $4,919.70.
• On Friday, April 10th, Anthony Brian Goodman sold 903 shares of Meridian Holdings Inc. Common Stock stock. The shares were sold at an average price of $6.99, for a total value of $6,311.97.
• On Thursday, April 9th, Anthony Brian Goodman sold 10,000 shares of Meridian Holdings Inc. Common Stock stock. The shares were sold at an average price of $7.00, for a total value of $70,000.00.
• On Wednesday, April 8th, Anthony Brian Goodman sold 20,000 shares of Meridian Holdings Inc. Common Stock stock. The shares were sold at an average price of $7.03, for a total value of $140,600.00.
• On Tuesday, April 7th, Anthony Brian Goodman sold 1,006 shares of Meridian Holdings Inc. Common Stock stock. The shares were sold at an average price of $6.90, for a total value of $6,941.40.
• On Tuesday, March 31st, Anthony Brian Goodman sold 248 shares of Meridian Holdings Inc. Common Stock stock. The shares were sold at an average price of $7.25, for a total value of $1,798.00.

Meridian Holdings Inc. Common Stock Stock Performance

MRDN stock remained flat at $6.29 during mid-day trading on Thursday. The company's stock had a trading volume of 21,111 shares, compared to its average volume of 22,886. The firm has a market cap of $79.51 million, a P/E ratio of -0.84 and a beta of 0.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.59 and a quick ratio of 0.50. Meridian Holdings Inc. Common Stock has a fifty-two week low of $5.80 and a fifty-two week high of $25.92.

Meridian Holdings Inc. Common Stock (NASDAQ:MRDN - Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The company reported ($7.09) earnings per share (EPS) for the quarter. The company had revenue of $49.58 million for the quarter. Meridian Holdings Inc. Common Stock had a negative net margin of 49.16% and a negative return on equity of 87.11%. As a group, sell-side analysts forecast that Meridian Holdings Inc. Common Stock will post -0.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on shares of Meridian Holdings Inc. Common Stock in a research report on Tuesday, April 7th. They set a "sell (e+)" rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of "Sell".

Meridian Holdings Inc. Common Stock Company Profile

Meridian Holdings Inc is engaged in the online gaming and betting business, providing sports betting, online casino, and gaming operations across multiple jurisdictions in Europe, Africa, and Central and South America. The company has three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The MeridianBet Group segment includes retail and online sports betting, casinos, and related gaming operations. The GMAG segment focuses on the resale of third-party gaming content, mainly serving customers in the Asia-Pacific region.

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