Golden Entertainment, Inc. (NASDAQ:GDEN) Position Increased by American Century Companies Inc.

American Century Companies Inc. lifted its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 111.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 153,059 shares of the company's stock after purchasing an additional 80,784 shares during the period. American Century Companies Inc. owned 0.54% of Golden Entertainment worth $5,232,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Pinebridge Investments L.P. bought a new stake in shares of Golden Entertainment in the 2nd quarter worth approximately $25,000. Point72 Hong Kong Ltd boosted its position in shares of Golden Entertainment by 161.5% in the 1st quarter. Point72 Hong Kong Ltd now owns 544 shares of the company's stock worth $32,000 after purchasing an additional 336 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Golden Entertainment by 86.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,048 shares of the company's stock worth $36,000 after purchasing an additional 487 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Golden Entertainment in the 2nd quarter worth approximately $40,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Golden Entertainment by 88.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,716 shares of the company's stock worth $60,000 after purchasing an additional 803 shares in the last quarter. 70.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on GDEN. StockNews.com lowered shares of Golden Entertainment from a "buy" rating to a "hold" rating in a report on Monday, March 4th. JMP Securities decreased their price objective on shares of Golden Entertainment from $48.00 to $45.00 and set a "market outperform" rating for the company in a report on Friday, March 1st. Finally, Truist Financial began coverage on shares of Golden Entertainment in a report on Friday, March 15th. They issued a "buy" rating and a $45.00 price objective for the company.

Golden Entertainment Stock Performance

Shares of GDEN stock traded up $0.77 during mid-day trading on Thursday, reaching $36.83. 162,358 shares of the company's stock traded hands, compared to its average volume of 148,698. Golden Entertainment, Inc. has a 12 month low of $30.38 and a 12 month high of $47.49. The firm has a 50 day moving average price of $36.56 and a two-hundred day moving average price of $36.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.30 and a current ratio of 2.35. The firm has a market capitalization of $1.06 billion, a PE ratio of 4.45 and a beta of 2.25.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last issued its earnings results on Thursday, February 29th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.07). The firm had revenue of $230.69 million during the quarter, compared to the consensus estimate of $228.75 million. Golden Entertainment had a return on equity of 6.40% and a net margin of 24.28%. On average, research analysts forecast that Golden Entertainment, Inc. will post 1.21 EPS for the current year.

Golden Entertainment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Monday, March 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, March 15th. Golden Entertainment's dividend payout ratio (DPR) is presently 12.08%.

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.