24,357 Shares in Golden Entertainment, Inc. (NASDAQ:GDEN) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new stake in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 24,357 shares of the company's stock, valued at approximately $973,000. International Assets Investment Management LLC owned approximately 0.09% of Golden Entertainment as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of GDEN. Sequoia Financial Advisors LLC bought a new stake in shares of Golden Entertainment in the third quarter worth approximately $35,680,000. Gamco Investors INC. ET AL grew its stake in shares of Golden Entertainment by 156.8% in the third quarter. Gamco Investors INC. ET AL now owns 609,050 shares of the company's stock worth $20,817,000 after acquiring an additional 371,850 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Golden Entertainment by 83.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 251,299 shares of the company's stock worth $10,034,000 after acquiring an additional 114,454 shares during the period. Jennison Associates LLC grew its stake in shares of Golden Entertainment by 33.7% in the third quarter. Jennison Associates LLC now owns 389,455 shares of the company's stock worth $13,312,000 after acquiring an additional 98,186 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Golden Entertainment by 111.8% in the third quarter. American Century Companies Inc. now owns 153,059 shares of the company's stock worth $5,232,000 after acquiring an additional 80,784 shares during the period. 70.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on GDEN shares. Truist Financial reduced their price target on shares of Golden Entertainment from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday. JMP Securities reduced their price target on shares of Golden Entertainment from $48.00 to $45.00 and set a "market outperform" rating for the company in a research note on Friday, March 1st. Finally, StockNews.com lowered shares of Golden Entertainment from a "buy" rating to a "hold" rating in a research report on Monday, March 4th.

Golden Entertainment Stock Performance

GDEN stock traded up $0.19 during midday trading on Tuesday, reaching $34.86. 131,715 shares of the company's stock traded hands, compared to its average volume of 146,034. Golden Entertainment, Inc. has a 52-week low of $30.38 and a 52-week high of $47.49. The stock has a market cap of $1.01 billion, a P/E ratio of 4.21 and a beta of 2.25. The company has a current ratio of 2.35, a quick ratio of 2.30 and a debt-to-equity ratio of 1.22. The stock's 50-day moving average is $35.21 and its 200 day moving average is $36.61.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last announced its earnings results on Thursday, February 29th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.07). Golden Entertainment had a net margin of 24.28% and a return on equity of 6.40%. The business had revenue of $230.69 million for the quarter, compared to analysts' expectations of $228.75 million. As a group, analysts anticipate that Golden Entertainment, Inc. will post 1.21 EPS for the current year.

Golden Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Monday, March 18th were given a $0.25 dividend. The ex-dividend date was Friday, March 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.87%. Golden Entertainment's payout ratio is currently 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.