International Assets Investment Management LLC purchased a new stake in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,357 shares of the company's stock, valued at approximately $973,000. International Assets Investment Management LLC owned 0.09% of Golden Entertainment as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its stake in 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. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Golden Entertainment by 44.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,012 shares of the company's stock worth $171,000 after buying an additional 1,549 shares during the period. MGO One Seven LLC increased its position in Golden Entertainment by 13.3% in the 3rd quarter. MGO One Seven LLC now owns 9,897 shares of the company's stock worth $338,000 after buying an additional 1,164 shares during the period. Oppenheimer Asset Management Inc. increased its position in shares of Golden Entertainment by 56.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 10,649 shares of the company's stock valued at $364,000 after purchasing an additional 3,842 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in shares of Golden Entertainment by 49.8% during the third quarter. Nisa Investment Advisors LLC now owns 12,610 shares of the company's stock valued at $431,000 after purchasing an additional 4,194 shares during the period. 70.73% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages recently commented on GDEN. Deutsche Bank Aktiengesellschaft decreased their price target on Golden Entertainment from $42.00 to $36.00 and set a "buy" rating on the stock in a research note on Thursday, May 9th. B. Riley started coverage on Golden Entertainment in a research note on Friday, April 26th. They issued a "buy" rating and a $46.00 price objective on the stock. JMP Securities reduced their price objective on Golden Entertainment from $48.00 to $45.00 and set a "market outperform" rating on the stock in a research note on Friday, March 1st. StockNews.com raised Golden Entertainment from a "hold" rating to a "buy" rating in a research note on Friday, May 10th. Finally, Truist Financial reduced their price objective on Golden Entertainment from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, April 23rd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $42.75.
Check Out Our Latest Analysis on GDEN
Golden Entertainment Trading Up 0.6 %
Shares of GDEN traded up $0.20 during trading hours on Friday, hitting $31.33. 339,833 shares of the stock traded hands, compared to its average volume of 176,228. The company has a current ratio of 2.36, a quick ratio of 2.33 and a debt-to-equity ratio of 1.16. Golden Entertainment, Inc. has a 1-year low of $30.35 and a 1-year high of $47.49. The firm has a market capitalization of $907.00 million, a PE ratio of 3.38 and a beta of 2.26. The business has a fifty day moving average of $33.82 and a 200-day moving average of $36.39.
Golden Entertainment (NASDAQ:GDEN - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.07). Golden Entertainment had a net margin of 30.14% and a return on equity of 1.13%. The firm had revenue of $230.69 million for the quarter, compared to analyst estimates of $228.75 million. Analysts expect that Golden Entertainment, Inc. will post 0.5 EPS for the current year.
Golden Entertainment Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a yield of 3.19%. Golden Entertainment's dividend payout ratio is presently 10.79%.
Golden Entertainment Company Profile
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Free Report)
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.
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