Renaissance Technologies LLC Buys Shares of 23,062 Golden Entertainment, Inc. (NASDAQ:GDEN)

Renaissance Technologies LLC purchased a new stake in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 23,062 shares of the company's stock, valued at approximately $729,000. Renaissance Technologies LLC owned 0.08% of Golden Entertainment at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. DAVENPORT & Co LLC increased its stake in Golden Entertainment by 26.6% in the 4th quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company's stock worth $40,864,000 after acquiring an additional 271,782 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Golden Entertainment by 61.8% in the fourth quarter. Russell Investments Group Ltd. now owns 190,033 shares of the company's stock valued at $6,005,000 after purchasing an additional 72,588 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Golden Entertainment by 37.6% during the fourth quarter. Bank of New York Mellon Corp now owns 241,658 shares of the company's stock valued at $7,636,000 after purchasing an additional 66,061 shares during the last quarter. Vanguard Group Inc. grew its stake in Golden Entertainment by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 1,490,019 shares of the company's stock worth $47,085,000 after buying an additional 57,285 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of Golden Entertainment by 603.6% in the 4th quarter. Teacher Retirement System of Texas now owns 50,077 shares of the company's stock worth $1,582,000 after buying an additional 42,960 shares during the last quarter. 70.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Macquarie reiterated an "outperform" rating and issued a $40.00 target price on shares of Golden Entertainment in a research report on Friday, February 28th. StockNews.com lowered Golden Entertainment from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, JMP Securities reduced their price target on shares of Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating on the stock in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.86.

Golden Entertainment Trading Up 0.8 %

Shares of Golden Entertainment stock traded up $0.20 on Wednesday, hitting $25.86. The stock had a trading volume of 126,498 shares, compared to its average volume of 238,973. The stock's 50-day simple moving average is $26.61 and its two-hundred day simple moving average is $30.29. Golden Entertainment, Inc. has a one year low of $22.66 and a one year high of $35.49. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. The stock has a market cap of $683.61 million, a price-to-earnings ratio of 20.85 and a beta of 1.85.

Golden Entertainment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.87%. The ex-dividend date was Friday, March 21st. Golden Entertainment's dividend payout ratio (DPR) is 59.88%.

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.