Golden Entertainment, Inc. (NASDAQ:GDEN) Stake Raised by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its stake in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 61.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 190,033 shares of the company's stock after purchasing an additional 72,588 shares during the quarter. Russell Investments Group Ltd. owned 0.69% of Golden Entertainment worth $6,005,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Meeder Asset Management Inc. boosted its position in Golden Entertainment by 86.0% in the 4th quarter. Meeder Asset Management Inc. now owns 2,474 shares of the company's stock valued at $78,000 after buying an additional 1,144 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Golden Entertainment by 7.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company's stock valued at $143,000 after purchasing an additional 317 shares in the last quarter. Trexquant Investment LP purchased a new stake in Golden Entertainment during the 4th quarter worth approximately $256,000. Intech Investment Management LLC acquired a new position in shares of Golden Entertainment in the 4th quarter valued at approximately $288,000. Finally, Nisa Investment Advisors LLC boosted its stake in Golden Entertainment by 42.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,190 shares of the company's stock valued at $325,000 after acquiring an additional 3,037 shares during the last quarter. Hedge funds and other institutional investors own 70.73% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GDEN. StockNews.com cut Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. JMP Securities cut their price objective 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. Macquarie restated an "outperform" rating and issued a $40.00 target price on shares of Golden Entertainment in a research report on Friday, February 28th. Finally, Jefferies Financial Group lifted their price target on Golden Entertainment from $31.00 to $32.00 and gave the company a "hold" rating in a report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $36.86.

Golden Entertainment Price Performance

Shares of NASDAQ:GDEN traded up $0.04 during trading on Friday, reaching $25.56. The company had a trading volume of 142,213 shares, compared to its average volume of 242,922. Golden Entertainment, Inc. has a twelve month low of $22.66 and a twelve month high of $35.49. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. The firm has a market capitalization of $675.68 million, a PE ratio of 20.61 and a beta of 1.99. The firm's fifty day moving average is $28.33 and its 200 day moving average is $30.69.

Golden Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date was Friday, March 21st. Golden Entertainment's payout ratio is currently 59.88%.

Golden Entertainment Company 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.