SG Capital Management LLC bought a new stake in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,436 shares of the company's stock, valued at approximately $677,000. SG Capital Management LLC owned 0.08% of Golden Entertainment at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millennium Management LLC grew its position in Golden Entertainment by 885.9% during the 4th quarter. Millennium Management LLC now owns 171,302 shares of the company's stock worth $5,413,000 after purchasing an additional 153,927 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Golden Entertainment by 405.7% during the fourth quarter. Lazard Asset Management LLC now owns 1,871 shares of the company's stock worth $59,000 after buying an additional 1,501 shares during the period. Deutsche Bank AG grew its holdings in shares of Golden Entertainment by 57.0% during the fourth quarter. Deutsche Bank AG now owns 16,680 shares of the company's stock worth $527,000 after buying an additional 6,054 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new position in shares of Golden Entertainment during the fourth quarter worth about $17,704,000. Finally, Baird Financial Group Inc. increased its position in Golden Entertainment by 8.3% in the 4th quarter. Baird Financial Group Inc. now owns 107,820 shares of the company's stock valued at $3,407,000 after acquiring an additional 8,248 shares during the period. Hedge funds and other institutional investors own 70.73% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on GDEN shares. StockNews.com raised Golden Entertainment from a "hold" rating to a "buy" rating in a research report on Monday. Macquarie restated an "outperform" rating and set a $40.00 price target on shares of Golden Entertainment in a research note on Friday, February 28th. Finally, JMP Securities lowered 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, April 17th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Golden Entertainment currently has a consensus rating of "Moderate Buy" and an average target price of $37.00.
Check Out Our Latest Analysis on GDEN
Golden Entertainment Stock Performance
Shares of GDEN stock opened at $29.29 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. The stock has a 50 day simple moving average of $26.47 and a 200-day simple moving average of $30.21. The company has a market cap of $774.28 million, a price-to-earnings ratio of 23.62 and a beta of 1.85. Golden Entertainment, Inc. has a 12-month low of $22.66 and a 12-month high of $35.49.
Golden Entertainment (NASDAQ:GDEN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). Golden Entertainment had a return on equity of 0.69% and a net margin of 5.23%. The business had revenue of $160.84 million for the quarter, compared to analyst estimates of $164.37 million. On average, equities analysts forecast that Golden Entertainment, Inc. will post 0.2 EPS for the current year.
Golden Entertainment Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.41%. Golden Entertainment's dividend payout ratio is presently 256.41%.
Golden Entertainment Profile
(
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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