SG Capital Management LLC bought a new stake in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,436 shares of the company's stock, valued at approximately $677,000. SG Capital Management LLC owned about 0.08% of Golden Entertainment as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Lazard Asset Management LLC boosted its holdings 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 purchasing an additional 1,501 shares during the period. Meeder Asset Management Inc. boosted its position in shares of Golden Entertainment by 86.0% during the fourth 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. Two Sigma Securities LLC grew its position in Golden Entertainment by 10.9% in the 4th quarter. Two Sigma Securities LLC now owns 7,219 shares of the company's stock worth $228,000 after purchasing an additional 709 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Golden Entertainment by 16.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,678 shares of the company's stock worth $243,000 after acquiring an additional 1,085 shares during the period. Finally, Trexquant Investment LP bought a new stake in shares of Golden Entertainment during the 4th quarter valued at about $256,000. 70.73% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have weighed in on GDEN shares. Macquarie reiterated an "outperform" rating and issued a $40.00 price target on shares of Golden Entertainment in a research report on Friday, February 28th. StockNews.com raised Golden Entertainment from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, JMP Securities decreased their price objective on Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating on the stock in a research note on Thursday, April 17th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $37.00.
Check Out Our Latest Report on Golden Entertainment
Golden Entertainment Stock Down 3.0%
GDEN traded down $0.87 on Wednesday, reaching $27.61. The company's stock had a trading volume of 93,523 shares, compared to its average volume of 232,783. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. Golden Entertainment, Inc. has a fifty-two week low of $22.66 and a fifty-two week high of $35.49. The stock has a 50 day moving average of $26.62 and a two-hundred day moving average of $30.19. The company has a market capitalization of $729.74 million, a price-to-earnings ratio of 22.24 and a beta of 1.85.
Golden Entertainment (NASDAQ:GDEN - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). The business had revenue of $160.84 million for the quarter, compared to analyst estimates of $164.37 million. Golden Entertainment had a return on equity of 0.69% and a net margin of 5.23%. As a group, analysts forecast that Golden Entertainment, Inc. will post 0.2 EPS for the current fiscal year.
Golden Entertainment Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $1.00 dividend on an annualized basis and a yield of 3.62%. Golden Entertainment's dividend payout ratio is currently 256.41%.
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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