Aaron Wealth Advisors LLC Invests $265,000 in Boyd Gaming Co. (NYSE:BYD)

Aaron Wealth Advisors LLC acquired a new position in Boyd Gaming Co. (NYSE:BYD - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,658 shares of the company's stock, valued at approximately $265,000.

A number of other institutional investors have also added to or reduced their stakes in BYD. Victory Capital Management Inc. grew its position in Boyd Gaming by 6,158.8% during the 3rd quarter. Victory Capital Management Inc. now owns 908,905 shares of the company's stock worth $58,761,000 after acquiring an additional 894,383 shares during the last quarter. Long Pond Capital LP bought a new position in Boyd Gaming during the 2nd quarter worth about $20,440,000. Ariel Investments LLC increased its holdings in Boyd Gaming by 12.5% during the 2nd quarter. Ariel Investments LLC now owns 3,031,691 shares of the company's stock worth $167,046,000 after purchasing an additional 335,984 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Boyd Gaming by 4,816.4% in the 3rd quarter. International Assets Investment Management LLC now owns 184,560 shares of the company's stock valued at $119,320,000 after acquiring an additional 180,806 shares in the last quarter. Finally, Goldentree Asset Management LP bought a new position in shares of Boyd Gaming in the 3rd quarter valued at about $11,490,000. 76.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Boyd Gaming

In related news, Director Christine J. Spadafor sold 660 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $75.68, for a total transaction of $49,948.80. Following the sale, the director now directly owns 5,977 shares in the company, valued at approximately $452,339.36. This represents a 9.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William R. Boyd sold 25,155 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $69.35, for a total transaction of $1,744,499.25. Following the sale, the director now owns 1,487,970 shares in the company, valued at $103,190,719.50. The trade was a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,364 shares of company stock valued at $10,590,893 over the last three months. Corporate insiders own 28.40% of the company's stock.

Boyd Gaming Trading Up 1.6 %

Shares of NYSE:BYD traded up $1.22 during mid-day trading on Tuesday, reaching $76.11. 849,701 shares of the company's stock were exchanged, compared to its average volume of 905,150. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 4.17 and a beta of 1.54. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82. Boyd Gaming Co. has a twelve month low of $49.34 and a twelve month high of $76.73. The business's fifty day moving average price is $73.02 and its 200-day moving average price is $65.72.

Boyd Gaming announced that its board has initiated a stock buyback program on Thursday, December 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 7.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Boyd Gaming Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.68 annualized dividend and a dividend yield of 0.89%. Boyd Gaming's dividend payout ratio is currently 12.98%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BYD shares. JMP Securities restated a "market perform" rating on shares of Boyd Gaming in a research report on Thursday, January 16th. JPMorgan Chase & Co. lifted their price target on shares of Boyd Gaming from $69.00 to $74.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Mizuho reiterated an "outperform" rating and issued a $79.00 price target (up from $78.00) on shares of Boyd Gaming in a research report on Friday, October 25th. Wells Fargo & Company lifted their price objective on shares of Boyd Gaming from $75.00 to $79.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Finally, Barclays lifted their price objective on shares of Boyd Gaming from $70.00 to $71.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $92.20.

Boyd Gaming Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.