Boyd Gaming Co. (NYSE:BYD) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its holdings in Boyd Gaming Co. (NYSE:BYD - Free Report) by 22.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,827 shares of the company's stock after selling 9,719 shares during the period. Amalgamated Bank's holdings in Boyd Gaming were worth $2,122,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new stake in shares of Boyd Gaming in the second quarter worth approximately $29,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Boyd Gaming by 57.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company's stock worth $35,000 after acquiring an additional 189 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Boyd Gaming by 58.2% in the second quarter. Blue Trust Inc. now owns 783 shares of the company's stock worth $43,000 after acquiring an additional 288 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Boyd Gaming by 921.8% in the third quarter. Farther Finance Advisors LLC now owns 889 shares of the company's stock worth $57,000 after acquiring an additional 802 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Boyd Gaming during the first quarter worth approximately $90,000. 76.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays lifted their price objective on Boyd Gaming from $70.00 to $71.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on Boyd Gaming from $68.00 to $69.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Bank of America lifted their target price on Boyd Gaming from $68.00 to $72.00 and gave the company a "buy" rating in a research report on Tuesday, September 17th. Mizuho reiterated an "outperform" rating and issued a $79.00 price objective (up previously from $78.00) on shares of Boyd Gaming in a report on Friday, October 25th. Finally, Truist Financial boosted their price objective on Boyd Gaming from $75.00 to $77.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $91.38.

Insider Activity

In other Boyd Gaming news, CFO Josh Hirsberg sold 21,549 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $71.43, for a total transaction of $1,539,245.07. Following the completion of the sale, the chief financial officer now directly owns 438,615 shares of the company's stock, valued at $31,330,269.45. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Christine J. Spadafor sold 1,242 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $60.36, for a total transaction of $74,967.12. Following the completion of the transaction, the director now directly owns 1,096 shares of the company's stock, valued at approximately $66,154.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Josh Hirsberg sold 21,549 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $71.43, for a total value of $1,539,245.07. Following the transaction, the chief financial officer now directly owns 438,615 shares of the company's stock, valued at approximately $31,330,269.45. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 121,076 shares of company stock valued at $7,763,331. Insiders own 28.40% of the company's stock.

Boyd Gaming Stock Performance

Shares of Boyd Gaming stock traded down $0.63 on Tuesday, hitting $73.51. The stock had a trading volume of 302,148 shares, compared to its average volume of 922,997. Boyd Gaming Co. has a 52-week low of $49.34 and a 52-week high of $74.78. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 14.10, a P/E/G ratio of 9.61 and a beta of 1.55. The company's 50 day moving average price is $64.95 and its 200 day moving average price is $58.91.

Boyd Gaming Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Sunday, September 15th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, September 13th. Boyd Gaming's payout ratio is currently 12.98%.

About Boyd Gaming

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.