Aptus Capital Advisors LLC grew its position in Boyd Gaming Co. (NYSE:BYD - Free Report) by 15.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,683 shares of the company's stock after purchasing an additional 9,266 shares during the quarter. Aptus Capital Advisors LLC owned about 0.07% of Boyd Gaming worth $4,440,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the company. Ariel Investments LLC increased its position 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 buying an additional 335,984 shares during the period. Boston Partners increased its position in Boyd Gaming by 10.0% during the first quarter. Boston Partners now owns 3,031,091 shares of the company's stock worth $203,276,000 after acquiring an additional 274,876 shares during the period. Bamco Inc. NY boosted its holdings in Boyd Gaming by 4.0% in the 1st quarter. Bamco Inc. NY now owns 1,899,344 shares of the company's stock valued at $127,864,000 after purchasing an additional 73,491 shares during the period. American Century Companies Inc. raised its position in shares of Boyd Gaming by 19.7% in the second quarter. American Century Companies Inc. now owns 1,149,701 shares of the company's stock valued at $63,349,000 after buying an additional 189,226 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Boyd Gaming by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,002,438 shares of the company's stock valued at $67,485,000 after buying an additional 3,087 shares during the period. Institutional investors own 76.81% of the company's stock.
Insiders Place Their Bets
In other news, Chairman Marianne Boyd Johnson sold 73,130 shares of the firm's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $60.23, for a total transaction of $4,404,619.90. Following the completion of the transaction, the chairman now directly owns 1,423,498 shares in the company, valued at $85,737,284.54. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Boyd Gaming 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 transaction, the director now directly owns 1,096 shares in the company, valued at approximately $66,154.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Marianne Boyd Johnson sold 73,130 shares of the business's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $60.23, for a total transaction of $4,404,619.90. Following the transaction, the chairman now owns 1,423,498 shares in the company, valued at $85,737,284.54. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 121,076 shares of company stock valued at $7,763,331. 27.94% of the stock is currently owned by company insiders.
Boyd Gaming Trading Down 0.4 %
NYSE:BYD traded down $0.32 during mid-day trading on Wednesday, hitting $73.55. 649,221 shares of the company's stock were exchanged, compared to its average volume of 923,806. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. Boyd Gaming Co. has a fifty-two week low of $49.34 and a fifty-two week high of $74.78. The company has a 50 day simple moving average of $65.48 and a 200-day simple moving average of $59.16. The firm has a market capitalization of $6.50 billion, a P/E ratio of 14.04, a PEG ratio of 9.64 and a beta of 1.55.
Boyd Gaming Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Sunday, September 15th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Friday, September 13th. Boyd Gaming's dividend payout ratio is currently 12.98%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on BYD shares. Barclays lifted their price objective on Boyd Gaming from $70.00 to $71.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Mizuho reaffirmed an "outperform" rating and issued a $79.00 price target (up previously from $78.00) on shares of Boyd Gaming in a research note on Friday, October 25th. Macquarie dropped their target price on shares of Boyd Gaming from $72.00 to $68.00 and set a "neutral" rating for the company in a research report on Friday, July 26th. JPMorgan Chase & Co. increased their price target on shares of Boyd Gaming from $68.00 to $69.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Finally, Truist Financial boosted their price objective on shares of Boyd Gaming from $75.00 to $77.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating, seven have given 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 a consensus price target of $91.38.
View Our Latest Stock Analysis on Boyd Gaming
Boyd Gaming Company Profile
(
Free Report)
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.
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