Barclays PLC raised its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 84.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,918 shares of the company's stock after acquiring an additional 22,440 shares during the quarter. Barclays PLC owned approximately 0.18% of Golden Entertainment worth $1,556,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of GDEN. William Blair Investment Management LLC boosted its stake in Golden Entertainment by 132.1% during the second quarter. William Blair Investment Management LLC now owns 1,486,689 shares of the company's stock worth $46,251,000 after acquiring an additional 846,269 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Golden Entertainment by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 587,006 shares of the company's stock worth $18,664,000 after purchasing an additional 24,264 shares in the last quarter. Systematic Financial Management LP grew its stake in shares of Golden Entertainment by 24.5% in the 3rd quarter. Systematic Financial Management LP now owns 352,227 shares of the company's stock worth $11,197,000 after buying an additional 69,207 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Golden Entertainment by 16.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,709 shares of the company's stock valued at $8,860,000 after buying an additional 38,385 shares in the last quarter. Finally, Bernzott Capital Advisors raised its stake in Golden Entertainment by 7.9% during the third quarter. Bernzott Capital Advisors now owns 247,632 shares of the company's stock valued at $7,872,000 after buying an additional 18,233 shares during the last quarter. 70.73% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. StockNews.com cut Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Tuesday, December 17th. Truist Financial reduced their price objective on shares of Golden Entertainment from $38.00 to $36.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. Wells Fargo & Company assumed coverage on shares of Golden Entertainment in a research note on Monday, December 16th. They issued an "overweight" rating and a $38.00 target price on the stock. B. Riley cut their price target on shares of Golden Entertainment from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, September 23rd. Finally, Macquarie lowered their price objective on Golden Entertainment from $39.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $36.57.
Get Our Latest Research Report on Golden Entertainment
Golden Entertainment Stock Down 0.5 %
Shares of Golden Entertainment stock opened at $31.15 on Monday. Golden Entertainment, Inc. has a twelve month low of $27.42 and a twelve month high of $40.55. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. The company's 50 day moving average is $32.37 and its 200 day moving average is $31.30. The company has a market cap of $854.41 million, a price-to-earnings ratio of 25.12 and a beta of 2.22.
Golden Entertainment Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 20th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Friday, December 20th. Golden Entertainment's payout ratio is currently 80.65%.
Insider Activity at Golden Entertainment
In other news, Director Terrence Wright sold 16,586 shares of Golden Entertainment stock in a transaction on Friday, December 20th. The shares were sold at an average price of $31.26, for a total transaction of $518,478.36. Following the transaction, the director now owns 61,616 shares in the company, valued at $1,926,116.16. This trade represents a 21.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 29.10% of the stock is owned by company insiders.
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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