Barclays PLC Acquires 22,440 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

Barclays PLC lifted its stake in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 84.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,918 shares of the company's stock after purchasing an additional 22,440 shares during the quarter. Barclays PLC owned about 0.18% of Golden Entertainment worth $1,556,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. nVerses Capital LLC bought a new stake in Golden Entertainment in the second quarter worth about $37,000. Meeder Asset Management Inc. bought a new stake in shares of Golden Entertainment in the 3rd quarter worth approximately $42,000. Quarry LP acquired a new stake in Golden Entertainment during the second quarter valued at approximately $52,000. Allspring Global Investments Holdings LLC bought a new stake in Golden Entertainment during the second quarter worth approximately $54,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Golden Entertainment in the second quarter worth approximately $89,000. Institutional investors own 70.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GDEN shares. Truist Financial decreased their target price on Golden Entertainment from $38.00 to $36.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. Macquarie dropped their price target on Golden Entertainment from $39.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. StockNews.com cut shares of Golden Entertainment from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. JMP Securities boosted their price target on shares of Golden Entertainment from $35.00 to $36.00 and gave the company a "market outperform" rating in a report on Monday, November 25th. Finally, B. Riley decreased their price objective on shares of Golden Entertainment from $44.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, September 23rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $37.33.

Insider Buying and Selling at Golden Entertainment

In other Golden Entertainment news, Director Terrence Wright sold 16,586 shares of the company's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $31.26, for a total value of $518,478.36. Following the transaction, the director now directly owns 61,616 shares of the company's stock, valued at $1,926,116.16. This represents a 21.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 29.10% of the company's stock.

Golden Entertainment Stock Down 1.1 %

Shares of NASDAQ GDEN traded down $0.36 during mid-day trading on Friday, reaching $31.39. The company had a trading volume of 153,486 shares, compared to its average volume of 220,525. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. The company has a market capitalization of $861.00 million, a price-to-earnings ratio of 25.31 and a beta of 2.22. The stock has a fifty day moving average of $32.14 and a two-hundred day moving average of $31.21. Golden Entertainment, Inc. has a 12-month low of $27.42 and a 12-month high of $40.74.

Golden Entertainment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be given a $0.25 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.19%. Golden Entertainment's payout ratio is 80.65%.

About Golden Entertainment

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.