Boyd Gaming Co. (NYSE:BYD) Stake Decreased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lowered its stake in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 533,050 shares of the company's stock after selling 63,269 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.60% of Boyd Gaming worth $38,667,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Boston Partners raised its position in shares of Boyd Gaming by 36.9% during the 4th quarter. Boston Partners now owns 3,955,544 shares of the company's stock valued at $287,185,000 after buying an additional 1,065,887 shares in the last quarter. Norges Bank bought a new stake in shares of Boyd Gaming in the fourth quarter worth $55,553,000. Raymond James Financial Inc. bought a new position in Boyd Gaming in the fourth quarter worth approximately $43,273,000. Arrowstreet Capital Limited Partnership increased its holdings in Boyd Gaming by 51.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,296,863 shares of the company's stock worth $94,074,000 after acquiring an additional 441,963 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Boyd Gaming by 37.2% in the 4th quarter. Franklin Resources Inc. now owns 964,051 shares of the company's stock worth $69,932,000 after purchasing an additional 261,443 shares during the period. 76.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Boyd Gaming

In other Boyd Gaming news, Director William R. Boyd sold 15,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $79.32, for a total transaction of $1,189,800.00. Following the completion of the sale, the director now owns 1,472,970 shares of the company's stock, valued at approximately $116,835,980.40. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christine J. Spadafor sold 1,125 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $75.28, for a total value of $84,690.00. Following the completion of the sale, the director now owns 4,852 shares of the company's stock, valued at approximately $365,258.56. This represents a 18.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,125 shares of company stock valued at $5,158,490. Corporate insiders own 27.94% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BYD shares. JMP Securities restated a "market perform" rating on shares of Boyd Gaming in a report on Friday, February 7th. Susquehanna decreased their price objective on shares of Boyd Gaming from $77.00 to $75.00 and set a "positive" rating for the company in a research note on Wednesday. Stifel Nicolaus boosted their price target on Boyd Gaming from $74.00 to $82.00 and gave the company a "hold" rating in a report on Friday, February 7th. Wells Fargo & Company lifted their target price on Boyd Gaming from $82.00 to $88.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Boyd Gaming from $74.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $94.27.

Boyd Gaming Price Performance

BYD traded down $0.17 during trading on Friday, reaching $64.65. The company's stock had a trading volume of 661,029 shares, compared to its average volume of 978,639. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85. Boyd Gaming Co. has a 1 year low of $49.34 and a 1 year high of $80.50. The firm has a fifty day simple moving average of $69.58 and a two-hundred day simple moving average of $71.02. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 4.46 and a beta of 1.31.

Boyd Gaming (NYSE:BYD - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.21. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. As a group, analysts anticipate that Boyd Gaming Co. will post 6.52 EPS for the current year.

Boyd Gaming Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.11%. This is an increase from Boyd Gaming's previous quarterly dividend of $0.17. The ex-dividend date was Monday, March 17th. Boyd Gaming's dividend payout ratio is 11.58%.

Boyd Gaming Company 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.