Dynamic Technology Lab Private Ltd Sells 15,718 Shares of Boyd Gaming Co. (NYSE:BYD)

Dynamic Technology Lab Private Ltd decreased its stake in Boyd Gaming Co. (NYSE:BYD - Free Report) by 51.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,940 shares of the company's stock after selling 15,718 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Boyd Gaming were worth $1,084,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. raised its position in Boyd Gaming by 80.3% during the fourth quarter. UMB Bank n.a. now owns 393 shares of the company's stock valued at $29,000 after purchasing an additional 175 shares in the last quarter. GAMMA Investing LLC lifted its position in Boyd Gaming by 47.4% in the 4th quarter. GAMMA Investing LLC now owns 460 shares of the company's stock worth $33,000 after buying an additional 148 shares during the last quarter. Quarry LP boosted its stake in Boyd Gaming by 150.1% in the third quarter. Quarry LP now owns 873 shares of the company's stock worth $56,000 after buying an additional 524 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Boyd Gaming during the third quarter valued at approximately $64,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Boyd Gaming in the 4th quarter worth approximately $67,000. Hedge funds and other institutional investors own 76.81% of the company's stock.

Boyd Gaming Stock Performance

Shares of NYSE BYD traded down $0.34 during trading on Friday, reaching $63.96. 254,925 shares of the company traded hands, compared to its average volume of 974,406. Boyd Gaming Co. has a 52-week low of $49.34 and a 52-week high of $80.50. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $5.28 billion, a PE ratio of 10.28, a P/E/G ratio of 4.46 and a beta of 1.31. The firm has a 50 day simple moving average of $71.09 and a 200-day simple moving average of $71.06.

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

Boyd Gaming Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a $0.18 dividend. This is a positive change from Boyd Gaming's previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.13%. Boyd Gaming's dividend payout ratio is 11.58%.

Analyst Ratings Changes

A number of equities analysts recently commented on BYD shares. JMP Securities reiterated a "market perform" rating on shares of Boyd Gaming in a research report on Friday, February 7th. Truist Financial lowered their target price on Boyd Gaming from $92.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Jefferies Financial Group raised Boyd Gaming from a "hold" rating to a "buy" rating and lifted their price target for the stock from $73.00 to $92.00 in a research note on Friday, January 3rd. StockNews.com downgraded shares of Boyd Gaming from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 27th. Finally, Wells Fargo & Company upped their price target on Boyd Gaming from $82.00 to $88.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Boyd Gaming has an average rating of "Moderate Buy" and a consensus target price of $95.00.

Insider Buying and Selling

In related news, Director Christine J. Spadafor sold 1,125 shares of Boyd Gaming stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $75.28, for a total value of $84,690.00. Following the completion of the transaction, the director now owns 4,852 shares in the company, valued at approximately $365,258.56. This trade represents a 18.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Marianne Boyd Johnson sold 50,000 shares of Boyd Gaming stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $77.68, for a total value of $3,884,000.00. Following the completion of the transaction, the chairman now owns 1,346,628 shares of the company's stock, valued at approximately $104,606,063.04. This trade represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,125 shares of company stock worth $5,158,490. 27.94% of the stock is owned by corporate insiders.

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.