Charles Schwab Investment Management Inc. Has $8.86 Million Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

Charles Schwab Investment Management Inc. lifted its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 16.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 278,709 shares of the company's stock after purchasing an additional 38,385 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.98% of Golden Entertainment worth $8,860,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. William Blair Investment Management LLC boosted its stake in Golden Entertainment by 132.1% in the 2nd quarter. William Blair Investment Management LLC now owns 1,486,689 shares of the company's stock worth $46,251,000 after purchasing an additional 846,269 shares during the period. Systematic Financial Management LP boosted its position in shares of Golden Entertainment by 78.2% during the second quarter. Systematic Financial Management LP now owns 283,020 shares of the company's stock worth $8,805,000 after buying an additional 124,218 shares during the period. Peregrine Capital Management LLC boosted its position in shares of Golden Entertainment by 43.0% during the second quarter. Peregrine Capital Management LLC now owns 248,875 shares of the company's stock worth $7,743,000 after buying an additional 74,867 shares during the period. Bernzott Capital Advisors boosted its position in shares of Golden Entertainment by 7.9% during the third quarter. Bernzott Capital Advisors now owns 247,632 shares of the company's stock worth $7,872,000 after buying an additional 18,233 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Golden Entertainment by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 194,693 shares of the company's stock worth $6,057,000 after buying an additional 4,761 shares during the period. Institutional investors and hedge funds own 70.73% of the company's stock.

Golden Entertainment Stock Performance

NASDAQ:GDEN traded up $0.22 during mid-day trading on Wednesday, hitting $33.62. The stock had a trading volume of 413,076 shares, compared to its average volume of 217,627. Golden Entertainment, Inc. has a twelve month low of $27.42 and a twelve month high of $42.14. The stock has a market cap of $922.20 million, a price-to-earnings ratio of 27.27 and a beta of 2.22. The company's 50 day simple moving average is $31.72 and its 200 day simple moving average is $31.00. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11.

Golden Entertainment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.97%. Golden Entertainment's payout ratio is 80.65%.

Analyst Upgrades and Downgrades

GDEN has been the subject of a number of recent research reports. Macquarie reduced their price target on Golden Entertainment from $39.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. B. Riley reduced their target price on shares of Golden Entertainment from $44.00 to $40.00 and set a "buy" rating for the company in a report on Monday, September 23rd. StockNews.com upgraded shares of Golden Entertainment from a "hold" rating to a "buy" rating in a research note on Friday, December 6th. 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. Finally, JMP Securities increased their price target on Golden Entertainment from $35.00 to $36.00 and gave the company a "market outperform" rating in a research report on Monday, November 25th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $37.20.

Insider Activity

In other news, Director Mark A. Lipparelli sold 773 shares of the firm's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $33.32, for a total transaction of $25,756.36. Following the completion of the sale, the director now owns 82,740 shares in the company, valued at approximately $2,756,896.80. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 29.10% of the company's stock.

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.