Charles Schwab Investment Management Inc. boosted its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 10.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 309,196 shares of the company's stock after buying an additional 30,487 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.13% of Golden Entertainment worth $9,771,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in Golden Entertainment by 7.6% in the third quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company's stock valued at $143,000 after acquiring an additional 317 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Golden Entertainment by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 8,420 shares of the company's stock worth $268,000 after purchasing an additional 402 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Golden Entertainment by 42.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,190 shares of the company's stock valued at $325,000 after purchasing an additional 3,037 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Golden Entertainment by 1.9% during the third quarter. HighTower Advisors LLC now owns 17,580 shares of the company's stock worth $557,000 after buying an additional 333 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in Golden Entertainment during the fourth quarter worth $608,000. 70.73% of the stock is currently owned by institutional investors and hedge funds.
Golden Entertainment Stock Down 1.7 %
Shares of GDEN traded down $0.48 during trading hours on Wednesday, reaching $27.29. The stock had a trading volume of 150,497 shares, compared to its average volume of 224,249. The firm has a 50-day simple moving average of $31.08 and a 200 day simple moving average of $31.51. Golden Entertainment, Inc. has a 12 month low of $25.17 and a 12 month high of $36.92. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $723.49 million, a price-to-earnings ratio of 22.01 and a beta of 2.29.
Golden Entertainment Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Friday, March 21st. Golden Entertainment's dividend payout ratio (DPR) is 59.88%.
Analyst Ratings Changes
A number of brokerages have commented on GDEN. Wells Fargo & Company started coverage on shares of Golden Entertainment in a research report on Monday, December 16th. They set an "overweight" rating and a $38.00 price target on the stock. Macquarie restated an "outperform" rating and set a $40.00 target price on shares of Golden Entertainment in a research report on Friday, February 28th. JMP Securities reiterated a "market outperform" rating and issued a $36.00 target price on shares of Golden Entertainment in a report on Thursday, January 16th. Jefferies Financial Group increased their price target on Golden Entertainment from $31.00 to $32.00 and gave the stock a "hold" rating in a report on Friday, January 3rd. Finally, StockNews.com lowered shares of Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Golden Entertainment has a consensus rating of "Moderate Buy" and an average price target of $36.86.
Check Out Our Latest Analysis on GDEN
Golden Entertainment Company Profile
(
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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