DAVENPORT & Co LLC raised its stake in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 26.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,293,163 shares of the company's stock after purchasing an additional 271,782 shares during the period. DAVENPORT & Co LLC owned 4.71% of Golden Entertainment worth $40,864,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of GDEN. Meeder Asset Management Inc. bought a new stake in shares of Golden Entertainment in the third quarter valued at about $42,000. Quarry LP bought a new stake in shares of Golden Entertainment in the second quarter valued at about $52,000. BNP Paribas Financial Markets boosted its position in shares of 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 period. Hsbc Holdings PLC bought a new stake in shares of Golden Entertainment in the second quarter valued at about $228,000. Finally, New York State Teachers Retirement System boosted its position in shares of Golden Entertainment by 6.4% in the third quarter. New York State Teachers Retirement System now owns 8,230 shares of the company's stock valued at $262,000 after acquiring an additional 494 shares during the period. Institutional investors own 70.73% of the company's stock.
Golden Entertainment Stock Performance
GDEN traded up $0.45 during trading hours on Wednesday, hitting $32.77. The stock had a trading volume of 34,871 shares, compared to its average volume of 128,581. The company's fifty day simple moving average is $32.37 and its 200 day simple moving average is $31.62. Golden Entertainment, Inc. has a 1 year low of $27.42 and a 1 year high of $39.92. The stock has a market cap of $898.88 million, a PE ratio of 26.43 and a beta of 2.21. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75.
Golden Entertainment (NASDAQ:GDEN - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.08. Golden Entertainment had a return on equity of 0.69% and a net margin of 5.23%. The company had revenue of $161.23 million during the quarter, compared to analyst estimates of $162.22 million. During the same quarter last year, the firm posted ($0.02) EPS. Equities analysts anticipate that Golden Entertainment, Inc. will post 0.2 earnings per share for the current year.
Wall Street Analysts Forecast Growth
GDEN has been the subject of several recent analyst reports. Truist Financial cut 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 report on Wednesday, October 23rd. StockNews.com downgraded shares of Golden Entertainment from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Macquarie decreased their target price on shares of Golden Entertainment from $39.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. JMP Securities reissued a "market outperform" rating and set a $36.00 target price on shares of Golden Entertainment in a research report on Thursday, January 16th. Finally, Jefferies Financial Group raised their price objective on shares of Golden Entertainment from $31.00 to $32.00 and gave the stock a "hold" rating in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Golden Entertainment currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.57.
View Our Latest Analysis on Golden Entertainment
Insider Buying and Selling
In related news, Director Terrence Wright sold 16,586 shares of Golden Entertainment 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 completion of the sale, the director now owns 61,616 shares of the company's stock, valued at approximately $1,926,116.16. This trade represents a 21.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 29.10% of the stock is currently owned by insiders.
About Golden Entertainment
(
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.
Featured Articles
Before you consider Golden Entertainment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Golden Entertainment wasn't on the list.
While Golden Entertainment currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
