Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) Director Terrence Wright sold 16,586 shares of the company's stock in a transaction on Friday, December 20th. The stock was sold at an average price of $31.26, for a total transaction of $518,478.36. Following the sale, the director now directly owns 61,616 shares of the company's stock, valued at approximately $1,926,116.16. This represents a 21.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Golden Entertainment Stock Performance
Shares of GDEN stock traded up $0.05 during mid-day trading on Friday, reaching $31.12. The stock had a trading volume of 1,081,751 shares, compared to its average volume of 221,847. The firm has a market cap of $853.59 million, a PE ratio of 25.10 and a beta of 2.22. 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, Inc. has a one year low of $27.42 and a one year high of $40.85. The firm's 50 day simple moving average is $32.06 and its 200 day simple moving average is $31.15.
Golden Entertainment Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.21%. Golden Entertainment's dividend payout ratio is currently 80.65%.
Institutional Investors Weigh In On Golden Entertainment
Institutional investors and hedge funds have recently bought and sold shares of the business. William Blair Investment Management LLC lifted its holdings in Golden Entertainment by 132.1% during the 2nd quarter. William Blair Investment Management LLC now owns 1,486,689 shares of the company's stock valued at $46,251,000 after purchasing an additional 846,269 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Golden Entertainment by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 587,006 shares of the company's stock worth $18,664,000 after acquiring an additional 24,264 shares in the last quarter. Systematic Financial Management LP boosted its holdings in shares of Golden Entertainment by 24.5% in the 3rd quarter. Systematic Financial Management LP now owns 352,227 shares of the company's stock worth $11,197,000 after acquiring an additional 69,207 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Golden Entertainment by 16.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,709 shares of the company's stock worth $8,860,000 after acquiring an additional 38,385 shares during the last quarter. Finally, Peregrine Capital Management LLC increased its holdings in Golden Entertainment by 43.0% during the 2nd quarter. Peregrine Capital Management LLC now owns 248,875 shares of the company's stock valued at $7,743,000 after purchasing an additional 74,867 shares in the last quarter. Institutional investors own 70.73% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. StockNews.com downgraded Golden Entertainment from a "buy" rating to a "hold" rating in a research report on Tuesday. Wells Fargo & Company began coverage on Golden Entertainment in a report on Monday. They issued an "overweight" rating and a $38.00 target price on the stock. B. Riley cut their price target on Golden Entertainment from $44.00 to $40.00 and set a "buy" rating for the company in a report on Monday, September 23rd. Macquarie reduced their price objective 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. Finally, JMP Securities boosted their target price on shares of Golden Entertainment from $35.00 to $36.00 and gave the stock a "market outperform" rating in a research report on Monday, November 25th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $37.33.
Read Our Latest Stock Analysis on GDEN
About Golden Entertainment
(
Get 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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