Geode Capital Management LLC reduced its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 490,883 shares of the company's stock after selling 96,123 shares during the period. Geode Capital Management LLC owned 1.79% of Golden Entertainment worth $15,516,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. increased its position in shares of Golden Entertainment by 86.0% during the fourth quarter. Meeder Asset Management Inc. now owns 2,474 shares of the company's stock worth $78,000 after purchasing an additional 1,144 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Golden Entertainment by 36.9% during the 4th quarter. JPMorgan Chase & Co. now owns 43,604 shares of the company's stock worth $1,378,000 after purchasing an additional 11,742 shares during the last quarter. Vanguard Group Inc. boosted its stake in Golden Entertainment by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 1,490,019 shares of the company's stock worth $47,085,000 after purchasing an additional 57,285 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Golden Entertainment by 603.6% during the fourth quarter. Teacher Retirement System of Texas now owns 50,077 shares of the company's stock worth $1,582,000 after buying an additional 42,960 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Golden Entertainment in the fourth quarter valued at about $288,000. Institutional investors and hedge funds own 70.73% of the company's stock.
Golden Entertainment Trading Down 1.4 %
Golden Entertainment stock traded down $0.38 during mid-day trading on Wednesday, hitting $25.98. The company's stock had a trading volume of 152,920 shares, compared to its average volume of 243,242. The stock's fifty day moving average is $28.03 and its two-hundred day moving average is $30.62. 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 firm has a market capitalization of $686.78 million, a PE ratio of 20.95 and a beta of 1.99. Golden Entertainment, Inc. has a 1 year low of $22.66 and a 1 year high of $35.49.
Golden Entertainment Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend was Friday, March 21st. Golden Entertainment's payout ratio is 59.88%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on GDEN shares. JMP Securities dropped their price objective on shares of Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating for the company in a research note on Thursday, April 17th. Jefferies Financial Group increased their price target on Golden Entertainment from $31.00 to $32.00 and gave the company a "hold" rating in a report on Friday, January 3rd. StockNews.com lowered Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Macquarie reaffirmed an "outperform" rating and issued a $40.00 target price on shares of Golden Entertainment in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $36.86.
Get Our Latest Stock Analysis on Golden Entertainment
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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