JPMorgan Chase & Co. Purchases 11,742 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

JPMorgan Chase & Co. raised its stake in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 36.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,604 shares of the company's stock after buying an additional 11,742 shares during the quarter. JPMorgan Chase & Co. owned 0.16% of Golden Entertainment worth $1,378,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GDEN. Rhumbline Advisers raised its position in shares of Golden Entertainment by 2.2% in the 4th quarter. Rhumbline Advisers now owns 52,291 shares of the company's stock valued at $1,652,000 after acquiring an additional 1,102 shares during the period. Exchange Traded Concepts LLC increased its stake in Golden Entertainment by 5.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 31,795 shares of the company's stock valued at $1,005,000 after purchasing an additional 1,672 shares in the last quarter. Jane Street Group LLC raised its holdings in Golden Entertainment by 5.2% in the third quarter. Jane Street Group LLC now owns 35,033 shares of the company's stock worth $1,114,000 after purchasing an additional 1,740 shares during the period. Victory Capital Management Inc. boosted its position in shares of Golden Entertainment by 8.1% during the fourth quarter. Victory Capital Management Inc. now owns 29,751 shares of the company's stock worth $940,000 after purchasing an additional 2,226 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Golden Entertainment by 42.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 10,190 shares of the company's stock worth $325,000 after purchasing an additional 3,037 shares in the last quarter. Institutional investors own 70.73% of the company's stock.

Golden Entertainment Stock Up 1.3 %

Shares of GDEN stock traded up $0.33 during trading on Tuesday, reaching $26.20. The company's stock had a trading volume of 151,843 shares, compared to its average volume of 240,131. Golden Entertainment, Inc. has a one year low of $22.66 and a one year high of $35.49. The business has a fifty day moving average price of $27.41 and a 200-day moving average price of $30.52. The company has a market cap of $692.60 million, a price-to-earnings ratio of 21.13 and a beta of 1.99. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were paid a dividend of $0.25 per share. The ex-dividend date was Friday, March 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.82%. Golden Entertainment's dividend payout ratio is 59.88%.

Analyst Upgrades and Downgrades

Several analysts recently commented on GDEN shares. Macquarie reaffirmed an "outperform" rating and set a $40.00 price objective on shares of Golden Entertainment in a research note on Friday, February 28th. StockNews.com lowered Golden Entertainment from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. JMP Securities decreased their price objective on Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating for the company in a research report on Thursday, April 17th. Finally, Jefferies Financial Group increased their target price on Golden Entertainment from $31.00 to $32.00 and gave the stock a "hold" rating in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $36.86.

Golden Entertainment Profile

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.