American Century Companies Inc. Sells 20,763 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

American Century Companies Inc. trimmed its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,123 shares of the company's stock after selling 20,763 shares during the quarter. American Century Companies Inc. owned about 1.04% of Golden Entertainment worth $8,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. BNP Paribas Financial Markets increased its stake in shares of Golden Entertainment by 7.6% during the third quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company's stock valued at $143,000 after purchasing an additional 317 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Golden Entertainment in the 4th quarter worth approximately $288,000. Nisa Investment Advisors LLC increased its position in Golden Entertainment by 42.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,190 shares of the company's stock valued at $325,000 after buying an additional 3,037 shares in the last quarter. HighTower Advisors LLC raised its stake in Golden Entertainment by 1.9% during the third quarter. HighTower Advisors LLC now owns 17,580 shares of the company's stock valued at $557,000 after buying an additional 333 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Golden Entertainment in the fourth quarter worth $608,000. 70.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GDEN. StockNews.com downgraded Golden Entertainment from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Macquarie restated an "outperform" rating and set a $40.00 price objective on shares of Golden Entertainment in a research note on Friday, February 28th. Jefferies Financial Group upped their target price on shares of Golden Entertainment from $31.00 to $32.00 and gave the stock a "hold" rating in a research note on Friday, January 3rd. JMP Securities reissued a "market outperform" rating and set a $36.00 price target on shares of Golden Entertainment in a research report on Thursday, January 16th. Finally, Wells Fargo & Company initiated coverage on shares of Golden Entertainment in a report on Monday, December 16th. They issued an "overweight" rating and a $38.00 price objective for the company. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $36.86.

Golden Entertainment Stock Performance

Shares of GDEN traded up $0.43 during mid-day trading on Monday, hitting $25.03. 377,257 shares of the company traded hands, compared to its average volume of 238,274. The stock has a market cap of $663.57 million, a price-to-earnings ratio of 20.19 and a beta of 1.99. The stock has a 50-day moving average price of $29.94 and a two-hundred day moving average price of $31.14. Golden Entertainment, Inc. has a 1 year low of $22.66 and a 1 year high of $36.40. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11.

Golden Entertainment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.00 dividend on an annualized basis and a yield of 4.00%. Golden Entertainment's dividend payout ratio is presently 59.88%.

Golden Entertainment Company 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.