Gamco Investors INC. ET AL trimmed its stake in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 1.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 755,251 shares of the company's stock after selling 14,124 shares during the quarter. Gamco Investors INC. ET AL owned approximately 2.75% of Golden Entertainment worth $23,866,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in shares of Golden Entertainment by 7.6% during the 3rd 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. HighTower Advisors LLC grew its position in Golden Entertainment by 1.9% in the third quarter. HighTower Advisors LLC now owns 17,580 shares of the company's stock valued at $557,000 after acquiring an additional 333 shares during the period. Jane Street Group LLC raised its stake in shares of Golden Entertainment by 5.2% in the third quarter. Jane Street Group LLC now owns 35,033 shares of the company's stock valued at $1,114,000 after acquiring an additional 1,740 shares during the last quarter. MML Investors Services LLC grew its holdings in Golden Entertainment by 29.1% during the 3rd quarter. MML Investors Services LLC now owns 63,449 shares of the company's stock worth $2,017,000 after acquiring an additional 14,293 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Golden Entertainment by 84.7% during the third quarter. Barclays PLC now owns 48,918 shares of the company's stock valued at $1,556,000 after acquiring an additional 22,440 shares during the period. Institutional investors and hedge funds own 70.73% of the company's stock.
Analyst Upgrades and Downgrades
GDEN has been the topic of several analyst reports. JMP Securities cut their target price on shares of Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating on the stock in a report on Thursday. Jefferies Financial Group upped their price target on shares of Golden Entertainment from $31.00 to $32.00 and gave the company a "hold" rating in a research note 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 reissued an "outperform" rating and set 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 given a buy rating to the company. According to MarketBeat.com, Golden Entertainment currently has an average rating of "Moderate Buy" and an average price target of $36.86.
Check Out Our Latest Analysis on GDEN
Golden Entertainment Price Performance
Shares of NASDAQ GDEN traded up $0.04 during trading hours on Friday, reaching $25.56. 142,213 shares of the stock traded hands, compared to its average volume of 242,922. The company has a market capitalization of $675.68 million, a P/E ratio of 20.61 and a beta of 1.99. The company's 50-day simple moving average is $28.33 and its two-hundred day simple moving average is $30.69. 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 52-week low of $22.66 and a 52-week high of $35.49.
Golden Entertainment Announces Dividend
The company also recently declared 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. The ex-dividend date was Friday, March 21st. This represents a $1.00 annualized dividend and a dividend yield of 3.91%. Golden Entertainment's dividend payout ratio is presently 59.88%.
Golden Entertainment Company Profile
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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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