Sequoia Financial Advisors LLC boosted its position in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 673,667 shares of the company's stock after buying an additional 27,508 shares during the quarter. Sequoia Financial Advisors LLC owned approximately 2.46% of Golden Entertainment worth $21,288,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in Golden Entertainment in the third quarter worth $42,000. BNP Paribas Financial Markets boosted its position in 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 during the period. Empowered Funds LLC lifted its stake in Golden Entertainment by 5.0% in the third quarter. Empowered Funds LLC now owns 8,420 shares of the company's stock valued at $268,000 after buying an additional 402 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Golden Entertainment by 42.5% in the fourth 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 during the last quarter. Finally, Accredited Investors Inc. acquired a new position in shares of Golden Entertainment during the third quarter valued at $374,000. 70.73% of the stock is owned by institutional investors.
Golden Entertainment Trading Down 1.4 %
Shares of NASDAQ GDEN opened at $27.38 on Wednesday. Golden Entertainment, Inc. has a twelve month low of $27.19 and a twelve month high of $36.92. The company's fifty day moving average is $31.94 and its 200-day moving average is $31.86. The stock has a market cap of $725.87 million, a price-to-earnings ratio of 22.08 and a beta of 2.29. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Friday, March 21st. Golden Entertainment's payout ratio is 59.88%.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. 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. Jefferies Financial Group increased their target price 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. Wells Fargo & Company assumed coverage on shares of Golden Entertainment in a report on Monday, December 16th. They issued an "overweight" rating and a $38.00 target price for the company. JMP Securities reissued a "market outperform" rating and issued a $36.00 price objective on shares of Golden Entertainment in a research note on Thursday, January 16th. Finally, StockNews.com cut shares of Golden Entertainment from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $36.86.
Check Out Our Latest Research Report on GDEN
Insider Buying and Selling
In other news, Director Terrence Wright sold 16,586 shares of Golden Entertainment stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $31.26, for a total value of $518,478.36. Following the completion of the transaction, the director now owns 61,616 shares of the company's stock, valued at $1,926,116.16. This trade represents a 21.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 29.10% of the stock is currently owned by corporate insiders.
Golden Entertainment 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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