Golden Entertainment, Inc. (NASDAQ:GDEN) Shares Sold by Bernzott Capital Advisors

Bernzott Capital Advisors trimmed its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 12.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 217,777 shares of the company's stock after selling 29,855 shares during the period. Golden Entertainment makes up about 3.4% of Bernzott Capital Advisors' holdings, making the stock its 7th largest holding. Bernzott Capital Advisors owned approximately 0.79% of Golden Entertainment worth $6,882,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC increased its position in shares of Golden Entertainment by 84.7% during the 3rd quarter. Barclays PLC now owns 48,918 shares of the company's stock worth $1,556,000 after purchasing an additional 22,440 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Golden Entertainment by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 587,006 shares of the company's stock valued at $18,664,000 after acquiring an additional 24,264 shares during the period. MML Investors Services LLC lifted its holdings in shares of Golden Entertainment by 29.1% in 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. Jane Street Group LLC boosted its position in shares of Golden Entertainment by 5.2% during the 3rd 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. Finally, Systematic Financial Management LP increased its holdings in Golden Entertainment by 24.5% in the 3rd quarter. Systematic Financial Management LP now owns 352,227 shares of the company's stock valued at $11,197,000 after purchasing an additional 69,207 shares during the last quarter. Institutional investors and hedge funds own 70.73% of the company's stock.

Golden Entertainment Stock Up 0.8 %

GDEN traded up $0.26 on Friday, reaching $32.23. The company's stock had a trading volume of 136,923 shares, compared to its average volume of 145,748. 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 fifty-two week low of $27.42 and a fifty-two week high of $40.55. The stock has a 50 day moving average of $32.54 and a two-hundred day moving average of $31.32. The company has a market capitalization of $884.07 million, a price-to-earnings ratio of 25.99 and a beta of 2.22.

Golden Entertainment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 20th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.10%. Golden Entertainment's dividend payout ratio (DPR) is presently 80.65%.

Analyst Upgrades and Downgrades

GDEN has been the subject of a number of research reports. Jefferies Financial Group lifted their price objective on Golden Entertainment from $31.00 to $32.00 and gave the company 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. Macquarie cut their target price on shares of Golden Entertainment from $39.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. B. Riley dropped their price target on shares of Golden Entertainment from $44.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, September 23rd. Finally, StockNews.com lowered Golden Entertainment from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $36.57.

Insider Buying and Selling at Golden Entertainment

In related news, Director Terrence Wright sold 16,586 shares of the company's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $31.26, for a total value of $518,478.36. Following the completion of the sale, the director now directly owns 61,616 shares of the company's stock, valued at $1,926,116.16. This represents a 21.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 29.10% of the stock is currently owned by insiders.

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.