Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $26.42, but opened at $27.00. Golden Entertainment shares last traded at $26.36, with a volume of 9,491 shares trading hands.
Wall Street Analysts Forecast Growth
Several research firms have commented on GDEN. Wells Fargo & Company assumed coverage on Golden Entertainment in a research note on Monday, December 16th. They set an "overweight" rating and a $38.00 price objective 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. Jefferies Financial Group lifted 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. Macquarie reissued an "outperform" rating and issued a $40.00 price target on shares of Golden Entertainment in a research note on Friday, February 28th. Finally, StockNews.com cut shares of Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.86.
Read Our Latest Analysis on GDEN
Golden Entertainment Price Performance
The stock's 50 day moving average is $31.83 and its two-hundred day moving average is $31.82. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03. The stock has a market capitalization of $681.39 million, a PE ratio of 20.73 and a beta of 2.29.
Golden Entertainment Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.00 annualized dividend and a dividend yield of 3.89%. Golden Entertainment's dividend payout ratio (DPR) is currently 59.88%.
Insider Buying and Selling
In related news, Director Terrence Wright sold 16,586 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $31.26, for a total transaction of $518,478.36. Following the completion of the sale, the director now owns 61,616 shares in the company, 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 at the SEC website. Insiders own 29.10% of the company's stock.
Institutional Investors Weigh In On Golden Entertainment
A number of hedge funds have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Golden Entertainment by 27.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,536 shares of the company's stock valued at $1,881,000 after purchasing an additional 12,712 shares during the last quarter. Vident Advisory LLC increased its position in Golden Entertainment by 6.8% in the fourth quarter. Vident Advisory LLC now owns 15,397 shares of the company's stock worth $487,000 after buying an additional 985 shares during the period. State of Wyoming increased its position in Golden Entertainment by 76.0% in the fourth quarter. State of Wyoming now owns 8,564 shares of the company's stock worth $271,000 after buying an additional 3,697 shares during the period. Systematic Financial Management LP lifted its stake in Golden Entertainment by 3.2% in the fourth quarter. Systematic Financial Management LP now owns 363,625 shares of the company's stock valued at $11,491,000 after buying an additional 11,398 shares during the last quarter. Finally, SG Capital Management LLC acquired a new position in shares of Golden Entertainment during the fourth quarter valued at $677,000. Institutional investors and hedge funds own 70.73% of the company's stock.
About Golden Entertainment
(
Get 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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