Jennison Associates LLC lowered its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 540,628 shares of the company's stock after selling 16,470 shares during the period. Jennison Associates LLC owned about 1.91% of Golden Entertainment worth $17,187,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in Golden Entertainment during the second quarter valued at about $34,000. nVerses Capital LLC purchased a new position in Golden Entertainment in the 2nd quarter worth $37,000. Meeder Asset Management Inc. purchased a new stake in Golden Entertainment in the third quarter valued at approximately $42,000. Quarry LP acquired a new stake in shares of Golden Entertainment in the second quarter worth $52,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Golden Entertainment during the second quarter worth $54,000. 70.73% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Golden Entertainment
In other news, Director Mark A. Lipparelli sold 773 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $33.32, for a total value of $25,756.36. Following the completion of the sale, the director now directly owns 82,740 shares in the company, valued at $2,756,896.80. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 29.10% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on GDEN. B. Riley lowered their target price on Golden Entertainment from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, September 23rd. Macquarie lowered their price objective on Golden Entertainment from $39.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Truist Financial cut their target price on shares of Golden Entertainment from $38.00 to $36.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Finally, JMP Securities lowered their price target on shares of Golden Entertainment from $36.00 to $35.00 and set a "market outperform" rating on the stock in a report on Monday, October 14th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Golden Entertainment has an average rating of "Moderate Buy" and a consensus target price of $37.00.
Get Our Latest Analysis on GDEN
Golden Entertainment Price Performance
Shares of GDEN stock traded up $0.19 during trading hours on Friday, hitting $33.88. 260,143 shares of the company's stock were exchanged, compared to its average volume of 251,765. The firm has a 50 day moving average of $31.33 and a two-hundred day moving average of $30.75. Golden Entertainment, Inc. has a fifty-two week low of $27.42 and a fifty-two week high of $42.14. The firm has a market cap of $929.33 million, a P/E ratio of 27.32 and a beta of 2.24. 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 disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, December 20th. This represents a $1.00 annualized dividend and a yield of 2.95%. Golden Entertainment's dividend payout ratio (DPR) is currently 80.65%.
About Golden Entertainment
(
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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