Golden Entertainment, Inc. (NASDAQ:GDEN) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 41.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,862 shares of the company's stock after selling 22,155 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.12% of Golden Entertainment worth $1,013,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GDEN. Geode Capital Management LLC grew its holdings in shares of Golden Entertainment by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 587,006 shares of the company's stock worth $18,664,000 after purchasing an additional 24,264 shares during the period. Systematic Financial Management LP boosted its stake in Golden Entertainment by 24.5% during the third quarter. Systematic Financial Management LP now owns 352,227 shares of the company's stock worth $11,197,000 after buying an additional 69,207 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Golden Entertainment by 16.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 278,709 shares of the company's stock valued at $8,860,000 after acquiring an additional 38,385 shares during the last quarter. Bernzott Capital Advisors raised its holdings in shares of Golden Entertainment by 7.9% in the 3rd quarter. Bernzott Capital Advisors now owns 247,632 shares of the company's stock valued at $7,872,000 after buying an additional 18,233 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Golden Entertainment by 100.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 163,629 shares of the company's stock worth $5,089,000 after acquiring an additional 82,175 shares in the last quarter. 70.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Terrence Wright sold 16,586 shares of Golden Entertainment stock in a transaction on Friday, December 20th. The shares were sold at an average price of $31.26, for a total value of $518,478.36. Following the transaction, the director now directly owns 61,616 shares of the company's stock, valued at $1,926,116.16. The trade was a 21.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 29.10% of the company's stock.

Golden Entertainment Stock Up 0.9 %

Shares of NASDAQ GDEN traded up $0.29 during midday trading on Friday, hitting $33.03. 120,614 shares of the company's stock were exchanged, compared to its average volume of 123,094. The firm's fifty day simple moving average is $32.48 and its 200-day simple moving average is $31.50. The company has a market cap of $906.01 million, a PE ratio of 26.64 and a beta of 2.22. Golden Entertainment, Inc. has a twelve month low of $27.42 and a twelve month high of $40.25. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.08. Golden Entertainment had a net margin of 5.23% and a return on equity of 0.69%. The company had revenue of $161.23 million for the quarter, compared to analysts' expectations of $162.22 million. During the same quarter last year, the company earned ($0.02) earnings per share. Research analysts predict that Golden Entertainment, Inc. will post 0.2 EPS for the current fiscal year.

Golden Entertainment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th were paid a $0.25 dividend. The ex-dividend date was Friday, December 20th. This represents a $1.00 annualized dividend and a yield of 3.03%. Golden Entertainment's dividend payout ratio is presently 80.65%.

Analyst Ratings Changes

Several analysts have recently issued reports on GDEN shares. Truist Financial reduced their price target on shares of Golden Entertainment from $38.00 to $36.00 and set a "buy" rating on the stock in a research report on Wednesday, October 23rd. Macquarie cut 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. Wells Fargo & Company assumed coverage on 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 restated a "market outperform" rating and set a $36.00 price target on shares of Golden Entertainment in a report on Thursday, January 16th. Finally, Jefferies Financial Group increased their price target on Golden Entertainment from $31.00 to $32.00 and gave the company a "hold" rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $36.57.

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.