Mutual of America Capital Management LLC increased its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 252,882 shares of the company's stock after acquiring an additional 11,259 shares during the period. Mutual of America Capital Management LLC owned about 0.92% of Golden Entertainment worth $7,991,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in shares of Golden Entertainment during the 3rd quarter worth about $42,000. BNP Paribas Financial Markets raised its stake in shares of Golden Entertainment by 7.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company's stock worth $143,000 after purchasing an additional 317 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Golden Entertainment by 6.4% during the 3rd quarter. New York State Teachers Retirement System now owns 8,230 shares of the company's stock worth $262,000 after purchasing an additional 494 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Golden Entertainment by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 8,420 shares of the company's stock worth $268,000 after purchasing an additional 402 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Golden Entertainment by 42.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,190 shares of the company's stock worth $325,000 after purchasing an additional 3,037 shares in the last quarter. 70.73% of the stock is owned by hedge funds and other institutional investors.
Golden Entertainment Stock Performance
GDEN traded down $1.10 during midday trading on Thursday, reaching $28.95. The company's stock had a trading volume of 60,017 shares, compared to its average volume of 175,883. The stock has a market cap of $794.04 million, a P/E ratio of 23.36 and a beta of 2.21. The company has a fifty day simple moving average of $32.19 and a 200 day simple moving average of $31.92. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. Golden Entertainment, Inc. has a twelve month low of $27.42 and a twelve month high of $36.92.
Golden Entertainment Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Friday, March 21st. Golden Entertainment's dividend payout ratio (DPR) is currently 59.88%.
Insider Buying and Selling at Golden Entertainment
In other Golden Entertainment news, Director Terrence Wright sold 16,586 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $31.26, for a total value of $518,478.36. Following the sale, 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 transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 29.10% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently weighed in on GDEN. StockNews.com downgraded Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Macquarie reissued an "outperform" rating and set a $40.00 price objective on shares of Golden Entertainment in a report on Friday, February 28th. JMP Securities reissued a "market outperform" rating and set a $36.00 price objective on shares of Golden Entertainment in a report on Thursday, January 16th. Jefferies Financial Group increased their price objective on Golden Entertainment from $31.00 to $32.00 and gave the company a "hold" rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company started coverage on Golden Entertainment in a report on Monday, December 16th. They set an "overweight" rating and a $38.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $36.86.
Read Our Latest Research Report on Golden Entertainment
Golden Entertainment Company Profile
(
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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