AQR Capital Management LLC Has $1.90 Million Stock Holdings in Golden Entertainment, Inc. (NASDAQ:GDEN)

AQR Capital Management LLC boosted its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 274.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 61,182 shares of the company's stock after acquiring an additional 44,827 shares during the period. AQR Capital Management LLC owned 0.21% of Golden Entertainment worth $1,903,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Inscription Capital LLC bought a new position in shares of Golden Entertainment during the first quarter worth $226,000. Principal Financial Group Inc. grew its stake in Golden Entertainment by 0.9% in the first quarter. Principal Financial Group Inc. now owns 620,654 shares of the company's stock valued at $22,859,000 after acquiring an additional 5,446 shares during the period. Jennison Associates LLC increased its holdings in shares of Golden Entertainment by 31.4% in the first quarter. Jennison Associates LLC now owns 545,014 shares of the company's stock worth $20,073,000 after acquiring an additional 130,204 shares in the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of Golden Entertainment by 15.4% in the first quarter. Illinois Municipal Retirement Fund now owns 14,212 shares of the company's stock worth $523,000 after acquiring an additional 1,896 shares in the last quarter. Finally, William Blair Investment Management LLC raised its position in shares of Golden Entertainment by 21.1% during the first quarter. William Blair Investment Management LLC now owns 640,420 shares of the company's stock worth $23,587,000 after purchasing an additional 111,701 shares during the period. Institutional investors and hedge funds own 70.73% of the company's stock.

Insider Transactions at Golden Entertainment

In related news, Director Mark A. Lipparelli sold 773 shares of the firm's stock in a transaction on 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 transaction, the director now directly owns 82,740 shares of the company's stock, valued at approximately $2,756,896.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 29.10% of the company's stock.

Golden Entertainment Stock Down 2.8 %

Golden Entertainment stock traded down $0.85 during mid-day trading on Thursday, reaching $29.00. The company's stock had a trading volume of 161,432 shares, compared to its average volume of 214,280. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.73 and a current ratio of 0.77. Golden Entertainment, Inc. has a 12 month low of $27.42 and a 12 month high of $42.14. The business's 50 day simple moving average is $30.97 and its 200 day simple moving average is $31.42. The company has a market capitalization of $839.52 million, a price-to-earnings ratio of 3.22 and a beta of 2.23.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.06). Golden Entertainment had a net margin of 33.07% and a negative return on equity of 0.33%. The company had revenue of $167.33 million during the quarter, compared to analyst estimates of $176.34 million. As a group, research analysts anticipate that Golden Entertainment, Inc. will post 0.23 earnings per share for the current year.

Golden Entertainment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Tuesday, September 17th. Golden Entertainment's dividend payout ratio (DPR) is 10.79%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JMP Securities lowered their target price on Golden Entertainment from $39.00 to $36.00 and set a "market outperform" rating for the company in a research note on Friday, August 9th. Truist Financial lowered their price objective on shares of Golden Entertainment from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, August 9th. StockNews.com cut shares of Golden Entertainment from a "buy" rating to a "hold" rating in a research report on Wednesday, July 24th. B. Riley lowered their target price on Golden Entertainment from $44.00 to $40.00 and set a "buy" rating for the company in a report on Monday, September 23rd. Finally, Macquarie dropped their price target on Golden Entertainment from $41.00 to $39.00 and set an "outperform" rating on the stock in a research note on Friday, October 4th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Golden Entertainment currently has a consensus rating of "Moderate Buy" and an average target price of $37.80.

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.