Bernzott Capital Advisors Purchases 18,233 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

Bernzott Capital Advisors raised its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 7.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 247,632 shares of the company's stock after acquiring an additional 18,233 shares during the quarter. Golden Entertainment comprises approximately 3.4% of Bernzott Capital Advisors' portfolio, making the stock its 12th biggest holding. Bernzott Capital Advisors owned approximately 0.86% of Golden Entertainment worth $7,872,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GDEN. Jennison Associates LLC grew its position in shares of Golden Entertainment by 31.4% during the 1st quarter. Jennison Associates LLC now owns 545,014 shares of the company's stock valued at $20,073,000 after purchasing an additional 130,204 shares in the last quarter. William Blair Investment Management LLC grew its position in shares of Golden Entertainment by 21.1% during the 1st quarter. William Blair Investment Management LLC now owns 640,420 shares of the company's stock valued at $23,587,000 after purchasing an additional 111,701 shares in the last quarter. Systematic Financial Management LP grew its position in shares of Golden Entertainment by 78.2% during the 2nd quarter. Systematic Financial Management LP now owns 283,020 shares of the company's stock valued at $8,805,000 after purchasing an additional 124,218 shares in the last quarter. Peregrine Capital Management LLC grew its position in Golden Entertainment by 43.0% in the second quarter. Peregrine Capital Management LLC now owns 248,875 shares of the company's stock worth $7,743,000 after acquiring an additional 74,867 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Golden Entertainment in the second quarter worth $263,000. Institutional investors own 70.73% of the company's stock.

Golden Entertainment Stock Down 0.3 %

GDEN traded down $0.08 during midday trading on Tuesday, reaching $30.94. The company's stock had a trading volume of 100,496 shares, compared to its average volume of 208,139. The firm has a market capitalization of $895.68 million, a price-to-earnings ratio of 3.34 and a beta of 2.23. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 0.72. Golden Entertainment, Inc. has a 1 year low of $27.42 and a 1 year high of $42.14. The stock's 50-day moving average is $31.25 and its 200-day moving average is $30.88.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.16 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 firm had revenue of $167.33 million for the quarter, compared to analysts' expectations of $176.34 million. As a group, research analysts expect that Golden Entertainment, Inc. will post 0.14 EPS for the current year.

Golden Entertainment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Tuesday, September 17th. Golden Entertainment's dividend payout ratio (DPR) is 10.79%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GDEN. 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 research report on Wednesday, October 23rd. Macquarie lowered their price target on shares of Golden Entertainment from $41.00 to $39.00 and set an "outperform" rating for the company in a research note on Friday, October 4th. JMP Securities lowered their price target on shares of Golden Entertainment from $36.00 to $35.00 and set a "market outperform" rating for the company in a research note on Monday, October 14th. StockNews.com downgraded shares of Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Wednesday, July 24th. Finally, B. Riley lowered their price target on shares of Golden Entertainment from $44.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, September 23rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $37.20.

Insider Activity at Golden Entertainment

In related news, Director Mark A. Lipparelli sold 773 shares of Golden Entertainment stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $33.32, for a total transaction of $25,756.36. Following the transaction, the director now owns 82,740 shares in the company, valued at approximately $2,756,896.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 29.10% of the stock is owned by corporate insiders.

About Golden Entertainment

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.