New Age Alpha Advisors LLC Acquires New Stake in Boyd Gaming Co. (NYSE:BYD)

New Age Alpha Advisors LLC purchased a new position in Boyd Gaming Co. (NYSE:BYD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,802 shares of the company's stock, valued at approximately $1,074,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Cerity Partners LLC raised its holdings in shares of Boyd Gaming by 46.3% during the 3rd quarter. Cerity Partners LLC now owns 13,725 shares of the company's stock worth $887,000 after buying an additional 4,345 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Boyd Gaming by 22.6% in the third quarter. BNP Paribas Financial Markets now owns 18,910 shares of the company's stock worth $1,223,000 after acquiring an additional 3,480 shares during the last quarter. Townsquare Capital LLC bought a new position in shares of Boyd Gaming in the third quarter worth about $200,000. Edgestream Partners L.P. acquired a new stake in shares of Boyd Gaming in the 3rd quarter valued at approximately $315,000. Finally, Centiva Capital LP increased its position in Boyd Gaming by 62.1% during the 3rd quarter. Centiva Capital LP now owns 27,688 shares of the company's stock worth $1,790,000 after purchasing an additional 10,608 shares in the last quarter. Institutional investors and hedge funds own 76.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BYD shares. Stifel Nicolaus boosted their target price on shares of Boyd Gaming from $74.00 to $82.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. StockNews.com lowered Boyd Gaming from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 27th. JMP Securities reiterated a "market perform" rating on shares of Boyd Gaming in a research report on Friday, February 7th. Truist Financial reduced their price target on Boyd Gaming from $92.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Barclays raised their price objective on shares of Boyd Gaming from $74.00 to $78.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $95.00.

Boyd Gaming Stock Down 2.4 %

Shares of BYD traded down $1.55 during trading hours on Friday, reaching $61.81. The stock had a trading volume of 1,415,144 shares, compared to its average volume of 959,722. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 9.94, a P/E/G ratio of 4.46 and a beta of 1.55. The firm has a 50-day simple moving average of $72.67 and a 200 day simple moving average of $71.12. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. Boyd Gaming Co. has a 12 month low of $49.34 and a 12 month high of $80.50.

Boyd Gaming (NYSE:BYD - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.75 by $0.21. Boyd Gaming had a net margin of 14.70% and a return on equity of 35.97%. Equities research analysts predict that Boyd Gaming Co. will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a $0.18 dividend. The ex-dividend date is Monday, March 17th. This is an increase from Boyd Gaming's previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 1.16%. Boyd Gaming's dividend payout ratio is 11.58%.

Insider Activity

In related news, Chairman Marianne Boyd Johnson sold 50,000 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $77.68, for a total transaction of $3,884,000.00. Following the transaction, the chairman now directly owns 1,346,628 shares in the company, valued at approximately $104,606,063.04. The trade was a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William R. Boyd sold 15,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $79.32, for a total transaction of $1,189,800.00. Following the completion of the sale, the director now owns 1,472,970 shares of the company's stock, valued at approximately $116,835,980.40. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,125 shares of company stock worth $5,158,490 over the last 90 days. 21.97% of the stock is currently owned by corporate insiders.

Boyd Gaming Company Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.