Proficio Capital Partners LLC acquired a new position in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 19,244 shares of the company's stock, valued at approximately $608,000. Proficio Capital Partners LLC owned 0.07% of Golden Entertainment at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of GDEN. Victory Capital Management Inc. increased its stake in Golden Entertainment by 8.1% in the 4th quarter. Victory Capital Management Inc. now owns 29,751 shares of the company's stock worth $940,000 after purchasing an additional 2,226 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Golden Entertainment by 10.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 309,196 shares of the company's stock valued at $9,771,000 after buying an additional 30,487 shares during the period. Mutual of America Capital Management LLC increased its position in Golden Entertainment by 4.7% during the 4th quarter. Mutual of America Capital Management LLC now owns 252,882 shares of the company's stock valued at $7,991,000 after purchasing an additional 11,259 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Golden Entertainment by 37.6% in the 4th quarter. Bank of New York Mellon Corp now owns 241,658 shares of the company's stock worth $7,636,000 after purchasing an additional 66,061 shares during the period. Finally, New York State Common Retirement Fund increased its position in shares of Golden Entertainment by 5.4% during the fourth quarter. New York State Common Retirement Fund now owns 384,739 shares of the company's stock valued at $12,158,000 after buying an additional 19,587 shares during the period. Institutional investors own 70.73% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. JMP Securities reaffirmed a "market outperform" rating and set a $36.00 target price on shares of Golden Entertainment in a research note on Thursday, January 16th. Jefferies Financial Group lifted their target price on shares of Golden Entertainment from $31.00 to $32.00 and gave the stock a "hold" rating in a research report on Friday, January 3rd. Macquarie restated an "outperform" rating and issued a $40.00 price target on shares of Golden Entertainment in a research note on Friday, February 28th. StockNews.com downgraded Golden Entertainment from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Finally, Wells Fargo & Company started coverage on Golden Entertainment in a research note on Monday, December 16th. They set an "overweight" rating and a $38.00 price target for the company. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Golden Entertainment has an average rating of "Moderate Buy" and a consensus price target of $36.86.
Read Our Latest Report on GDEN
Golden Entertainment Price Performance
Shares of GDEN stock traded up $0.27 on Thursday, hitting $27.56. 179,232 shares of the stock traded hands, compared to its average volume of 224,264. 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, Inc. has a 52 week low of $25.17 and a 52 week high of $36.92. The firm has a 50 day simple moving average of $30.98 and a two-hundred day simple moving average of $31.48. The firm has a market cap of $730.64 million, a price-to-earnings ratio of 22.23 and a beta of 2.29.
Golden Entertainment Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Friday, March 21st. Golden Entertainment's dividend payout ratio (DPR) is 59.88%.
About Golden Entertainment
(
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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