Proficio Capital Partners LLC purchased a new stake in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 19,244 shares of the company's stock, valued at approximately $608,000. Proficio Capital Partners LLC owned about 0.07% of Golden Entertainment at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its holdings 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 valued at $7,636,000 after acquiring an additional 66,061 shares in the last quarter. New York State Common Retirement Fund grew its stake in Golden Entertainment by 5.4% in 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 purchasing an additional 19,587 shares in the last quarter. Rhumbline Advisers increased its position in shares of Golden Entertainment by 2.2% during the 4th quarter. Rhumbline Advisers now owns 52,291 shares of the company's stock worth $1,652,000 after purchasing an additional 1,102 shares during the last quarter. DAVENPORT & Co LLC increased its position in shares of Golden Entertainment by 26.6% during the 4th quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company's stock worth $40,864,000 after purchasing an additional 271,782 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Golden Entertainment by 5.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 31,795 shares of the company's stock valued at $1,005,000 after buying an additional 1,672 shares during the last quarter. 70.73% of the stock is owned by institutional investors.
Golden Entertainment Stock Performance
Shares of Golden Entertainment stock traded down $1.25 on Thursday, hitting $25.17. The stock had a trading volume of 237,817 shares, compared to its average volume of 187,342. The stock has a market cap of $667.39 million, a price-to-earnings ratio of 20.30 and a beta of 2.29. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. Golden Entertainment, Inc. has a twelve month low of $25.22 and a twelve month high of $36.92. The business's 50 day moving average is $31.83 and its two-hundred day moving average is $31.82.
Golden Entertainment Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.97%. The ex-dividend date is Friday, March 21st. Golden Entertainment's payout ratio is 59.88%.
Analyst Ratings Changes
A number of equities analysts recently weighed in on GDEN shares. StockNews.com downgraded shares of Golden Entertainment from a "buy" rating to a "hold" rating in a report on Friday, February 28th. JMP Securities reaffirmed a "market outperform" rating and issued a $36.00 target price on shares of Golden Entertainment in a report on Thursday, January 16th. Wells Fargo & Company assumed coverage on Golden Entertainment in a report on Monday, December 16th. They set an "overweight" rating and a $38.00 price target for the company. Macquarie restated an "outperform" rating and issued a $40.00 price objective on shares of Golden Entertainment in a research note on Friday, February 28th. Finally, Jefferies Financial Group boosted their target price on Golden Entertainment from $31.00 to $32.00 and gave the stock a "hold" rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $36.86.
Check Out Our Latest Report on GDEN
Insider Transactions at Golden Entertainment
In related news, Director Terrence Wright sold 16,586 shares of the company's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $31.26, for a total value of $518,478.36. Following the transaction, the director now directly owns 61,616 shares in the company, valued at approximately $1,926,116.16. This represents a 21.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 29.10% of the company's stock.
Golden Entertainment 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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