Russell Investments Group Ltd. Buys 72,588 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

Russell Investments Group Ltd. boosted its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 61.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190,033 shares of the company's stock after buying an additional 72,588 shares during the period. Russell Investments Group Ltd. owned approximately 0.69% of Golden Entertainment worth $6,005,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Sequoia Financial Advisors LLC raised its stake in Golden Entertainment by 4.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 673,667 shares of the company's stock valued at $21,288,000 after purchasing an additional 27,508 shares during the last quarter. Barclays PLC raised its position in shares of Golden Entertainment by 84.7% during the third quarter. Barclays PLC now owns 48,918 shares of the company's stock valued at $1,556,000 after buying an additional 22,440 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Golden Entertainment by 4.3% in the third quarter. Geode Capital Management LLC now owns 587,006 shares of the company's stock valued at $18,664,000 after buying an additional 24,264 shares during the period. BNP Paribas Financial Markets grew its position in Golden Entertainment by 7.6% during the third quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company's stock worth $143,000 after buying an additional 317 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in 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 acquiring an additional 30,487 shares during the period. 70.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on GDEN shares. Jefferies Financial Group raised their price objective on Golden Entertainment from $31.00 to $32.00 and gave the stock a "hold" rating in a research report on Friday, January 3rd. JMP Securities reduced their target price on Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating for the company in a research report on Thursday. Macquarie reiterated an "outperform" rating and set a $40.00 price target on shares of Golden Entertainment in a research note on Friday, February 28th. Finally, StockNews.com cut shares of Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $36.86.

Golden Entertainment Trading Up 0.2 %

Golden Entertainment stock traded up $0.04 during midday trading on Friday, hitting $25.56. 142,213 shares of the stock were exchanged, compared to its average volume of 242,438. Golden Entertainment, Inc. has a 52 week low of $22.66 and a 52 week high of $35.49. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $675.68 million, a PE ratio of 20.61 and a beta of 1.99. The company has a fifty day simple moving average of $28.48 and a two-hundred day simple moving average of $30.73.

Golden Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend was Friday, March 21st. Golden Entertainment's dividend payout ratio (DPR) is 59.88%.

Golden Entertainment Company 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.