Systematic Financial Management LP Buys 69,207 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

Systematic Financial Management LP grew its position in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 24.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 352,227 shares of the company's stock after acquiring an additional 69,207 shares during the quarter. Systematic Financial Management LP owned 1.28% of Golden Entertainment worth $11,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD purchased a new position in shares of Golden Entertainment in the 1st quarter worth approximately $214,000. SG Americas Securities LLC purchased a new position in shares of Golden Entertainment in the 2nd quarter worth approximately $263,000. Assenagon Asset Management S.A. boosted its holdings in shares of Golden Entertainment by 2,745.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 183,156 shares of the company's stock worth $5,698,000 after purchasing an additional 176,720 shares during the period. SummerHaven Investment Management LLC boosted its holdings in shares of Golden Entertainment by 3.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 18,120 shares of the company's stock worth $564,000 after purchasing an additional 524 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Golden Entertainment by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 194,693 shares of the company's stock worth $6,057,000 after purchasing an additional 4,761 shares during the period. Institutional investors own 70.73% of the company's stock.

Insiders Place Their Bets

In other Golden Entertainment news, Director Mark A. Lipparelli sold 773 shares of the company's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $33.32, for a total value of $25,756.36. Following the completion of the sale, the director now directly owns 82,740 shares in the company, valued at approximately $2,756,896.80. This represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 29.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GDEN shares. StockNews.com upgraded Golden Entertainment from a "hold" rating to a "buy" rating in a report on Friday. Macquarie dropped their target price on Golden Entertainment from $39.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, November 8th. B. Riley dropped their target price on Golden Entertainment from $44.00 to $40.00 and set a "buy" rating for the company in a report on Monday, September 23rd. Truist Financial dropped their price objective on Golden Entertainment from $38.00 to $36.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Finally, JMP Securities boosted their price objective on Golden Entertainment from $35.00 to $36.00 and gave the company a "market outperform" rating in a report on Monday, November 25th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Golden Entertainment currently has an average rating of "Buy" and a consensus target price of $37.20.

Golden Entertainment Trading Down 0.1 %

GDEN traded down $0.02 during trading hours on Friday, reaching $33.46. 141,266 shares of the company's stock traded hands, compared to its average volume of 216,987. The firm has a 50-day moving average price of $31.65 and a 200 day moving average price of $30.91. Golden Entertainment, Inc. has a 52-week low of $27.42 and a 52-week high of $42.14. 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 firm has a market capitalization of $917.81 million, a PE ratio of 26.98 and a beta of 2.22.

Golden Entertainment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Friday, December 20th. Golden Entertainment's dividend payout ratio is 80.65%.

Golden Entertainment 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.