Golden Entertainment, Inc. (NASDAQ:GDEN) Stock Position Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 603.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,077 shares of the company's stock after buying an additional 42,960 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.18% of Golden Entertainment worth $1,582,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GDEN. BNP Paribas Financial Markets increased its position in Golden Entertainment by 7.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company's stock worth $143,000 after purchasing an additional 317 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Golden Entertainment by 1.9% in the third quarter. HighTower Advisors LLC now owns 17,580 shares of the company's stock worth $557,000 after acquiring an additional 333 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Golden Entertainment by 2.2% in the 4th quarter. Rhumbline Advisers now owns 52,291 shares of the company's stock valued at $1,652,000 after acquiring an additional 1,102 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of Golden Entertainment by 5.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 31,795 shares of the company's stock valued at $1,005,000 after acquiring an additional 1,672 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in Golden Entertainment by 5.2% during the 3rd quarter. Jane Street Group LLC now owns 35,033 shares of the company's stock worth $1,114,000 after purchasing an additional 1,740 shares during the period. Institutional investors and hedge funds own 70.73% of the company's stock.

Golden Entertainment Stock Up 2.5 %

Shares of GDEN stock traded up $0.68 during mid-day trading on Wednesday, reaching $27.46. 140,434 shares of the company were exchanged, compared to its average volume of 234,690. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. The business's 50 day simple moving average is $30.42 and its 200 day simple moving average is $31.31. The company has a market capitalization of $727.99 million, a P/E ratio of 22.15 and a beta of 1.99. Golden Entertainment, Inc. has a fifty-two week low of $25.17 and a fifty-two week high of $36.70.

Golden Entertainment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Friday, March 21st. Golden Entertainment's payout ratio is currently 59.88%.

Analyst Ratings Changes

GDEN has been the topic of several research reports. Wells Fargo & Company initiated coverage on Golden Entertainment in a research report on Monday, December 16th. They issued an "overweight" rating and a $38.00 price objective on the stock. StockNews.com lowered Golden Entertainment from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Macquarie reaffirmed an "outperform" rating and issued a $40.00 price objective on shares of Golden Entertainment in a research report on Friday, February 28th. JMP Securities reissued a "market outperform" rating and set a $36.00 target price on shares of Golden Entertainment in a research report on Thursday, January 16th. Finally, Jefferies Financial Group upped their target price on shares of Golden Entertainment from $31.00 to $32.00 and gave the company a "hold" rating in a research note on Friday, January 3rd. 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 presently has a consensus rating of "Moderate Buy" and an average target price of $36.86.

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.