Vanguard Group Inc. Increases Stock Holdings in Golden Entertainment, Inc. (NASDAQ:GDEN)

Vanguard Group Inc. increased its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,490,019 shares of the company's stock after buying an additional 57,285 shares during the quarter. Vanguard Group Inc. owned about 5.43% of Golden Entertainment worth $47,085,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GDEN. BNP Paribas Financial Markets grew its holdings in shares of 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 during the period. HighTower Advisors LLC boosted its position in shares of Golden Entertainment by 1.9% during the 3rd quarter. HighTower Advisors LLC now owns 17,580 shares of the company's stock worth $557,000 after purchasing an additional 333 shares during the period. Jane Street Group LLC lifted its position in shares of Golden Entertainment by 5.2% during the third 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 in the last quarter. MML Investors Services LLC increased its position in shares of Golden Entertainment by 29.1% during the third quarter. MML Investors Services LLC now owns 63,449 shares of the company's stock worth $2,017,000 after acquiring an additional 14,293 shares during the period. Finally, Barclays PLC boosted its holdings in Golden Entertainment by 84.7% in the third quarter. Barclays PLC now owns 48,918 shares of the company's stock valued at $1,556,000 after purchasing an additional 22,440 shares during the period. 70.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GDEN shares. JMP Securities reduced their price target on Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating on the stock in a research report on Thursday. Jefferies Financial Group boosted their price target on shares of Golden Entertainment from $31.00 to $32.00 and gave the stock a "hold" rating in a report on Friday, January 3rd. Macquarie restated an "outperform" rating and issued a $40.00 price objective on shares of Golden Entertainment in a report on Friday, February 28th. Finally, StockNews.com downgraded shares of Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.86.

Golden Entertainment Price Performance

Shares of NASDAQ:GDEN traded down $0.10 during midday trading on Thursday, hitting $25.42. 18,135 shares of the stock were exchanged, compared to its average volume of 221,482. The stock has a market cap of $673.91 million, a P/E ratio of 20.50 and a beta of 1.99. Golden Entertainment, Inc. has a twelve month low of $22.66 and a twelve month high of $35.49. The company has a 50 day moving average price of $28.64 and a 200-day moving average price of $30.78. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75.

Golden Entertainment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.93%. 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.