37,652 Shares in Boyd Gaming Co. (NYSE:BYD) Acquired by Versor Investments LP

Versor Investments LP purchased a new stake in Boyd Gaming Co. (NYSE:BYD - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 37,652 shares of the company's stock, valued at approximately $2,434,000.

Several other large investors also recently bought and sold shares of the stock. Sei Investments Co. boosted its position in shares of Boyd Gaming by 14.7% in the 1st quarter. Sei Investments Co. now owns 398,823 shares of the company's stock valued at $26,849,000 after purchasing an additional 51,252 shares during the period. Seven Eight Capital LP acquired a new stake in shares of Boyd Gaming in the first quarter valued at approximately $930,000. Banco Santander S.A. grew its position in shares of Boyd Gaming by 34.0% during the first quarter. Banco Santander S.A. now owns 187,492 shares of the company's stock worth $12,622,000 after acquiring an additional 47,606 shares during the last quarter. Comerica Bank increased its holdings in shares of Boyd Gaming by 103.1% in the 1st quarter. Comerica Bank now owns 42,898 shares of the company's stock valued at $2,888,000 after acquiring an additional 21,772 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in Boyd Gaming by 11,891.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 62,117 shares of the company's stock valued at $4,016,000 after purchasing an additional 61,599 shares during the last quarter. Institutional investors and hedge funds own 76.81% of the company's stock.

Insiders Place Their Bets

In related news, Chairman Marianne Boyd Johnson sold 73,130 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $60.23, for a total value of $4,404,619.90. Following the sale, the chairman now owns 1,423,498 shares of the company's stock, valued at approximately $85,737,284.54. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Josh Hirsberg sold 21,549 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $71.43, for a total value of $1,539,245.07. Following the completion of the transaction, the chief financial officer now directly owns 438,615 shares in the company, valued at approximately $31,330,269.45. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Marianne Boyd Johnson sold 73,130 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $60.23, for a total transaction of $4,404,619.90. Following the transaction, the chairman now owns 1,423,498 shares in the company, valued at approximately $85,737,284.54. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 121,076 shares of company stock worth $7,763,331. Insiders own 27.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BYD. Macquarie dropped their price objective on shares of Boyd Gaming from $72.00 to $68.00 and set a "neutral" rating on the stock in a research note on Friday, July 26th. StockNews.com raised Boyd Gaming from a "buy" rating to a "strong-buy" rating in a research note on Monday, October 28th. Mizuho reiterated an "outperform" rating and issued a $79.00 target price (up from $78.00) on shares of Boyd Gaming in a research note on Friday, October 25th. Morgan Stanley upped their price target on Boyd Gaming from $74.00 to $78.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 22nd. Finally, Stifel Nicolaus lifted their price objective on shares of Boyd Gaming from $67.00 to $74.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $91.38.

Boyd Gaming Price Performance

BYD traded up $0.45 during trading on Monday, reaching $74.12. 756,475 shares of the stock were exchanged, compared to its average volume of 925,845. Boyd Gaming Co. has a 1 year low of $49.34 and a 1 year high of $74.78. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 9.61 and a beta of 1.55. The business's 50 day moving average price is $64.67 and its two-hundred day moving average price is $58.83. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.82 and a quick ratio of 0.79.

Boyd Gaming Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Sunday, September 15th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.68 annualized dividend and a yield of 0.92%. Boyd Gaming's dividend payout ratio (DPR) is currently 12.98%.

About Boyd Gaming

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.