Boyd Gaming Co. (NYSE:BYD) Shares Sold by Versor Investments LP

Versor Investments LP cut its stake in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 20.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,870 shares of the company's stock after selling 7,782 shares during the period. Versor Investments LP's holdings in Boyd Gaming were worth $2,167,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BYD. Rhumbline Advisers grew its holdings in shares of Boyd Gaming by 1.0% during the 4th quarter. Rhumbline Advisers now owns 185,714 shares of the company's stock worth $13,472,000 after purchasing an additional 1,797 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of Boyd Gaming by 25.3% in the third quarter. Sanctuary Advisors LLC now owns 47,369 shares of the company's stock worth $3,062,000 after purchasing an additional 9,565 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Boyd Gaming by 226.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 202,824 shares of the company's stock valued at $14,569,000 after buying an additional 140,707 shares during the last quarter. Weiss Asset Management LP acquired a new stake in Boyd Gaming during the 3rd quarter valued at approximately $7,101,000. Finally, Quadrature Capital Ltd increased its position in shares of Boyd Gaming by 201.3% during the third quarter. Quadrature Capital Ltd now owns 49,951 shares of the company's stock worth $3,229,000 after buying an additional 33,374 shares during the period. 76.81% of the stock is currently owned by institutional investors.

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Insider Activity

In other Boyd Gaming news, Director Christine J. Spadafor sold 660 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $75.68, for a total transaction of $49,948.80. Following the completion of the sale, the director now directly owns 5,977 shares of the company's stock, valued at approximately $452,339.36. This represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William R. Boyd sold 15,000 shares of Boyd Gaming stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $79.32, for a total value of $1,189,800.00. Following the transaction, the director now directly owns 1,472,970 shares in the company, valued at approximately $116,835,980.40. The trade was a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,660 shares of company stock worth $5,123,749 over the last three months. 27.94% of the stock is currently owned by corporate insiders.

Boyd Gaming Trading Down 2.7 %

BYD stock traded down $2.09 during trading on Monday, hitting $74.17. 819,699 shares of the company traded hands, compared to its average volume of 932,497. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82. The company has a 50-day moving average of $75.15 and a 200-day moving average of $69.74. The firm has a market capitalization of $6.21 billion, a PE ratio of 11.92, a P/E/G ratio of 4.46 and a beta of 1.54. Boyd Gaming Co. has a 1 year low of $49.34 and a 1 year high of $80.50.

Boyd Gaming (NYSE:BYD - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.75 by $0.21. Boyd Gaming had a net margin of 14.70% and a return on equity of 35.97%. Analysts predict that Boyd Gaming Co. will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming declared that its Board of Directors has authorized a stock repurchase program on Thursday, December 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 7.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

Boyd Gaming Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be paid a $0.18 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.72 annualized dividend and a dividend yield of 0.97%. This is an increase from Boyd Gaming's previous quarterly dividend of $0.17. Boyd Gaming's dividend payout ratio is presently 11.58%.

Analysts Set New Price Targets

A number of brokerages recently commented on BYD. StockNews.com lowered Boyd Gaming from a "strong-buy" rating to a "buy" rating in a research report on Thursday. Barclays lifted their price target on shares of Boyd Gaming from $74.00 to $78.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. Stifel Nicolaus upped their price objective on shares of Boyd Gaming from $74.00 to $82.00 and gave the stock a "hold" rating in a report on Friday, February 7th. Mizuho lifted their price objective on shares of Boyd Gaming from $79.00 to $86.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Finally, Wells Fargo & Company raised their price target on shares of Boyd Gaming from $82.00 to $88.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Boyd Gaming has a consensus rating of "Moderate Buy" and an average price target of $95.20.

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.