Victory Capital Management Inc. bought a new position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 27,525 shares of the company's stock, valued at approximately $875,000. Victory Capital Management Inc. owned about 0.10% of Golden Entertainment at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GDEN. State Board of Administration of Florida Retirement System increased its holdings in Golden Entertainment by 25.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 7,254 shares of the company's stock valued at $267,000 after purchasing an additional 1,480 shares during the period. Vanguard Group Inc. raised its holdings in Golden Entertainment by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 1,588,940 shares of the company's stock worth $58,521,000 after purchasing an additional 14,957 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new position in shares of Golden Entertainment in the 1st quarter worth approximately $214,000. SG Americas Securities LLC bought a new stake in shares of Golden Entertainment in the 2nd quarter valued at $263,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Golden Entertainment by 2,745.8% during the second quarter. Assenagon Asset Management S.A. now owns 183,156 shares of the company's stock worth $5,698,000 after buying an additional 176,720 shares during the period. 70.73% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, Director Mark A. Lipparelli sold 773 shares of the firm'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 owns 82,740 shares of the company's stock, valued at $2,756,896.80. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 29.10% of the stock is currently owned by company insiders.
Golden Entertainment Trading Down 0.1 %
Shares of Golden Entertainment stock traded down $0.02 during trading on Thursday, hitting $33.26. The stock had a trading volume of 177,368 shares, compared to its average volume of 215,876. The stock has a market cap of $912.32 million, a PE ratio of 26.82 and a beta of 2.24. The firm's fifty day simple moving average is $31.38 and its 200-day simple moving average is $30.79. Golden Entertainment, Inc. has a 12 month low of $27.42 and a 12 month high of $42.14. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03.
Golden Entertainment Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Friday, December 20th. Golden Entertainment's dividend payout ratio (DPR) is 80.65%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on GDEN. B. Riley lowered 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 cut their price target on Golden Entertainment from $38.00 to $36.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. Macquarie cut their price objective on Golden Entertainment from $39.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Finally, JMP Securities boosted their price target on shares of Golden Entertainment from $35.00 to $36.00 and gave the stock a "market outperform" rating in a research note on Monday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $37.20.
View Our Latest Research Report on GDEN
Golden Entertainment Company Profile
(
Free Report)
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.
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