Wellington Management Group LLP decreased its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 12.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,209 shares of the company's stock after selling 12,414 shares during the quarter. Wellington Management Group LLP owned about 0.33% of Golden Entertainment worth $2,851,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its holdings in Golden Entertainment by 7.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company's stock worth $143,000 after acquiring an additional 317 shares during the period. HighTower Advisors LLC boosted its stake 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 valued at $557,000 after purchasing an additional 333 shares during the period. Jane Street Group LLC boosted its stake in shares of Golden Entertainment by 5.2% in the third quarter. Jane Street Group LLC now owns 35,033 shares of the company's stock valued at $1,114,000 after purchasing an additional 1,740 shares during the period. MML Investors Services LLC grew its holdings in Golden Entertainment by 29.1% during the 3rd quarter. MML Investors Services LLC now owns 63,449 shares of the company's stock valued at $2,017,000 after purchasing an additional 14,293 shares in the last quarter. Finally, Barclays PLC increased its stake in Golden Entertainment by 84.7% during the 3rd quarter. Barclays PLC now owns 48,918 shares of the company's stock worth $1,556,000 after buying an additional 22,440 shares during the period. 70.73% of the stock is owned by hedge funds and other institutional investors.
Golden Entertainment Stock Performance
GDEN stock traded up $0.08 during midday trading on Thursday, reaching $25.60. The company had a trading volume of 33,785 shares, compared to its average volume of 241,491. The firm has a market capitalization of $678.68 million, a PE ratio of 20.69 and a beta of 1.99. The stock has a 50 day moving average price of $28.64 and a 200 day moving average price of $30.78. Golden Entertainment, Inc. has a fifty-two week low of $22.66 and a fifty-two week high of $35.49. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75.
Golden Entertainment Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were given a dividend of $0.25 per share. The ex-dividend date was Friday, March 21st. This represents a $1.00 dividend on an annualized basis and a yield of 3.91%. Golden Entertainment's dividend payout ratio is currently 59.88%.
Wall Street Analysts Forecast Growth
GDEN has been the subject of a number of analyst reports. Macquarie reissued an "outperform" rating and issued a $40.00 price objective on shares of Golden Entertainment in a research report on Friday, February 28th. Jefferies Financial Group lifted their price objective on Golden Entertainment from $31.00 to $32.00 and gave the stock a "hold" rating in a report on Friday, January 3rd. StockNews.com cut Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, JMP Securities reduced their price objective on shares of Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating on the stock in a research note on Thursday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Golden Entertainment has a consensus rating of "Moderate Buy" and a consensus target price of $36.86.
Check Out Our Latest Research Report on Golden Entertainment
Golden Entertainment Company Profile
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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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