William Blair Investment Management LLC Sells 641,688 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

William Blair Investment Management LLC trimmed its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 40.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 937,351 shares of the company's stock after selling 641,688 shares during the period. William Blair Investment Management LLC owned 3.42% of Golden Entertainment worth $29,620,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in shares of Golden Entertainment in the 3rd quarter valued at $42,000. BNP Paribas Financial Markets increased its stake in shares of Golden Entertainment by 7.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company's stock valued at $143,000 after buying an additional 317 shares during the period. Empowered Funds LLC increased its stake in shares of Golden Entertainment by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 8,420 shares of the company's stock valued at $268,000 after buying an additional 402 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Golden Entertainment by 42.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,190 shares of the company's stock valued at $325,000 after buying an additional 3,037 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of Golden Entertainment by 1.9% in the 3rd quarter. HighTower Advisors LLC now owns 17,580 shares of the company's stock valued at $557,000 after buying an additional 333 shares during the period. 70.73% of the stock is owned by institutional investors and hedge funds.

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Golden Entertainment Trading Down 2.6 %

GDEN stock traded down $0.72 during midday trading on Friday, hitting $27.32. 618,975 shares of the company's stock were exchanged, compared to its average volume of 223,569. The stock's fifty day moving average price is $31.23 and its 200-day moving average price is $31.58. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. The company has a market cap of $724.28 million, a PE ratio of 22.03 and a beta of 2.29. Golden Entertainment, Inc. has a one year low of $25.17 and a one year high of $36.92.

Golden Entertainment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.00 annualized dividend and a yield of 3.66%. Golden Entertainment's dividend payout ratio is presently 59.88%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GDEN shares. Jefferies Financial Group lifted their target price on Golden Entertainment from $31.00 to $32.00 and gave the company a "hold" rating in a research note on Friday, January 3rd. JMP Securities reissued a "market outperform" rating and issued a $36.00 target price on shares of Golden Entertainment in a research note on Thursday, January 16th. Macquarie reaffirmed an "outperform" rating and set a $40.00 price objective on shares of Golden Entertainment in a research note on Friday, February 28th. Wells Fargo & Company initiated coverage on Golden Entertainment in a research note on Monday, December 16th. They set an "overweight" rating and a $38.00 price objective for the company. Finally, StockNews.com cut 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 issued a buy rating to the stock. Based on data from MarketBeat.com, Golden Entertainment currently has an average rating of "Moderate Buy" and an average target price of $36.86.

About Golden Entertainment

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.