Charles Schwab Investment Management Inc. Grows Stock Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

Charles Schwab Investment Management Inc. lifted its stake in Golden Entertainment, Inc. (NASDAQ:GDEN) by 16.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 278,709 shares of the company’s stock after buying an additional 38,385 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Golden Entertainment were worth $8,860,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of GDEN. William Blair Investment Management LLC grew its stake in shares of Golden Entertainment by 132.1% in the second quarter. William Blair Investment Management LLC now owns 1,486,689 shares of the company’s stock worth $46,251,000 after purchasing an additional 846,269 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Golden Entertainment by 2,745.8% in the second quarter. Assenagon Asset Management S.A. now owns 183,156 shares of the company’s stock worth $5,698,000 after purchasing an additional 176,720 shares during the last quarter. Systematic Financial Management LP grew its stake in shares of Golden Entertainment by 78.2% in the second quarter. Systematic Financial Management LP now owns 283,020 shares of the company’s stock worth $8,805,000 after purchasing an additional 124,218 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Golden Entertainment by 100.9% in the second quarter. Dimensional Fund Advisors LP now owns 163,629 shares of the company’s stock worth $5,089,000 after purchasing an additional 82,175 shares during the last quarter. Finally, Peregrine Capital Management LLC grew its stake in shares of Golden Entertainment by 43.0% in the second quarter. Peregrine Capital Management LLC now owns 248,875 shares of the company’s stock worth $7,743,000 after purchasing an additional 74,867 shares during the last quarter. Hedge funds and other institutional investors own 70.73% of the company’s stock.

Analyst Upgrades and Downgrades

GDEN has been the topic of several recent analyst reports. B. Riley cut their target price on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Truist Financial cut their price objective on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. JMP Securities lifted their price objective on Golden Entertainment from $35.00 to $36.00 and gave the company a “market outperform” rating in a research report on Monday, November 25th. StockNews.com raised Golden Entertainment from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Finally, 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. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $37.20.

Golden Entertainment Price Performance

Shares of NASDAQ GDEN opened at $33.40 on Wednesday. Golden Entertainment, Inc. has a twelve month low of $27.42 and a twelve month high of $42.14. The firm has a market cap of $916.16 million, a P/E ratio of 26.94 and a beta of 2.22. The company has a 50 day moving average of $31.72 and a 200 day moving average of $31.00. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be issued a $0.25 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 2.99%. Golden Entertainment’s payout ratio is currently 80.65%.

Insider Buying and Selling

In other news, Director Mark A. Lipparelli sold 773 shares of the company’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 directly owns 82,740 shares in the company, valued at $2,756,896.80. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 29.10% of the stock is owned by company insiders.

Golden Entertainment Profile

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.