Golden Entertainment, Inc. (NASDAQ:GDEN) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its stake in Golden Entertainment, Inc. (NASDAQ:GDEN) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,795 shares of the company’s stock after buying an additional 1,672 shares during the period. Exchange Traded Concepts LLC owned 0.12% of Golden Entertainment worth $1,005,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Systematic Financial Management LP boosted its stake in Golden Entertainment by 24.5% during the 3rd quarter. Systematic Financial Management LP now owns 352,227 shares of the company’s stock valued at $11,197,000 after purchasing an additional 69,207 shares in the last quarter. Barclays PLC boosted its stake in Golden Entertainment by 84.7% during the third quarter. Barclays PLC now owns 48,918 shares of the company’s stock valued at $1,556,000 after buying an additional 22,440 shares in the last quarter. Geode Capital Management LLC grew its holdings in Golden Entertainment by 4.3% during the third quarter. Geode Capital Management LLC now owns 587,006 shares of the company’s stock worth $18,664,000 after acquiring an additional 24,264 shares during the period. BNP Paribas Financial Markets grew its holdings in Golden Entertainment by 7.6% during the third 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. Finally, Envestnet Asset Management Inc. bought a new stake in Golden Entertainment in the second quarter worth about $1,848,000. 70.73% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Terrence Wright sold 16,586 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $31.26, for a total value of $518,478.36. Following the completion of the sale, the director now directly owns 61,616 shares in the company, valued at approximately $1,926,116.16. This represents a 21.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 29.10% of the stock is owned by corporate insiders.

Golden Entertainment Trading Up 0.0 %

NASDAQ:GDEN opened at $33.19 on Wednesday. The stock has a market cap of $910.40 million, a PE ratio of 26.77 and a beta of 2.22. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03. The stock’s 50-day moving average is $32.48 and its two-hundred day moving average is $31.54. Golden Entertainment, Inc. has a fifty-two week low of $27.42 and a fifty-two week high of $39.92.

Golden Entertainment (NASDAQ:GDEN) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.08. Golden Entertainment had a net margin of 5.23% and a return on equity of 0.69%. The business had revenue of $161.23 million for the quarter, compared to the consensus estimate of $162.22 million. During the same period in the prior year, the business posted ($0.02) earnings per share. As a group, equities research analysts forecast that Golden Entertainment, Inc. will post 0.2 earnings per share for the current fiscal year.

Golden Entertainment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Friday, December 20th. Golden Entertainment’s dividend payout ratio (DPR) is presently 80.65%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $36.00 price objective on shares of Golden Entertainment in a research note on Thursday, January 16th. StockNews.com cut Golden Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Wells Fargo & Company started 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. Jefferies Financial Group boosted their target price on Golden Entertainment from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Friday, January 3rd. Finally, Macquarie decreased their price target on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.57.

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.