Charles Schwab Investment Management Inc. Boosts Holdings in Golden Entertainment, Inc. (NASDAQ:GDEN)

Charles Schwab Investment Management Inc. boosted its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 10.9% in the fourth quarter, HoldingsChannel reports. The fund owned 309,196 shares of the company’s stock after purchasing an additional 30,487 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Golden Entertainment were worth $9,771,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in Golden Entertainment by 7.6% during the third quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company’s stock valued at $143,000 after acquiring an additional 317 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Golden Entertainment by 5.0% in the third quarter. Empowered Funds LLC now owns 8,420 shares of the company’s stock worth $268,000 after buying an additional 402 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Golden Entertainment by 42.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,190 shares of the company’s stock worth $325,000 after buying an additional 3,037 shares during the last quarter. HighTower Advisors LLC raised its holdings 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 worth $557,000 after buying an additional 333 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Golden Entertainment in the fourth quarter worth $608,000. Hedge funds and other institutional investors own 70.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GDEN shares. Wells Fargo & Company started coverage on shares of Golden Entertainment in a report on Monday, December 16th. They issued an “overweight” rating and a $38.00 price target for the company. Macquarie reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Golden Entertainment in a report on Friday, February 28th. Jefferies Financial Group raised their price target on shares of Golden Entertainment from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Friday, January 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $36.00 price target on shares of Golden Entertainment in a report on Thursday, January 16th. Finally, StockNews.com cut shares of Golden Entertainment from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.86.

Golden Entertainment Trading Down 2.6 %

Shares of Golden Entertainment stock opened at $27.32 on Friday. 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 firm has a fifty day moving average price of $31.23 and a 200 day moving average price of $31.58. Golden Entertainment, Inc. has a 1 year low of $25.17 and a 1 year high of $36.92. The stock has a market cap of $724.28 million, a PE ratio of 22.03 and a beta of 2.29.

Golden Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be given a dividend of $0.25 per share. The ex-dividend date 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%.

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.