Intech Investment Management LLC Takes $288,000 Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

Intech Investment Management LLC acquired a new position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,119 shares of the company’s stock, valued at approximately $288,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. DAVENPORT & Co LLC grew its stake in shares of Golden Entertainment by 26.6% during the fourth quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company’s stock worth $40,864,000 after buying an additional 271,782 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Golden Entertainment by 4.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 673,667 shares of the company’s stock worth $21,288,000 after acquiring an additional 27,508 shares during the last quarter. Geode Capital Management LLC increased its holdings in Golden Entertainment by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 587,006 shares of the company’s stock worth $18,664,000 after purchasing an additional 24,264 shares in the last quarter. New York State Common Retirement Fund raised its position in Golden Entertainment by 5.4% in the fourth quarter. New York State Common Retirement Fund now owns 384,739 shares of the company’s stock valued at $12,158,000 after purchasing an additional 19,587 shares during the last quarter. Finally, Systematic Financial Management LP boosted its stake in shares of Golden Entertainment by 24.5% during the third 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. Institutional investors own 70.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently 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 objective for the company. Jefferies Financial Group raised their price target on shares of 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 price objective on shares of Golden Entertainment in a research note on Thursday, January 16th. StockNews.com lowered Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Macquarie reiterated an “outperform” rating and issued a $40.00 price target on shares of Golden Entertainment in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Golden Entertainment presently has a consensus rating of “Moderate Buy” and an average target price of $36.86.

Golden Entertainment Stock Performance

GDEN stock opened at $27.29 on Thursday. The firm has a market cap of $723.49 million, a PE ratio of 22.01 and a beta of 2.29. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. The stock has a 50-day moving average price of $30.98 and a 200-day moving average price of $31.48. Golden Entertainment, Inc. has a 1-year low of $25.17 and a 1-year high of $36.92.

Golden Entertainment Dividend Announcement

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

Golden Entertainment Company 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.