1060 Capital LLC Decreases Stock Holdings in Golden Entertainment, Inc. (NASDAQ:GDEN)

1060 Capital LLC cut its position in Golden Entertainment, Inc. (NASDAQ:GDEN) by 73.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,000 shares of the company’s stock after selling 190,682 shares during the quarter. Golden Entertainment accounts for about 4.4% of 1060 Capital LLC’s portfolio, making the stock its 8th largest holding. 1060 Capital LLC’s holdings in Golden Entertainment were worth $2,212,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GDEN. Meeder Asset Management Inc. lifted its holdings in shares of Golden Entertainment by 86.0% in the fourth quarter. Meeder Asset Management Inc. now owns 2,474 shares of the company’s stock worth $78,000 after acquiring an additional 1,144 shares during the last quarter. Two Sigma Securities LLC increased its position in Golden Entertainment by 10.9% during the 4th quarter. Two Sigma Securities LLC now owns 7,219 shares of the company’s stock worth $228,000 after purchasing an additional 709 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Golden Entertainment by 16.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,678 shares of the company’s stock valued at $243,000 after purchasing an additional 1,085 shares during the last quarter. Trexquant Investment LP acquired a new stake in Golden Entertainment in the fourth quarter valued at approximately $256,000. Finally, Intech Investment Management LLC acquired a new stake in Golden Entertainment in the fourth quarter valued at approximately $288,000. Institutional investors own 70.73% of the company’s stock.

Golden Entertainment Price Performance

Shares of GDEN opened at $25.80 on Friday. The business has a 50-day moving average of $27.01 and a 200-day moving average of $30.43. 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 company has a market capitalization of $682.02 million, a price-to-earnings ratio of 20.81 and a beta of 1.99. Golden Entertainment, Inc. has a 1 year low of $22.66 and a 1 year high of $35.49.

Golden Entertainment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.00 annualized dividend and a yield of 3.88%. Golden Entertainment’s payout ratio is 59.88%.

Analyst Ratings Changes

A number of brokerages have recently commented on GDEN. Macquarie reiterated an “outperform” rating and issued a $40.00 price target on shares of Golden Entertainment in a research note on Friday, February 28th. Jefferies Financial Group increased their target price on Golden Entertainment from $31.00 to $32.00 and gave the company a “hold” rating in a research report on Friday, January 3rd. StockNews.com cut Golden Entertainment from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, JMP Securities dropped their price objective on shares of Golden Entertainment from $37.00 to $36.00 and set a “market outperform” rating for the company in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.86.

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.