21,436 Shares in Golden Entertainment, Inc. (NASDAQ:GDEN) Bought by SG Capital Management LLC

SG Capital Management LLC bought a new position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,436 shares of the company’s stock, valued at approximately $677,000.

Several other large investors also recently bought and sold shares of GDEN. Renaissance Technologies LLC acquired a new position in shares of Golden Entertainment during the 4th quarter worth $729,000. Sequoia Financial Advisors LLC increased its holdings in Golden Entertainment by 4.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 673,667 shares of the company’s stock valued at $21,288,000 after acquiring an additional 27,508 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Golden Entertainment by 10.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 309,196 shares of the company’s stock worth $9,771,000 after acquiring an additional 30,487 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Golden Entertainment by 26.6% in the fourth quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company’s stock valued at $40,864,000 after purchasing an additional 271,782 shares in the last quarter. Finally, III Capital Management lifted its holdings in shares of Golden Entertainment by 26.9% in the fourth quarter. III Capital Management now owns 52,028 shares of the company’s stock valued at $1,644,000 after purchasing an additional 11,014 shares in the last quarter. Institutional investors and hedge funds own 70.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GDEN shares. 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 research note on Thursday, April 17th. Macquarie reiterated an “outperform” rating and set a $40.00 target price on shares of Golden Entertainment in a report on Friday, February 28th. Finally, StockNews.com raised Golden Entertainment from a “hold” rating to a “buy” rating in a report on Monday. One equities research analyst has 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 currently has an average rating of “Moderate Buy” and an average target price of $37.00.

Golden Entertainment Stock Performance

NASDAQ:GDEN opened at $29.29 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 market cap of $774.28 million, a PE ratio of 23.62 and a beta of 1.85. The firm has a 50 day simple moving average of $26.47 and a 200-day simple moving average of $30.21. Golden Entertainment, Inc. has a 1-year low of $22.66 and a 1-year high of $35.49.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). Golden Entertainment had a net margin of 5.23% and a return on equity of 0.69%. The business had revenue of $160.84 million during the quarter, compared to analyst estimates of $164.37 million. On average, equities analysts expect that Golden Entertainment, Inc. will post 0.2 EPS for the current year.

Golden Entertainment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Wednesday, June 25th. Golden Entertainment’s dividend payout ratio is currently 256.41%.

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.