Mutual of America Capital Management LLC Sells 449 Shares of Golden Entertainment, Inc. $GDEN

Mutual of America Capital Management LLC reduced its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN) by 0.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 252,852 shares of the company’s stock after selling 449 shares during the period. Mutual of America Capital Management LLC owned approximately 0.96% of Golden Entertainment worth $7,441,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. DAVENPORT & Co LLC increased its position in Golden Entertainment by 10.7% during the first quarter. DAVENPORT & Co LLC now owns 1,431,300 shares of the company’s stock worth $37,956,000 after acquiring an additional 138,137 shares during the period. Charles Schwab Investment Management Inc. grew its position in Golden Entertainment by 14.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 352,843 shares of the company’s stock worth $9,312,000 after purchasing an additional 43,647 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of Golden Entertainment by 21.8% during the 1st quarter. GSA Capital Partners LLP now owns 29,482 shares of the company’s stock worth $778,000 after purchasing an additional 5,273 shares during the period. GAMMA Investing LLC raised its position in shares of Golden Entertainment by 1,136.9% during the first quarter. GAMMA Investing LLC now owns 6,729 shares of the company’s stock valued at $178,000 after buying an additional 6,185 shares during the last quarter. Finally, Trexquant Investment LP lifted its stake in shares of Golden Entertainment by 419.9% in the first quarter. Trexquant Investment LP now owns 42,198 shares of the company’s stock valued at $1,114,000 after buying an additional 34,081 shares during the period. 70.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Macquarie lowered their price target on Golden Entertainment from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Truist Financial cut Golden Entertainment from a “buy” rating to a “hold” rating and lowered their price objective for the company from $36.00 to $34.00 in a research report on Wednesday, July 16th. JMP Securities cut their target price on Golden Entertainment from $35.00 to $34.00 and set a “market outperform” rating for the company in a research note on Tuesday, September 16th. Citigroup reiterated an “outperform” rating on shares of Golden Entertainment in a research note on Tuesday, September 16th. Finally, Weiss Ratings lowered shares of Golden Entertainment from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.20.

Golden Entertainment Stock Up 2.6%

NASDAQ GDEN opened at $23.13 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.12 and a quick ratio of 1.03. The firm has a market cap of $605.08 million, a PE ratio of 42.83 and a beta of 1.69. The stock’s 50 day simple moving average is $23.97 and its 200 day simple moving average is $26.54. Golden Entertainment, Inc. has a one year low of $21.28 and a one year high of $35.49.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. Golden Entertainment had a return on equity of 3.23% and a net margin of 2.35%.The business had revenue of $163.62 million during the quarter, compared to analysts’ expectations of $169.70 million. As a group, sell-side analysts forecast that Golden Entertainment, Inc. will post 0.2 earnings per share for the current fiscal year.

Golden Entertainment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Thursday, September 25th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $1.00 annualized dividend and a dividend yield of 4.3%. Golden Entertainment’s dividend payout ratio is currently 185.19%.

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.