Golden Entertainment, Inc. $GDEN Shares Acquired by Hill Path Capital LP

Hill Path Capital LP increased its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 477.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 655,625 shares of the company’s stock after purchasing an additional 542,150 shares during the quarter. Golden Entertainment makes up approximately 1.0% of Hill Path Capital LP’s holdings, making the stock its 8th biggest holding. Hill Path Capital LP owned approximately 2.51% of Golden Entertainment worth $19,295,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GDEN. Raymond James Financial Inc. bought a new position in Golden Entertainment in the second quarter valued at $27,000. Parallel Advisors LLC acquired a new position in shares of Golden Entertainment in the second quarter valued at about $35,000. Creative Planning bought a new position in Golden Entertainment during the second quarter worth about $201,000. The Manufacturers Life Insurance Company acquired a new position in Golden Entertainment in the 2nd quarter valued at $210,000. Finally, iSAM Funds UK Ltd bought a new stake in shares of Golden Entertainment during the 2nd quarter valued at $215,000. Institutional investors and hedge funds own 70.73% of the company’s stock.

Analyst Upgrades and Downgrades

GDEN has been the subject of several recent analyst reports. Zacks Research cut shares of Golden Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Weiss Ratings restated a “sell (d+)” rating on shares of Golden Entertainment in a research report on Monday. Citizens Jmp cut Golden Entertainment from a “market outperform” rating to a “hold” rating in a report on Friday, November 7th. Wells Fargo & Company reiterated a “sell” rating and issued a $30.00 price target (down previously from $34.00) on shares of Golden Entertainment in a research report on Thursday, November 6th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Golden Entertainment in a research note on Tuesday, September 16th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Golden Entertainment presently has an average rating of “Hold” and a consensus price target of $32.60.

Golden Entertainment Stock Down 0.4%

Shares of NASDAQ GDEN opened at $28.21 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.02. The company has a 50-day moving average price of $25.74 and a 200-day moving average price of $26.57. The stock has a market capitalization of $738.54 million, a P/E ratio of 156.72 and a beta of 1.52. Golden Entertainment, Inc. has a 1 year low of $19.57 and a 1 year high of $35.49.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.10). The business had revenue of $154.82 million during the quarter, compared to the consensus estimate of $157.21 million. Golden Entertainment had a net margin of 0.85% and a return on equity of 1.20%. On average, equities research analysts forecast that Golden Entertainment, Inc. will post 0.2 EPS for the current fiscal year.

Golden Entertainment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 22nd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, December 22nd. This represents a $1.00 annualized dividend and a yield of 3.5%. Golden Entertainment’s dividend payout ratio is 555.56%.

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.