Anthony Brian Goodman Sells 12,196 Shares of Meridian (NASDAQ:MRDN) Stock

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 12,196 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $10.37, for a total value of $126,472.52. Following the transaction, the chief executive officer owned 479,463 shares of the company’s stock, valued at $4,972,031.31. This trade represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Anthony Brian Goodman also recently made the following trade(s):

• On Monday, May 4th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The shares were sold at an average price of $12.75, for a total value of $127,500.00.
• On Monday, April 27th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The shares were sold at an average price of $6.41, for a total value of $64,100.00.
• On Friday, April 24th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The shares were sold at an average price of $6.34, for a total value of $63,400.00.
• On Thursday, April 23rd, Anthony Brian Goodman sold 2,000 shares of Meridian stock. The shares were sold at an average price of $6.30, for a total value of $12,600.00.
• On Wednesday, April 22nd, Anthony Brian Goodman sold 4,603 shares of Meridian stock. The shares were sold at an average price of $6.34, for a total value of $29,183.02.
• On Friday, April 17th, Anthony Brian Goodman sold 404 shares of Meridian stock. The shares were sold at an average price of $6.90, for a total value of $2,787.60.
• On Thursday, April 16th, Anthony Brian Goodman sold 3,876 shares of Meridian stock. The shares were sold at an average price of $6.92, for a total value of $26,821.92.
• On Wednesday, April 15th, Anthony Brian Goodman sold 6,900 shares of Meridian stock. The shares were sold at an average price of $6.93, for a total value of $47,817.00.
• On Tuesday, April 14th, Anthony Brian Goodman sold 100 shares of Meridian stock. The shares were sold at an average price of $6.90, for a total value of $690.00.
• On Monday, April 13th, Anthony Brian Goodman sold 713 shares of Meridian stock. The shares were sold at an average price of $6.90, for a total value of $4,919.70.

Meridian Stock Performance

Shares of NASDAQ MRDN opened at $11.63 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 0.10. Meridian Holdings Inc. has a fifty-two week low of $5.80 and a fifty-two week high of $23.76. The firm has a market cap of $147.35 million, a price-to-earnings ratio of -1.60 and a beta of 0.61. The stock’s 50-day simple moving average is $8.75.

Meridian (NASDAQ:MRDN) last issued its earnings results on Tuesday, April 28th. The company reported $0.18 earnings per share for the quarter. Meridian had a negative return on equity of 99.65% and a negative net margin of 45.94%.The business had revenue of $50.10 million for the quarter. On average, sell-side analysts forecast that Meridian Holdings Inc. will post 0.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MRDN. Topline Capital Management LLC grew its stake in shares of Meridian by 1,072.4% in the 3rd quarter. Topline Capital Management LLC now owns 623,909 shares of the company’s stock valued at $705,000 after purchasing an additional 570,694 shares during the last quarter. Whetstone Capital Advisors LLC purchased a new position in shares of Meridian in the 4th quarter valued at approximately $331,000. Citadel Advisors LLC grew its stake in shares of Meridian by 1,603.2% in the 3rd quarter. Citadel Advisors LLC now owns 206,082 shares of the company’s stock valued at $233,000 after purchasing an additional 193,982 shares during the last quarter. Sandhill Capital Partners LLC purchased a new position in shares of Meridian in the 3rd quarter valued at approximately $195,000. Finally, Squarepoint Ops LLC grew its stake in shares of Meridian by 115.2% in the 3rd quarter. Squarepoint Ops LLC now owns 148,302 shares of the company’s stock valued at $168,000 after purchasing an additional 79,382 shares during the last quarter. 2.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Weiss Ratings assumed coverage on Meridian in a research report on Tuesday, April 7th. They set a “sell (e+)” rating on the stock. Wall Street Zen raised Meridian to a “strong-buy” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell” and a consensus target price of $21.60.

Meridian Company Profile

Meridian Holdings Inc is engaged in the online gaming and betting business, providing sports betting, online casino, and gaming operations across multiple jurisdictions in Europe, Africa, and Central and South America. The company has three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The MeridianBet Group segment includes retail and online sports betting, casinos, and related gaming operations. The GMAG segment focuses on the resale of third-party gaming content, mainly serving customers in the Asia-Pacific region.