Golden Entertainment, Inc. (NASDAQ:GDEN) Director Sells $25,756.36 in Stock

Golden Entertainment, Inc. (NASDAQ:GDEN) Director Mark A. Lipparelli sold 773 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $33.32, for a total transaction of $25,756.36. Following the transaction, the director now owns 82,740 shares in the company, valued at approximately $2,756,896.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Golden Entertainment Trading Down 4.3 %

Shares of NASDAQ GDEN opened at $31.37 on Friday. Golden Entertainment, Inc. has a fifty-two week low of $27.42 and a fifty-two week high of $42.14. The firm has a market capitalization of $908.13 million, a P/E ratio of 3.38 and a beta of 2.23. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.77 and a quick ratio of 0.73. The company’s 50 day simple moving average is $31.05 and its 200 day simple moving average is $31.69.

Golden Entertainment (NASDAQ:GDEN) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). Golden Entertainment had a net margin of 33.07% and a negative return on equity of 0.33%. The company had revenue of $167.33 million during the quarter, compared to analyst estimates of $176.34 million. On average, analysts predict that Golden Entertainment, Inc. will post 0.25 EPS for the current year.

Golden Entertainment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Tuesday, September 17th. Golden Entertainment’s dividend payout ratio (DPR) is currently 10.79%.

Institutional Trading of Golden Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of GDEN. Quarry LP bought a new position in Golden Entertainment during the 2nd quarter worth approximately $52,000. Systematic Financial Management LP raised its holdings in Golden Entertainment by 78.2% in the second quarter. Systematic Financial Management LP now owns 283,020 shares of the company’s stock worth $8,805,000 after purchasing an additional 124,218 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Golden Entertainment by 3.5% during the second quarter. The Manufacturers Life Insurance Company now owns 10,499 shares of the company’s stock worth $327,000 after purchasing an additional 355 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Golden Entertainment by 274.1% in the 2nd quarter. AQR Capital Management LLC now owns 61,182 shares of the company’s stock valued at $1,903,000 after buying an additional 44,827 shares during the period. Finally, III Capital Management bought a new stake in shares of Golden Entertainment in the 2nd quarter valued at $622,000. 70.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

GDEN has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Macquarie dropped their price objective on shares of Golden Entertainment from $44.00 to $41.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Truist Financial decreased their price objective on Golden Entertainment from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, JMP Securities lowered their target price on Golden Entertainment from $39.00 to $36.00 and set a “market outperform” rating for the company in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $39.40.

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.