Mutual of America Capital Management LLC Decreases Holdings in Golden Entertainment, Inc. (NASDAQ:GDEN)

Mutual of America Capital Management LLC decreased its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,623 shares of the company’s stock after selling 4,698 shares during the quarter. Mutual of America Capital Management LLC owned 0.85% of Golden Entertainment worth $7,681,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GDEN. Accredited Investors Inc. purchased a new stake in Golden Entertainment in the 3rd quarter valued at approximately $374,000. Empowered Funds LLC lifted its stake in Golden Entertainment by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 8,420 shares of the company’s stock valued at $268,000 after buying an additional 402 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in Golden Entertainment in the 3rd quarter valued at approximately $875,000. New York State Teachers Retirement System lifted its stake in Golden Entertainment by 6.4% in the 3rd quarter. New York State Teachers Retirement System now owns 8,230 shares of the company’s stock valued at $262,000 after buying an additional 494 shares in the last quarter. Finally, Bernzott Capital Advisors lifted its stake in Golden Entertainment by 7.9% in the 3rd quarter. Bernzott Capital Advisors now owns 247,632 shares of the company’s stock valued at $7,872,000 after buying an additional 18,233 shares in the last quarter. Hedge funds and other institutional investors own 70.73% of the company’s stock.

Insider Activity at Golden Entertainment

In related news, Director Mark A. Lipparelli sold 773 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $33.32, for a total value of $25,756.36. Following the completion of the sale, the director now directly owns 82,740 shares in the company, valued at approximately $2,756,896.80. This represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 29.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GDEN shares. JMP Securities reduced their target price on Golden Entertainment from $36.00 to $35.00 and set a “market outperform” rating on the stock in a research note on Monday, October 14th. Truist Financial cut their price target on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. B. Riley cut their price target on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating for the company in a report on Monday, September 23rd. StockNews.com downgraded Golden Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Macquarie cut their price target on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Golden Entertainment presently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

Golden Entertainment Trading Up 0.3 %

GDEN stock opened at $33.29 on Tuesday. The company has a market cap of $913.11 million, a price-to-earnings ratio of 26.85 and a beta of 2.24. The company has a quick ratio of 0.73, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. The business has a fifty day simple moving average of $31.15 and a 200-day simple moving average of $30.66. Golden Entertainment, Inc. has a 52 week low of $27.42 and a 52 week high of $42.14.

Golden Entertainment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.00%. Golden Entertainment’s payout ratio is 80.65%.

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.