Peregrine Capital Management LLC Sells 6,698 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

Peregrine Capital Management LLC lessened its position in Golden Entertainment, Inc. (NASDAQ:GDEN) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 181,580 shares of the company’s stock after selling 6,698 shares during the period. Peregrine Capital Management LLC’s holdings in Golden Entertainment were worth $5,738,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of GDEN. BNP Paribas Financial Markets grew its holdings in shares of Golden Entertainment by 7.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company’s stock valued at $143,000 after buying an additional 317 shares during the period. HighTower Advisors LLC grew its stake in Golden Entertainment by 1.9% in the third quarter. HighTower Advisors LLC now owns 17,580 shares of the company’s stock valued at $557,000 after acquiring an additional 333 shares during the period. Empowered Funds LLC increased its holdings in shares of Golden Entertainment by 5.0% in the third quarter. Empowered Funds LLC now owns 8,420 shares of the company’s stock worth $268,000 after acquiring an additional 402 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Golden Entertainment by 6.4% during the third quarter. New York State Teachers Retirement System now owns 8,230 shares of the company’s stock worth $262,000 after purchasing an additional 494 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Golden Entertainment by 2.2% during the 4th quarter. Rhumbline Advisers now owns 52,291 shares of the company’s stock valued at $1,652,000 after purchasing an additional 1,102 shares in the last quarter. 70.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Terrence Wright sold 16,586 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $31.26, for a total value of $518,478.36. Following the completion of the sale, the director now directly owns 61,616 shares in the company, valued at approximately $1,926,116.16. This trade represents a 21.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 29.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Jefferies Financial Group raised their target price on shares of Golden Entertainment from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Friday, January 3rd. StockNews.com lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Wells Fargo & Company assumed coverage on shares of Golden Entertainment in a research note on Monday, December 16th. They issued an “overweight” rating and a $38.00 target price for the company. Truist Financial dropped their price target on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, Macquarie reduced their price objective on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.57.

Golden Entertainment Trading Down 1.8 %

Shares of Golden Entertainment stock opened at $33.49 on Wednesday. Golden Entertainment, Inc. has a 12-month low of $27.42 and a 12-month high of $37.41. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. The business’s 50 day moving average is $32.33 and its 200-day moving average is $31.71. The stock has a market cap of $918.63 million, a P/E ratio of 27.01 and a beta of 2.21.

About Golden Entertainment

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.