Insider Selling: Twin River Worldwide Holdings Inc (NYSE:TRWH) Major Shareholder Sells $14,800,698.90 in Stock

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Twin River Worldwide Holdings Inc (NYSE:TRWH) major shareholder Chatham Asset Management, Llc sold 529,542 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $27.95, for a total transaction of $14,800,698.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Chatham Asset Management, Llc also recently made the following trade(s):

  • On Tuesday, July 2nd, Chatham Asset Management, Llc sold 213,917 shares of Twin River Worldwide stock. The stock was sold at an average price of $29.30, for a total transaction of $6,267,768.10.
  • On Friday, June 28th, Chatham Asset Management, Llc sold 649,238 shares of Twin River Worldwide stock. The stock was sold at an average price of $29.93, for a total transaction of $19,431,693.34.
  • On Monday, June 24th, Chatham Asset Management, Llc sold 438,085 shares of Twin River Worldwide stock. The stock was sold at an average price of $30.55, for a total transaction of $13,383,496.75.
  • On Tuesday, April 16th, Chatham Asset Management, Llc bought 8,169 shares of Twin River Worldwide stock. The stock was acquired at an average cost of $33.15 per share, with a total value of $270,802.35.

Shares of Twin River Worldwide stock opened at $28.97 on Friday. The business has a fifty day moving average price of $30.08. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. Twin River Worldwide Holdings Inc has a 1-year low of $27.21 and a 1-year high of $33.98.

Twin River Worldwide (NYSE:TRWH) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.06. The firm had revenue of $120.63 million during the quarter, compared to analyst estimates of $119.10 million. As a group, analysts anticipate that Twin River Worldwide Holdings Inc will post 1.85 EPS for the current year.

The company also recently disclosed a special dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be paid a $0.10 dividend. The ex-dividend date is Monday, July 8th.

Several institutional investors have recently modified their holdings of the company. Apollo Management Holdings L.P. acquired a new stake in shares of Twin River Worldwide in the first quarter worth $55,687,000. Kennedy Capital Management Inc. acquired a new stake in shares of Twin River Worldwide in the first quarter worth $3,815,000. Teton Advisors Inc. acquired a new stake in shares of Twin River Worldwide in the first quarter worth $1,779,000. Gamco Investors INC. ET AL acquired a new stake in shares of Twin River Worldwide in the first quarter worth $500,000. Finally, Gabelli Funds LLC acquired a new stake in shares of Twin River Worldwide in the first quarter worth $336,000. Institutional investors and hedge funds own 62.73% of the company’s stock.

A number of analysts have recently weighed in on TRWH shares. Zacks Investment Research cut shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. SunTrust Banks cut shares of Wageworks from a “buy” rating to a “hold” rating in a research note on Friday, June 28th. Stifel Nicolaus cut shares of Owens Corning from a “buy” rating to a “hold” rating and set a $52.45 price objective for the company. in a research note on Wednesday, April 24th. Finally, Union Gaming Research started coverage on shares of Twin River Worldwide in a research note on Thursday, June 20th. They issued a “buy” rating and a $38.00 price objective for the company.

About Twin River Worldwide

There is no company description available for Twin River Worldwide Holdings Inc

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Insider Buying and Selling by Quarter for Twin River Worldwide (NYSE:TRWH)

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