Other analysts have also issued research reports about the company. ValuEngine upgraded Golden Entertainment from a buy rating to a strong-buy rating in a report on Thursday, August 1st. Zacks Investment Research lowered Golden Entertainment from a hold rating to a sell rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $24.67.
Shares of NASDAQ GDEN opened at $13.52 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.28 and a debt-to-equity ratio of 4.18. The stock has a 50 day moving average price of $14.03 and a 200 day moving average price of $15.06. Golden Entertainment has a 52-week low of $12.32 and a 52-week high of $29.72.
Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.21). The firm had revenue of $248.07 million during the quarter, compared to analysts’ expectations of $249.18 million. Golden Entertainment had a negative net margin of 5.60% and a negative return on equity of 8.67%.
In related news, SVP Blake L. Sartini II bought 10,000 shares of the stock in a transaction on Wednesday, June 12th. The stock was bought at an average price of $13.87 per share, for a total transaction of $138,700.00. Following the completion of the acquisition, the senior vice president now directly owns 37,271 shares in the company, valued at $516,948.77. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony A. Marnell III purchased 5,900 shares of Golden Entertainment stock in a transaction dated Friday, August 16th. The shares were acquired at an average cost of $12.87 per share, for a total transaction of $75,933.00. Following the completion of the transaction, the director now owns 34,579 shares of the company’s stock, valued at approximately $445,031.73. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 43,700 shares of company stock valued at $585,487. 36.40% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. Quantamental Technologies LLC increased its position in shares of Golden Entertainment by 165.3% during the first quarter. Quantamental Technologies LLC now owns 4,510 shares of the company’s stock worth $64,000 after purchasing an additional 2,810 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Golden Entertainment by 10.8% in the 4th quarter. Geode Capital Management LLC now owns 211,174 shares of the company’s stock valued at $3,383,000 after acquiring an additional 20,561 shares during the period. Metropolitan Life Insurance Co. NY increased its position in shares of Golden Entertainment by 365.1% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,930 shares of the company’s stock valued at $95,000 after acquiring an additional 4,655 shares during the period. Penn Capital Management Co. Inc. increased its position in shares of Golden Entertainment by 13.6% in the 1st quarter. Penn Capital Management Co. Inc. now owns 992,540 shares of the company’s stock valued at $15,107,000 after acquiring an additional 118,564 shares during the period. Finally, Gamco Investors INC. ET AL increased its position in shares of Golden Entertainment by 12.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 267,000 shares of the company’s stock valued at $3,781,000 after acquiring an additional 30,000 shares during the period. 56.03% of the stock is currently owned by institutional investors and hedge funds.
About Golden Entertainment
Golden Entertainment, Inc engages in the development, finance, management, and ownership of casino properties. It operates through the Distributed Gaming and Casinos segments. The Distributed Gaming segment involves in the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery stores, convenience stores, liquor stores, restaurants, bars, and taverns; and the operation of wholly-owned branded taverns targeting local patrons.
Further Reading: Holder of Record
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