Nisa Investment Advisors LLC Decreases Stock Holdings in Golden Entertainment, Inc. (NASDAQ:GDEN)

Nisa Investment Advisors LLC trimmed its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 43.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,100 shares of the company’s stock after selling 5,510 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Golden Entertainment were worth $284,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GDEN. BlackRock Inc. lifted its position in shares of Golden Entertainment by 155.9% during the first quarter. BlackRock Inc. now owns 2,908,507 shares of the company’s stock valued at $168,896,000 after buying an additional 1,771,873 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Golden Entertainment during the third quarter valued at about $35,680,000. Capital Research Global Investors lifted its position in shares of Golden Entertainment by 27.1% during the first quarter. Capital Research Global Investors now owns 2,066,100 shares of the company’s stock valued at $119,978,000 after buying an additional 441,100 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Golden Entertainment by 156.8% during the third quarter. Gamco Investors INC. ET AL now owns 609,050 shares of the company’s stock valued at $20,817,000 after buying an additional 371,850 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Golden Entertainment by 75.6% during the first quarter. State Street Corp now owns 638,151 shares of the company’s stock valued at $37,057,000 after buying an additional 274,805 shares during the last quarter. 70.73% of the stock is owned by hedge funds and other institutional investors.

Golden Entertainment Stock Down 0.2 %

GDEN stock opened at $33.43 on Friday. The firm has a 50 day moving average of $35.58 and a 200 day moving average of $36.56. The stock has a market capitalization of $967.80 million, a PE ratio of 4.04 and a beta of 2.25. The company has a quick ratio of 2.30, a current ratio of 2.35 and a debt-to-equity ratio of 1.22. Golden Entertainment, Inc. has a 52 week low of $30.38 and a 52 week high of $47.49.

Golden Entertainment (NASDAQ:GDEN) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). Golden Entertainment had a return on equity of 6.40% and a net margin of 24.28%. The business had revenue of $230.69 million for the quarter, compared to analysts’ expectations of $228.75 million. Sell-side analysts forecast that Golden Entertainment, Inc. will post 1.21 earnings per share for the current year.

Golden Entertainment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Monday, March 18th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Friday, March 15th. Golden Entertainment’s dividend payout ratio is presently 12.08%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Truist Financial started coverage on shares of Golden Entertainment in a report on Friday, March 15th. They set a “buy” rating and a $45.00 price objective on the stock. StockNews.com cut shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. Finally, JMP Securities lowered their target price on shares of Golden Entertainment from $48.00 to $45.00 and set a “market outperform” rating for the company in a research note on Friday, March 1st.

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.