UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 9.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,824 shares of the company’s stock after selling 4,843 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.17% of Golden Entertainment worth $1,489,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of GDEN. Systematic Financial Management LP raised its position in Golden Entertainment by 78.2% in the 2nd quarter. Systematic Financial Management LP now owns 283,020 shares of the company’s stock valued at $8,805,000 after purchasing an additional 124,218 shares in the last quarter. Peregrine Capital Management LLC increased its stake in shares of Golden Entertainment by 43.0% during the second quarter. Peregrine Capital Management LLC now owns 248,875 shares of the company’s stock worth $7,743,000 after buying an additional 74,867 shares during the period. Quest Partners LLC acquired a new stake in Golden Entertainment in the second quarter valued at approximately $1,180,000. SG Americas Securities LLC purchased a new position in Golden Entertainment in the second quarter worth approximately $263,000. Finally, nVerses Capital LLC acquired a new position in Golden Entertainment during the 2nd quarter worth approximately $37,000. 70.73% of the stock is currently owned by institutional investors and hedge funds.

Golden Entertainment Trading Up 0.5 %

NASDAQ:GDEN opened at $33.36 on Tuesday. The company has a market capitalization of $915.03 million, a PE ratio of 26.90 and a beta of 2.22. Golden Entertainment, Inc. has a 52-week low of $27.42 and a 52-week high of $41.98. The stock’s 50 day moving average price is $31.86 and its 200 day moving average price is $31.09. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75.

Golden Entertainment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th will be issued a $0.25 dividend. 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%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GDEN shares. JMP Securities raised their price objective on shares of Golden Entertainment from $35.00 to $36.00 and gave the company a “market outperform” rating in a report on Monday, November 25th. Truist Financial decreased 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. StockNews.com raised Golden Entertainment from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. B. Riley cut their target price on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Finally, Macquarie decreased their target price on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $37.33.

Insider Activity at Golden Entertainment

In other Golden Entertainment news, Director Mark A. Lipparelli sold 773 shares of Golden Entertainment stock in a transaction that occurred 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 transaction, the director now directly owns 82,740 shares in the company, valued at approximately $2,756,896.80. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 29.10% of the stock is owned by insiders.

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.