Golden Entertainment, Inc. (NASDAQ:GDEN) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC lifted its position in Golden Entertainment, Inc. (NASDAQ:GDEN) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,033 shares of the company’s stock after acquiring an additional 1,740 shares during the period. Jane Street Group LLC owned 0.13% of Golden Entertainment worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GDEN. William Blair Investment Management LLC increased its stake in shares of Golden Entertainment by 132.1% in the second quarter. William Blair Investment Management LLC now owns 1,486,689 shares of the company’s stock worth $46,251,000 after acquiring an additional 846,269 shares during the period. Systematic Financial Management LP lifted its holdings in Golden Entertainment by 24.5% in the third quarter. Systematic Financial Management LP now owns 352,227 shares of the company’s stock valued at $11,197,000 after acquiring an additional 69,207 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Golden Entertainment by 16.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,709 shares of the company’s stock worth $8,860,000 after purchasing an additional 38,385 shares in the last quarter. Bernzott Capital Advisors grew its stake in shares of Golden Entertainment by 7.9% during the 3rd quarter. Bernzott Capital Advisors now owns 247,632 shares of the company’s stock worth $7,872,000 after purchasing an additional 18,233 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Golden Entertainment by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 194,693 shares of the company’s stock valued at $6,057,000 after purchasing an additional 4,761 shares in the last quarter. Hedge funds and other institutional investors own 70.73% of the company’s stock.

Insider Buying and Selling

In other Golden Entertainment news, Director Terrence Wright sold 16,586 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $31.26, for a total value of $518,478.36. Following the sale, the director now owns 61,616 shares of the company’s stock, valued at $1,926,116.16. The trade was a 21.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 29.10% of the stock is owned by company insiders.

Golden Entertainment Price Performance

Golden Entertainment stock opened at $31.39 on Monday. The company has a fifty day simple moving average of $32.14 and a 200-day simple moving average of $31.21. The firm has a market capitalization of $861.00 million, a price-to-earnings ratio of 25.31 and a beta of 2.22. 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, Inc. has a 52-week low of $27.42 and a 52-week high of $40.74.

Golden Entertainment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, December 20th. Golden Entertainment’s dividend payout ratio is currently 80.65%.

Analyst Upgrades and Downgrades

GDEN has been the subject of several recent analyst reports. JMP Securities lifted their price target on Golden Entertainment from $35.00 to $36.00 and gave the company a “market outperform” rating in a research note on Monday, November 25th. Macquarie reduced 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. B. Riley dropped their price target on shares of Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. StockNews.com cut shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Finally, Wells Fargo & Company started coverage on shares of Golden Entertainment in a research report on Monday, December 16th. They issued an “overweight” rating and a $38.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Golden Entertainment has an average rating of “Moderate Buy” and an average price target of $37.33.

Golden Entertainment Profile

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.