Vanguard Group Inc. Increases Holdings in Golden Entertainment, Inc. (NASDAQ:GDEN)

Vanguard Group Inc. lifted its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,490,019 shares of the company’s stock after acquiring an additional 57,285 shares during the period. Vanguard Group Inc. owned 5.43% of Golden Entertainment worth $47,085,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its stake in shares of Golden Entertainment by 7.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company’s stock valued at $143,000 after purchasing an additional 317 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Golden Entertainment during the 4th quarter valued at $288,000. Nisa Investment Advisors LLC lifted its position in Golden Entertainment by 42.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,190 shares of the company’s stock worth $325,000 after buying an additional 3,037 shares during the last quarter. HighTower Advisors LLC boosted its stake in Golden Entertainment by 1.9% during the third quarter. HighTower Advisors LLC now owns 17,580 shares of the company’s stock worth $557,000 after buying an additional 333 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in Golden Entertainment during the fourth quarter valued at $608,000. Hedge funds and other institutional investors own 70.73% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company initiated coverage on shares of Golden Entertainment in a report on Monday, December 16th. They issued an “overweight” rating and a $38.00 target price for the company. Macquarie reiterated an “outperform” rating and set a $40.00 target price on shares of Golden Entertainment in a research report on Friday, February 28th. Jefferies Financial Group upped their price target on shares of Golden Entertainment from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Friday, January 3rd. StockNews.com lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, JMP Securities restated a “market outperform” rating and issued a $36.00 target price on shares of Golden Entertainment in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.86.

Golden Entertainment Stock Down 1.5 %

NASDAQ:GDEN opened at $25.12 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03. The firm has a market cap of $665.96 million, a PE ratio of 20.26 and a beta of 1.99. The company has a 50-day moving average of $29.08 and a 200 day moving average of $30.91. Golden Entertainment, Inc. has a 1-year low of $22.66 and a 1-year high of $35.57.

Golden Entertainment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.98%. Golden Entertainment’s dividend payout ratio is presently 59.88%.

Golden Entertainment Company 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.