Franklin Resources Inc. Sells 2,709 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

Franklin Resources Inc. lowered its position in Golden Entertainment, Inc. (NASDAQ:GDEN) by 17.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,626 shares of the company’s stock after selling 2,709 shares during the period. Franklin Resources Inc.’s holdings in Golden Entertainment were worth $399,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. grew its position in shares of Golden Entertainment by 86.0% during the fourth quarter. Meeder Asset Management Inc. now owns 2,474 shares of the company’s stock worth $78,000 after purchasing an additional 1,144 shares in the last quarter. Intech Investment Management LLC bought a new position in Golden Entertainment in the 4th quarter worth approximately $288,000. Nisa Investment Advisors LLC grew its holdings in Golden Entertainment by 42.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,190 shares of the company’s stock valued at $325,000 after buying an additional 3,037 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Golden Entertainment by 1.9% during the third quarter. HighTower Advisors LLC now owns 17,580 shares of the company’s stock valued at $557,000 after buying an additional 333 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Golden Entertainment in the fourth quarter worth $608,000. Hedge funds and other institutional investors own 70.73% of the company’s stock.

Golden Entertainment Trading Up 0.2 %

Shares of GDEN stock opened at $25.56 on Friday. The company has a market cap of $675.68 million, a PE ratio of 20.61 and a beta of 1.99. Golden Entertainment, Inc. has a 1 year low of $22.66 and a 1 year high of $35.49. The stock’s 50 day simple moving average is $28.48 and its two-hundred day simple moving average is $30.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03.

Golden Entertainment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.00 dividend on an annualized basis and a yield of 3.91%. Golden Entertainment’s dividend payout ratio is presently 59.88%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GDEN. Macquarie reiterated an “outperform” rating and issued a $40.00 price target on shares of Golden Entertainment in a research note on Friday, February 28th. JMP Securities dropped their price target on Golden Entertainment from $37.00 to $36.00 and set a “market outperform” rating for the company in a research note on Thursday. Jefferies Financial Group lifted their price objective on Golden Entertainment from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Friday, January 3rd. Finally, StockNews.com downgraded Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.86.

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.