Golden Entertainment, Inc. (NASDAQ:GDEN) Position Decreased by Geode Capital Management LLC

Geode Capital Management LLC reduced its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN) by 16.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 490,883 shares of the company’s stock after selling 96,123 shares during the quarter. Geode Capital Management LLC owned 1.79% of Golden Entertainment worth $15,516,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Jane Street Group LLC increased its holdings in shares of Golden Entertainment by 5.2% in the third quarter. Jane Street Group LLC now owns 35,033 shares of the company’s stock valued at $1,114,000 after buying an additional 1,740 shares in the last quarter. Barclays PLC boosted its position in shares of Golden Entertainment by 84.7% in the 3rd quarter. Barclays PLC now owns 48,918 shares of the company’s stock valued at $1,556,000 after purchasing an additional 22,440 shares during the period. Nisa Investment Advisors LLC raised 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 worth $325,000 after buying an additional 3,037 shares during the period. Exchange Traded Concepts LLC lifted its stake in Golden Entertainment by 5.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 31,795 shares of the company’s stock valued at $1,005,000 after buying an additional 1,672 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its holdings in shares of Golden Entertainment by 26.6% in the fourth quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company’s stock worth $40,864,000 after buying an additional 271,782 shares during the period. 70.73% of the stock is owned by institutional investors and hedge funds.

Golden Entertainment Stock Performance

Shares of GDEN opened at $25.56 on Monday. The firm has a market cap of $675.68 million, a price-to-earnings ratio of 20.61 and a beta of 1.99. The company’s fifty day moving average is $28.33 and its 200-day moving average is $30.69. 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 12 month low of $22.66 and a 12 month high of $35.49.

Golden Entertainment Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Macquarie reiterated an “outperform” rating and set a $40.00 price objective on shares of Golden Entertainment in a research report on Friday, February 28th. Jefferies Financial Group upped their target price on Golden Entertainment from $31.00 to $32.00 and gave the company a “hold” rating in a report on Friday, January 3rd. JMP Securities decreased their price target on shares of Golden Entertainment from $37.00 to $36.00 and set a “market outperform” rating for the company in a report on Thursday. Finally, StockNews.com downgraded shares of 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 given a buy rating to the company’s stock. According to MarketBeat.com, Golden Entertainment presently has an average rating of “Moderate Buy” and a consensus target price of $36.86.

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.