Golden Entertainment, Inc. (NASDAQ:GDEN) Shares Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its position in Golden Entertainment, Inc. (NASDAQ:GDEN) by 16.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,678 shares of the company’s stock after purchasing an additional 1,085 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Golden Entertainment were worth $243,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its holdings in Golden Entertainment by 86.0% in the 4th quarter. Meeder Asset Management Inc. now owns 2,474 shares of the company’s stock valued at $78,000 after buying an additional 1,144 shares during the period. Trexquant Investment LP purchased a new stake in Golden Entertainment in the 4th quarter valued at about $256,000. Intech Investment Management LLC purchased a new stake in Golden Entertainment in the 4th quarter valued at about $288,000. Nisa Investment Advisors LLC grew its holdings in Golden Entertainment by 42.5% in 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 during the period. Finally, MGO One Seven LLC grew its holdings in Golden Entertainment by 28.8% in the 4th quarter. MGO One Seven LLC now owns 12,364 shares of the company’s stock valued at $391,000 after buying an additional 2,761 shares during the period. Institutional investors and hedge funds own 70.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. StockNews.com upgraded Golden Entertainment from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Macquarie reiterated an “outperform” rating and set a $40.00 target price on shares of Golden Entertainment in a report on Friday, February 28th. Finally, JMP Securities decreased their target price on Golden Entertainment from $37.00 to $36.00 and set a “market outperform” rating for the company in a report on Thursday, April 17th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.00.

Golden Entertainment Stock Up 0.5%

NASDAQ GDEN opened at $29.43 on Friday. The stock has a market cap of $777.98 million, a PE ratio of 23.73 and a beta of 1.85. Golden Entertainment, Inc. has a fifty-two week low of $22.66 and a fifty-two week high of $35.49. The business has a 50 day moving average price of $26.52 and a two-hundred day moving average price of $30.20. 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 (NASDAQ:GDEN) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $160.84 million during the quarter, compared to analysts’ expectations of $164.37 million. Golden Entertainment had a return on equity of 0.69% and a net margin of 5.23%. As a group, sell-side analysts predict that Golden Entertainment, Inc. will post 0.2 EPS for the current fiscal year.

Golden Entertainment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Wednesday, June 25th. Golden Entertainment’s dividend payout ratio is presently 256.41%.

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.