Northern Trust Corp Has $6.24 Million Stock Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

Northern Trust Corp lifted its stake in Golden Entertainment, Inc. (NASDAQ:GDEN) by 5.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 197,500 shares of the company’s stock after acquiring an additional 10,903 shares during the period. Northern Trust Corp owned 0.72% of Golden Entertainment worth $6,241,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Golden Entertainment by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 1,490,019 shares of the company’s stock valued at $47,085,000 after purchasing an additional 57,285 shares during the period. DAVENPORT & Co LLC boosted its holdings in shares of Golden Entertainment by 26.6% in the 4th quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company’s stock worth $40,864,000 after acquiring an additional 271,782 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Golden Entertainment by 4.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 673,667 shares of the company’s stock worth $21,288,000 after acquiring an additional 27,508 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in Golden Entertainment by 5.4% during the 4th quarter. New York State Common Retirement Fund now owns 384,739 shares of the company’s stock worth $12,158,000 after buying an additional 19,587 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Golden Entertainment by 10.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 309,196 shares of the company’s stock worth $9,771,000 after buying an additional 30,487 shares in the last quarter. 70.73% of the stock is currently owned by institutional investors.

Golden Entertainment Price Performance

GDEN stock opened at $28.63 on Tuesday. The firm has a market cap of $756.83 million, a price-to-earnings ratio of 23.09 and a beta of 1.85. 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. The company’s fifty day simple moving average is $26.56 and its 200 day simple moving average is $30.20.

Golden Entertainment (NASDAQ:GDEN) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). Golden Entertainment had a net margin of 5.23% and a return on equity of 0.69%. The company had revenue of $160.84 million during the quarter, compared to the consensus estimate of $164.37 million. On average, analysts expect that Golden Entertainment, Inc. will post 0.2 earnings per share for the current year.

Golden Entertainment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Wednesday, June 25th. Golden Entertainment’s payout ratio is 256.41%.

Wall Street Analysts Forecast Growth

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

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.