Golden Entertainment, Inc. (NASDAQ:GDEN) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC grew its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 405.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,871 shares of the company’s stock after acquiring an additional 1,501 shares during the quarter. Lazard Asset Management LLC’s holdings in Golden Entertainment were worth $59,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of GDEN. Deprince Race & Zollo Inc. bought a new stake in Golden Entertainment in the 4th quarter valued at about $17,704,000. DAVENPORT & Co LLC increased its stake 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 valued at $40,864,000 after purchasing an additional 271,782 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Golden Entertainment by 61.8% during the fourth quarter. Russell Investments Group Ltd. now owns 190,033 shares of the company’s stock valued at $6,005,000 after buying an additional 72,588 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Golden Entertainment by 37.6% during the fourth quarter. Bank of New York Mellon Corp now owns 241,658 shares of the company’s stock worth $7,636,000 after buying an additional 66,061 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Golden Entertainment by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 1,490,019 shares of the company’s stock worth $47,085,000 after buying an additional 57,285 shares during the period. Institutional investors own 70.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on GDEN shares. Wall Street Zen raised Golden Entertainment from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. JMP Securities lowered their price target on Golden Entertainment from $37.00 to $36.00 and set a “market outperform” rating on the stock in a report on Thursday, April 17th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Golden Entertainment in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

Golden Entertainment Stock Down 0.0%

Shares of GDEN stock opened at $28.10 on Monday. Golden Entertainment, Inc. has a 1 year low of $22.66 and a 1 year high of $35.49. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. The business’s fifty day moving average is $26.69 and its 200-day moving average is $30.15. The stock has a market cap of $742.82 million, a PE ratio of 22.66 and a beta of 1.85.

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

Golden Entertainment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $1.00 annualized dividend and a dividend yield of 3.56%. Golden Entertainment’s dividend payout ratio is currently 256.41%.

About Golden Entertainment

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.