Nisa Investment Advisors LLC Sells 3,090 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

Nisa Investment Advisors LLC cut its stake in Golden Entertainment, Inc. (NASDAQ:GDEN) by 30.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,100 shares of the company’s stock after selling 3,090 shares during the period. Nisa Investment Advisors LLC’s holdings in Golden Entertainment were worth $189,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GDEN. Beacon Investment Advisors LLC grew its stake in Golden Entertainment by 0.8% in the fourth quarter. Beacon Investment Advisors LLC now owns 44,559 shares of the company’s stock worth $1,408,000 after purchasing an additional 333 shares during the period. SummerHaven Investment Management LLC grew its position in shares of Golden Entertainment by 1.7% during the first quarter. SummerHaven Investment Management LLC now owns 26,706 shares of the company’s stock worth $705,000 after purchasing an additional 439 shares in the last quarter. Two Sigma Securities LLC grew its holdings in Golden Entertainment by 10.9% during the 4th quarter. Two Sigma Securities LLC now owns 7,219 shares of the company’s stock valued at $228,000 after buying an additional 709 shares in the last quarter. Vident Advisory LLC lifted its stake in shares of Golden Entertainment by 6.8% in the 4th quarter. Vident Advisory LLC now owns 15,397 shares of the company’s stock valued at $487,000 after purchasing an additional 985 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Golden Entertainment by 16.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,678 shares of the company’s stock worth $243,000 after acquiring an additional 1,085 shares during the last quarter. 70.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wall Street Zen upgraded Golden Entertainment from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Truist Financial downgraded Golden Entertainment from a “buy” rating to a “hold” rating and dropped their target price for the company from $36.00 to $34.00 in a research report on Wednesday. Finally, JMP Securities dropped their target price 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. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Golden Entertainment currently has an average rating of “Moderate Buy” and an average price target of $36.67.

Golden Entertainment Price Performance

Shares of GDEN stock opened at $29.24 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $772.81 million, a price-to-earnings ratio of 74.97 and a beta of 1.79. The firm’s 50 day moving average is $29.07 and its 200-day moving average is $29.20. Golden Entertainment, Inc. has a 1 year low of $22.66 and a 1 year high of $35.49.

Golden Entertainment (NASDAQ:GDEN) last issued its earnings results on Thursday, May 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). Golden Entertainment had a net margin of 1.72% and a return on equity of 3.10%. The firm had revenue of $160.84 million during the quarter, compared to the consensus estimate of $164.37 million. Sell-side analysts forecast that Golden Entertainment, Inc. will post 0.2 EPS for the current fiscal year.

Golden Entertainment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Wednesday, June 25th. Golden Entertainment’s payout ratio is 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.