Golden Entertainment, Inc. (NASDAQ:GDEN) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,600 shares of the company’s stock after acquiring an additional 849 shares during the period. Victory Capital Management Inc. owned 0.12% of Golden Entertainment worth $808,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. New York State Common Retirement Fund boosted its stake in Golden Entertainment by 10.6% during the 1st quarter. New York State Common Retirement Fund now owns 425,565 shares of the company’s stock worth $11,231,000 after purchasing an additional 40,826 shares during the period. Envestnet Asset Management Inc. increased its stake in Golden Entertainment by 9.0% in the first quarter. Envestnet Asset Management Inc. now owns 80,241 shares of the company’s stock valued at $2,118,000 after purchasing an additional 6,621 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Golden Entertainment by 2.6% in the first quarter. Principal Financial Group Inc. now owns 102,344 shares of the company’s stock valued at $2,701,000 after buying an additional 2,639 shares during the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Golden Entertainment by 10.7% during the first quarter. DAVENPORT & Co LLC now owns 1,431,300 shares of the company’s stock worth $37,956,000 after buying an additional 138,137 shares during the period. Finally, Inscription Capital LLC acquired a new stake in shares of Golden Entertainment during the first quarter worth about $165,000. 70.73% of the stock is owned by institutional investors and hedge funds.

Golden Entertainment Stock Performance

NASDAQ GDEN opened at $27.61 on Friday. The stock has a market capitalization of $729.73 million, a price-to-earnings ratio of 70.79 and a beta of 1.83. The business’s 50 day moving average is $29.10 and its two-hundred day moving average is $29.02. Golden Entertainment, Inc. has a 12-month low of $22.66 and a 12-month high of $35.49. The company has a current ratio of 0.95, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86.

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 analysts’ consensus estimates of $0.10 by ($0.01). Golden Entertainment had a net margin of 1.72% and a return on equity of 3.10%. The business had revenue of $160.84 million during the quarter, compared to analysts’ expectations of $164.37 million. Research analysts expect that Golden Entertainment, Inc. will post 0.2 EPS for the current year.

Golden Entertainment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Wednesday, June 25th. Golden Entertainment’s payout ratio is presently 256.41%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GDEN shares. Citigroup restated an “outperform” rating on shares of Golden Entertainment in a research report on Friday, July 18th. Wall Street Zen raised Golden Entertainment from a “hold” rating to a “buy” rating in a report on Monday, May 12th. JMP Securities cut their price target on Golden Entertainment from $36.00 to $35.00 and set a “market outperform” rating for the company in a research note on Friday, July 18th. Finally, Truist Financial lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating and lowered their price objective for the company from $36.00 to $34.00 in a research report on Wednesday, July 16th. Two equities research 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, the company currently has an average rating of “Moderate Buy” and an average price target of $36.50.

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.