Golden Entertainment, Inc. (NASDAQ:GDEN) Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP raised its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN) by 21.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,482 shares of the company’s stock after purchasing an additional 5,273 shares during the quarter. GSA Capital Partners LLP owned 0.11% of Golden Entertainment worth $778,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted 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 increased its holdings in Golden Entertainment by 10.7% in the first quarter. DAVENPORT & Co LLC now owns 1,431,300 shares of the company’s stock valued at $37,956,000 after buying an additional 138,137 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new position in shares of Golden Entertainment in the fourth quarter worth about $17,704,000. New York State Common Retirement Fund raised its position in shares of Golden Entertainment by 10.6% in the first quarter. New York State Common Retirement Fund now owns 425,565 shares of the company’s stock worth $11,231,000 after acquiring an additional 40,826 shares during the period. Finally, Systematic Financial Management LP boosted its stake in shares of Golden Entertainment by 3.2% during the 4th quarter. Systematic Financial Management LP now owns 363,625 shares of the company’s stock worth $11,491,000 after acquiring an additional 11,398 shares in the last quarter. 70.73% of the stock is owned by institutional investors and hedge funds.

Golden Entertainment Stock Down 1.8%

Shares of GDEN opened at $27.61 on Friday. The stock has a 50 day moving average price of $29.10 and a 200 day moving average price of $29.02. Golden Entertainment, Inc. has a one year low of $22.66 and a one year high of $35.49. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.95. The stock has a market capitalization of $729.73 million, a price-to-earnings ratio of 70.79 and a beta of 1.83.

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). The business had revenue of $160.84 million for the quarter, compared to analysts’ expectations of $164.37 million. Golden Entertainment had a return on equity of 3.10% and a net margin of 1.72%. Equities research analysts forecast that Golden Entertainment, Inc. will post 0.2 earnings per share for the current fiscal year.

Golden Entertainment Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on GDEN. Wall Street Zen upgraded Golden Entertainment from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Truist Financial lowered Golden Entertainment from a “buy” rating to a “hold” rating and dropped their price objective for the company from $36.00 to $34.00 in a report on Wednesday, July 16th. JMP Securities reduced their target price 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, Citigroup reiterated an “outperform” rating on shares of Golden Entertainment in a research report on Friday, July 18th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.50.

Golden Entertainment Company 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.