Swiss National Bank Trims Stake in Golden Entertainment, Inc. $GDEN

Swiss National Bank reduced its stake in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 1.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,400 shares of the company’s stock after selling 600 shares during the quarter. Swiss National Bank owned 0.15% of Golden Entertainment worth $1,013,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in Golden Entertainment by 14.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 352,843 shares of the company’s stock valued at $9,312,000 after acquiring an additional 43,647 shares in the last quarter. XTX Topco Ltd acquired a new stake in Golden Entertainment in the first quarter valued at approximately $529,000. GSA Capital Partners LLP grew its holdings in Golden Entertainment by 21.8% in the first quarter. GSA Capital Partners LLP now owns 29,482 shares of the company’s stock valued at $778,000 after purchasing an additional 5,273 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Golden Entertainment by 29.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,654 shares of the company’s stock valued at $202,000 after purchasing an additional 1,750 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Golden Entertainment in the first quarter valued at approximately $222,000. 70.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the company. Citigroup reissued an “outperform” rating on shares of Golden Entertainment in a report on Friday, July 18th. 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 dropped their price objective on Golden Entertainment from $36.00 to $35.00 and set a “market outperform” rating on the stock in a report on Friday, July 18th. Wells Fargo & Company dropped their price objective on Golden Entertainment from $36.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, August 12th. Finally, Wall Street Zen raised Golden Entertainment from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.33.

Golden Entertainment Stock Performance

Shares of NASDAQ:GDEN opened at $25.08 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.12 and a quick ratio of 1.03. The business’s 50 day moving average price is $28.31 and its 200-day moving average price is $28.12. The firm has a market capitalization of $656.09 million, a PE ratio of 46.45 and a beta of 1.83. 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 quarterly earnings results on Thursday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $163.62 million for the quarter, compared to analyst estimates of $169.70 million. Golden Entertainment had a return on equity of 3.23% and a net margin of 2.35%. As a group, equities research analysts expect that Golden Entertainment, Inc. will post 0.2 earnings per share for the current fiscal year.

Golden Entertainment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Thursday, September 25th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.0%. Golden Entertainment’s payout ratio is currently 185.19%.

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.