Deprince Race & Zollo Inc. Grows Stake in Golden Entertainment, Inc. $GDEN

Deprince Race & Zollo Inc. increased its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 839,494 shares of the company’s stock after purchasing an additional 23,476 shares during the quarter. Deprince Race & Zollo Inc. owned 3.21% of Golden Entertainment worth $19,795,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Golden Entertainment in the second quarter valued at $27,000. Parallel Advisors LLC purchased a new position in Golden Entertainment during the 2nd quarter valued at about $35,000. Tower Research Capital LLC TRC raised its position in Golden Entertainment by 168.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,680 shares of the company’s stock worth $79,000 after acquiring an additional 1,680 shares during the last quarter. Creative Planning acquired a new position in Golden Entertainment during the second quarter worth about $201,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Golden Entertainment in the second quarter valued at about $210,000. 70.73% of the stock is currently owned by hedge funds and other institutional investors.

Golden Entertainment Stock Up 0.6%

GDEN stock opened at $27.07 on Monday. The stock has a market capitalization of $708.69 million, a P/E ratio of 150.39 and a beta of 1.52. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.02 and a current ratio of 1.10. Golden Entertainment, Inc. has a one year low of $19.57 and a one year high of $35.49. The company has a 50 day moving average price of $26.79 and a two-hundred day moving average price of $26.51.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.10). The business had revenue of $154.82 million for the quarter, compared to analysts’ expectations of $157.21 million. Golden Entertainment had a return on equity of 1.20% and a net margin of 0.85%. As a group, sell-side analysts expect that Golden Entertainment, Inc. will post 0.2 EPS for the current year.

Golden Entertainment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, December 22nd. Golden Entertainment’s dividend payout ratio (DPR) is presently 555.56%.

Wall Street Analyst Weigh In

GDEN has been the subject of a number of recent research reports. Truist Financial raised their price objective on shares of Golden Entertainment from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Golden Entertainment in a report on Monday, December 22nd. JMP Securities dropped their price target on Golden Entertainment from $35.00 to $34.00 and set a “market outperform” rating for the company in a research report on Tuesday, September 16th. Citizens Jmp cut Golden Entertainment from a “market outperform” rating to a “hold” rating in a report on Friday, November 7th. Finally, Wells Fargo & Company restated a “sell” rating and issued a $30.00 price objective (down from $34.00) on shares of Golden Entertainment in a research report on Thursday, November 6th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Golden Entertainment currently has a consensus rating of “Hold” and a consensus price target of $32.60.

Golden Entertainment Profile

Golden Entertainment, Inc is a diversified gaming and hospitality company that operates in the casino, tavern-casino and slot route markets. The company’s core activities encompass the ownership and management of full-service resort casinos, a portfolio of branded neighborhood tavern-casinos and a large slot distribution network. Headquartered in Summerlin, Nevada, Golden Entertainment serves leisure and local gaming customers across multiple Western U.S. markets.

In its casino and tavern-casino segment, Golden Entertainment owns and operates properties such as Bronco Billy’s Casino & Hotel in Cripple Creek, Colorado, along with a collection of PT’s branded venues throughout Southern Nevada.