Systematic Financial Management LP Buys 124,218 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

Systematic Financial Management LP grew its stake in Golden Entertainment, Inc. (NASDAQ:GDEN) by 78.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 283,020 shares of the company’s stock after purchasing an additional 124,218 shares during the period. Systematic Financial Management LP owned approximately 0.98% of Golden Entertainment worth $8,805,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of GDEN. Charles Schwab Investment Management Inc. grew its stake in shares of Golden Entertainment by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 172,204 shares of the company’s stock valued at $6,876,000 after purchasing an additional 4,220 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of Golden Entertainment in the 4th quarter valued at approximately $386,000. RK Capital Management LLC grew its stake in shares of Golden Entertainment by 18.7% in the 4th quarter. RK Capital Management LLC now owns 210,100 shares of the company’s stock valued at $8,389,000 after purchasing an additional 33,100 shares during the period. Gabelli Funds LLC grew its stake in shares of Golden Entertainment by 12.0% in the 4th quarter. Gabelli Funds LLC now owns 169,000 shares of the company’s stock valued at $6,748,000 after purchasing an additional 18,128 shares during the period. Finally, Inscription Capital LLC acquired a new position in shares of Golden Entertainment in the 1st quarter worth approximately $226,000. 70.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on GDEN shares. StockNews.com downgraded Golden Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. JMP Securities reduced their target price on Golden Entertainment from $39.00 to $36.00 and set a “market outperform” rating on the stock in a report on Friday, August 9th. Macquarie reduced their target price on Golden Entertainment from $44.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. B. Riley reduced their target price on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Finally, Truist Financial reduced their price objective on Golden Entertainment from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Golden Entertainment has a consensus rating of “Moderate Buy” and an average target price of $38.20.

Insiders Place Their Bets

In other news, Director Mark A. Lipparelli sold 773 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $33.32, for a total transaction of $25,756.36. Following the completion of the sale, the director now owns 82,740 shares of the company’s stock, valued at $2,756,896.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 29.10% of the company’s stock.

Golden Entertainment Trading Down 0.7 %

Shares of NASDAQ GDEN opened at $32.19 on Monday. The company’s 50 day simple moving average is $31.15 and its 200 day simple moving average is $31.63. Golden Entertainment, Inc. has a fifty-two week low of $27.42 and a fifty-two week high of $42.14. The firm has a market capitalization of $931.87 million, a P/E ratio of 3.47 and a beta of 2.23. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.77 and a quick ratio of 0.73.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.06). Golden Entertainment had a net margin of 33.07% and a negative return on equity of 0.33%. The business had revenue of $167.33 million during the quarter, compared to analyst estimates of $176.34 million. On average, analysts predict that Golden Entertainment, Inc. will post 0.23 EPS for the current year.

Golden Entertainment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $1.00 annualized dividend and a yield of 3.11%. Golden Entertainment’s dividend payout ratio (DPR) is presently 10.79%.

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.