HighTower Advisors LLC Has $557,000 Stock Holdings in Golden Entertainment, Inc. (NASDAQ:GDEN)

HighTower Advisors LLC raised its stake in Golden Entertainment, Inc. (NASDAQ:GDEN) by 1.9% in the third quarter, Holdings Channel reports. The firm owned 17,580 shares of the company’s stock after acquiring an additional 333 shares during the quarter. HighTower Advisors LLC’s holdings in Golden Entertainment were worth $557,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GDEN. Innealta Capital LLC bought a new position in shares of Golden Entertainment in the second quarter valued at $34,000. nVerses Capital LLC bought a new position in shares of Golden Entertainment in the 2nd quarter valued at about $37,000. Meeder Asset Management Inc. bought a new position in shares of Golden Entertainment in the 3rd quarter valued at about $42,000. Quarry LP acquired a new position in shares of Golden Entertainment during the 2nd quarter worth about $52,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Golden Entertainment in the 2nd quarter valued at about $54,000. Institutional investors and hedge funds own 70.73% of the company’s stock.

Insider Activity at Golden Entertainment

In other news, Director Terrence Wright sold 16,586 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $31.26, for a total value of $518,478.36. Following the transaction, the director now owns 61,616 shares of the company’s stock, valued at approximately $1,926,116.16. This represents a 21.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 29.10% of the stock is currently owned by corporate insiders.

Golden Entertainment Stock Performance

NASDAQ GDEN opened at $31.12 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. The company has a market capitalization of $853.59 million, a PE ratio of 25.10 and a beta of 2.22. The company has a 50-day simple moving average of $32.06 and a 200 day simple moving average of $31.15. Golden Entertainment, Inc. has a 52-week low of $27.42 and a 52-week high of $40.85.

Golden Entertainment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.21%. Golden Entertainment’s payout ratio is 80.65%.

Analyst Ratings Changes

Several analysts recently commented on GDEN shares. Macquarie reduced their target price on shares of Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Wells Fargo & Company began coverage on shares of Golden Entertainment in a research report on Monday, December 16th. They issued an “overweight” rating and a $38.00 target price for the company. StockNews.com lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday. Truist Financial cut their price target on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, B. Riley reduced their price objective on shares of Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.33.

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.