Hsbc Holdings PLC bought a new position in Golden Entertainment, Inc. (NASDAQ:GDEN – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,409 shares of the company’s stock, valued at approximately $228,000.
Several other hedge funds have also modified their holdings of the company. Innealta Capital LLC bought a new position in shares of Golden Entertainment during the 2nd quarter worth approximately $34,000. nVerses Capital LLC acquired a new position in shares of Golden Entertainment during the second quarter worth $37,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Golden Entertainment during the 2nd quarter valued at $54,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Golden Entertainment in the 2nd quarter worth $89,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Golden Entertainment by 17.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,904 shares of the company’s stock worth $184,000 after buying an additional 892 shares during the last quarter. 70.73% of the stock is owned by hedge funds and other institutional investors.
Golden Entertainment Stock Performance
GDEN opened at $31.19 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 0.72. Golden Entertainment, Inc. has a 12-month low of $27.42 and a 12-month high of $42.14. The firm has a 50 day moving average of $31.13 and a two-hundred day moving average of $31.54. The firm has a market capitalization of $902.92 million, a PE ratio of 3.36 and a beta of 2.23.
Golden Entertainment Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th were issued a $0.25 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.21%. Golden Entertainment’s dividend payout ratio (DPR) is presently 10.79%.
Insider Transactions at Golden Entertainment
In related news, Director Mark A. Lipparelli sold 773 shares of Golden Entertainment stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $33.32, for a total transaction of $25,756.36. Following the completion of the transaction, the director now directly owns 82,740 shares in the company, valued at approximately $2,756,896.80. This trade represents a 0.00 % decrease in their ownership of the stock. 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.
Wall Street Analyst Weigh In
A number of research firms have commented on GDEN. JMP Securities decreased their price target on Golden Entertainment from $39.00 to $36.00 and set a “market outperform” rating for the company in a research note on Friday, August 9th. Macquarie decreased their price objective on shares of Golden Entertainment from $41.00 to $39.00 and set an “outperform” rating for the company in a research report on Friday. B. Riley dropped their target price on shares of Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. StockNews.com cut shares of Golden Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Truist Financial dropped their price objective on shares of Golden Entertainment from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.80.
Check Out Our Latest Stock Report on Golden Entertainment
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.
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