Golden Entertainment Inc (NASDAQ:GDEN) Director Lyle Berman sold 36,493 shares of the business’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $27.49, for a total transaction of $1,003,192.57. Following the transaction, the director now owns 913,293 shares of the company’s stock, valued at approximately $25,106,424.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
GDEN traded down $2.16 on Thursday, reaching $24.83. The company had a trading volume of 403,800 shares, compared to its average volume of 336,867. Golden Entertainment Inc has a 1 year low of $22.55 and a 1 year high of $34.75. The stock has a market cap of $798.12 million, a PE ratio of 73.03, a price-to-earnings-growth ratio of 3.26 and a beta of 0.50. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.38 and a quick ratio of 2.29.
Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.11). Golden Entertainment had a net margin of 0.36% and a return on equity of 1.89%. The company had revenue of $216.54 million during the quarter, compared to analysts’ expectations of $223.40 million. equities analysts expect that Golden Entertainment Inc will post 0.89 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Gamco Investors INC. ET AL lifted its position in Golden Entertainment by 10.4% in the second quarter. Gamco Investors INC. ET AL now owns 188,400 shares of the company’s stock valued at $5,085,000 after acquiring an additional 17,742 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Golden Entertainment by 60.0% in the first quarter. The Manufacturers Life Insurance Company now owns 13,496 shares of the company’s stock valued at $313,000 after acquiring an additional 5,060 shares during the last quarter. UBS Group AG lifted its position in Golden Entertainment by 519.6% in the first quarter. UBS Group AG now owns 44,193 shares of the company’s stock valued at $1,026,000 after acquiring an additional 37,061 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Golden Entertainment in the first quarter valued at about $9,617,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Golden Entertainment by 196.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 61,142 shares of the company’s stock valued at $1,421,000 after buying an additional 40,542 shares during the last quarter. 63.30% of the stock is owned by hedge funds and other institutional investors.
GDEN has been the subject of a number of analyst reports. BidaskClub upgraded shares of Golden Entertainment from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 22nd. Telsey Advisory Group boosted their price target on shares of Golden Entertainment from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Tuesday, May 29th. TheStreet raised shares of Golden Entertainment from a “c+” rating to a “b” rating in a research report on Monday, June 4th. Zacks Investment Research raised shares of Golden Entertainment from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 11th. Finally, Jefferies Financial Group boosted their price target on shares of Golden Entertainment from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Golden Entertainment currently has a consensus rating of “Buy” and a consensus target price of $37.00.
Golden Entertainment Company Profile
Golden Entertainment, Inc, together with its subsidiaries, focuses on distributed gaming, and resort casino operations in the United States. The Distributed Gaming segment is involved in the installation, maintenance, and operation of slots and amusement devices in non-casino locations, such as grocery stores, convenience stores, restaurants, bars, taverns, and liquor stores; and operation of branded taverns targeting local patrons primarily in the greater Las Vegas, Nevada metropolitan area.
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