Nantahala Capital Management LLC Has $52.83 Million Holdings in Golden Entertainment Inc (GDEN)

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Nantahala Capital Management LLC boosted its stake in shares of Golden Entertainment Inc (NASDAQ:GDEN) by 6.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,957,510 shares of the company’s stock after acquiring an additional 113,183 shares during the quarter. Golden Entertainment comprises about 2.1% of Nantahala Capital Management LLC’s investment portfolio, making the stock its 11th biggest position. Nantahala Capital Management LLC owned 7.12% of Golden Entertainment worth $52,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. MetLife Investment Advisors LLC increased its stake in Golden Entertainment by 52.7% during the first quarter. MetLife Investment Advisors LLC now owns 8,432 shares of the company’s stock worth $196,000 after acquiring an additional 2,910 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Golden Entertainment by 20.4% during the second quarter. First Trust Advisors LP now owns 17,691 shares of the company’s stock valued at $477,000 after buying an additional 3,000 shares during the period. Eagle Asset Management Inc. boosted its position in shares of Golden Entertainment by 7.4% during the second quarter. Eagle Asset Management Inc. now owns 52,224 shares of the company’s stock valued at $1,409,000 after buying an additional 3,587 shares during the period. NumerixS Investment Technologies Inc purchased a new position in shares of Golden Entertainment during the second quarter valued at approximately $108,000. Finally, Teton Advisors Inc. boosted its position in shares of Golden Entertainment by 0.8% during the second quarter. Teton Advisors Inc. now owns 509,297 shares of the company’s stock valued at $13,746,000 after buying an additional 4,000 shares during the period. 63.30% of the stock is currently owned by institutional investors.

Shares of NASDAQ:GDEN opened at $26.99 on Thursday. Golden Entertainment Inc has a 1 year low of $22.55 and a 1 year high of $34.75. The company has a market cap of $798.12 million, a price-to-earnings ratio of 79.38, a price-to-earnings-growth ratio of 3.26 and a beta of 0.50. The company has a quick ratio of 2.29, a current ratio of 2.38 and a debt-to-equity ratio of 2.69.

Golden Entertainment (NASDAQ:GDEN) last announced its earnings results on Wednesday, August 8th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.11). Golden Entertainment had a net margin of 0.36% and a return on equity of 1.89%. The business had revenue of $216.54 million for the quarter, compared to analysts’ expectations of $223.40 million. analysts anticipate that Golden Entertainment Inc will post 0.89 EPS for the current fiscal year.

Several research analysts have issued reports on the company. TheStreet upgraded Golden Entertainment from a “c+” rating to a “b” rating in a research report on Monday, June 4th. BidaskClub lowered Golden Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Jefferies Financial Group boosted their target price on Golden Entertainment from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, August 9th. Zacks Investment Research lowered Golden Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, August 13th. Finally, Telsey Advisory Group boosted their target price on Golden Entertainment from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Tuesday, May 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Golden Entertainment presently has an average rating of “Buy” and an average target price of $37.00.

In related news, COO Stephen A. Arcana sold 8,656 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $28.31, for a total value of $245,051.36. Following the completion of the sale, the chief operating officer now owns 68,434 shares in the company, valued at $1,937,366.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sean T. Higgins sold 11,840 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $28.86, for a total value of $341,702.40. Following the completion of the sale, the vice president now owns 27,063 shares of the company’s stock, valued at approximately $781,038.18. The disclosure for this sale can be found here. Insiders sold 31,846 shares of company stock valued at $916,244 in the last quarter. 33.80% of the stock is owned by company insiders.

About Golden Entertainment

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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Institutional Ownership by Quarter for Golden Entertainment (NASDAQ:GDEN)

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