American Century Companies Inc. Purchases 754 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

American Century Companies Inc. grew its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 0.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 343,370 shares of the company’s stock after acquiring an additional 754 shares during the quarter. American Century Companies Inc. owned 1.19% of Golden Entertainment worth $10,682,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its holdings in Golden Entertainment by 2,745.8% during the second quarter. Assenagon Asset Management S.A. now owns 183,156 shares of the company’s stock worth $5,698,000 after purchasing an additional 176,720 shares during the last quarter. Jennison Associates LLC lifted its position in Golden Entertainment by 31.4% during the 1st quarter. Jennison Associates LLC now owns 545,014 shares of the company’s stock worth $20,073,000 after buying an additional 130,204 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of Golden Entertainment by 21.1% during the 1st quarter. William Blair Investment Management LLC now owns 640,420 shares of the company’s stock worth $23,587,000 after buying an additional 111,701 shares during the last quarter. Peregrine Capital Management LLC grew its holdings in shares of Golden Entertainment by 43.0% in the 2nd quarter. Peregrine Capital Management LLC now owns 248,875 shares of the company’s stock valued at $7,743,000 after acquiring an additional 74,867 shares in the last quarter. Finally, Crown Advisors Management Inc. increased its position in shares of Golden Entertainment by 100.0% in the first quarter. Crown Advisors Management Inc. now owns 100,000 shares of the company’s stock valued at $3,683,000 after acquiring an additional 50,000 shares during the last quarter. 70.73% of the stock is owned by institutional investors.

Golden Entertainment Price Performance

Golden Entertainment stock opened at $31.37 on Monday. The company has a market capitalization of $908.13 million, a price-to-earnings ratio of 3.38 and a beta of 2.23. 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 stock’s 50 day moving average is $31.05 and its 200-day moving average is $31.68.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $167.33 million during the quarter, compared to analyst estimates of $176.34 million. Equities research analysts expect that Golden Entertainment, Inc. will post 0.25 EPS for the current year.

Golden Entertainment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.19%. The ex-dividend date is Tuesday, September 17th. Golden Entertainment’s dividend payout ratio (DPR) is 10.79%.

Insider Buying and Selling at Golden Entertainment

In other news, Director Mark A. Lipparelli sold 773 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly 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 the SEC website. Insiders own 29.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on GDEN shares. Truist Financial reduced their price target on Golden Entertainment from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, August 9th. JMP Securities cut their price objective on Golden Entertainment from $39.00 to $36.00 and set a “market outperform” rating for the company in a report on Friday, August 9th. Macquarie lowered their target price on shares of Golden Entertainment from $44.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Finally, StockNews.com cut shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $39.40.

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.