SG Americas Securities LLC Has $389,000 Holdings in Golden Entertainment, Inc. (NASDAQ:GDEN)

SG Americas Securities LLC raised its stake in Golden Entertainment, Inc. (NASDAQ:GDEN) by 45.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,251 shares of the company’s stock after acquiring an additional 3,805 shares during the quarter. SG Americas Securities LLC’s holdings in Golden Entertainment were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GDEN. Inscription Capital LLC acquired a new stake in Golden Entertainment in the 1st quarter valued at about $226,000. Principal Financial Group Inc. increased its position in Golden Entertainment by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 620,654 shares of the company’s stock valued at $22,859,000 after acquiring an additional 5,446 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Golden Entertainment by 31.4% in the 1st quarter. Jennison Associates LLC now owns 545,014 shares of the company’s stock valued at $20,073,000 after purchasing an additional 130,204 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in shares of Golden Entertainment by 15.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 14,212 shares of the company’s stock valued at $523,000 after purchasing an additional 1,896 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its stake in shares of Golden Entertainment by 21.1% in the 1st quarter. William Blair Investment Management LLC now owns 640,420 shares of the company’s stock valued at $23,587,000 after purchasing an additional 111,701 shares during the last quarter. Institutional investors and hedge funds own 70.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on GDEN shares. Macquarie reduced their target price on shares of Golden Entertainment from $41.00 to $39.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Truist Financial reduced their price objective on shares of Golden Entertainment from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. JMP Securities reduced their price objective on shares of Golden Entertainment from $36.00 to $35.00 and set a “market outperform” rating on the stock in a research note on Monday. 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. Finally, StockNews.com lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $37.60.

Insider Buying and Selling

In related news, Director Mark A. Lipparelli sold 773 shares of the business’s stock in a transaction 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 in the company, valued at approximately $2,756,896.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 29.10% of the stock is owned by corporate insiders.

Golden Entertainment Price Performance

NASDAQ GDEN opened at $31.24 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.77 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 company has a market capitalization of $904.37 million, a PE ratio of 3.37 and a beta of 2.23. The firm’s 50 day moving average is $31.14 and its 200-day moving average is $31.21.

Golden Entertainment (NASDAQ:GDEN) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share (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 business had revenue of $167.33 million during the quarter, compared to analyst estimates of $176.34 million. Equities research analysts anticipate that Golden Entertainment, Inc. will post 0.18 earnings per share for the current fiscal year.

Golden Entertainment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, September 17th. This represents a $1.00 dividend on an annualized basis and a yield of 3.20%. Golden Entertainment’s payout ratio is 10.79%.

Golden Entertainment Company 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.