Victory Capital Management Inc. Takes Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

Victory Capital Management Inc. purchased a new stake in Golden Entertainment, Inc. (NASDAQ:GDEN) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,525 shares of the company’s stock, valued at approximately $875,000. Victory Capital Management Inc. owned approximately 0.10% of Golden Entertainment as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Systematic Financial Management LP increased its position in shares of Golden Entertainment by 78.2% in the second quarter. Systematic Financial Management LP now owns 283,020 shares of the company’s stock valued at $8,805,000 after buying an additional 124,218 shares in the last quarter. Peregrine Capital Management LLC increased its position in shares of Golden Entertainment by 43.0% in the second quarter. Peregrine Capital Management LLC now owns 248,875 shares of the company’s stock valued at $7,743,000 after buying an additional 74,867 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Golden Entertainment in the second quarter valued at $1,180,000. SG Americas Securities LLC purchased a new position in shares of Golden Entertainment in the second quarter valued at $263,000. Finally, nVerses Capital LLC purchased a new position in shares of Golden Entertainment in the second quarter valued at $37,000. Hedge funds and other institutional investors own 70.73% of the company’s stock.

Golden Entertainment Stock Down 0.1 %

GDEN opened at $33.26 on Thursday. The business’s fifty day simple moving average is $31.38 and its 200 day simple moving average is $30.77. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. Golden Entertainment, Inc. has a 52 week low of $27.42 and a 52 week high of $42.14. The firm has a market cap of $912.32 million, a P/E ratio of 26.84 and a beta of 2.24.

Golden Entertainment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Friday, December 20th. Golden Entertainment’s payout ratio is 80.65%.

Insiders Place Their Bets

In other Golden Entertainment news, Director Mark A. Lipparelli sold 773 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $33.32, for a total value of $25,756.36. Following the sale, the director now directly owns 82,740 shares of the company’s stock, valued at approximately $2,756,896.80. This trade represents a 0.93 % decrease in their position. 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.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GDEN. B. Riley dropped their price target on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Truist Financial decreased their price objective on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Macquarie decreased their price objective on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, JMP Securities increased their price objective on Golden Entertainment from $35.00 to $36.00 and gave the company a “market outperform” rating in a research note on Monday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.20.

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.