Golden Entertainment, Inc. (NASDAQ:GDEN) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 7.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,500 shares of the company’s stock after buying an additional 317 shares during the quarter. BNP Paribas Financial Markets’ holdings in Golden Entertainment were worth $143,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in Golden Entertainment in the 2nd quarter valued at about $34,000. nVerses Capital LLC purchased a new stake in shares of Golden Entertainment in the 2nd quarter valued at approximately $37,000. Meeder Asset Management Inc. acquired a new position in shares of Golden Entertainment in the 3rd quarter worth approximately $42,000. Quarry LP purchased a new position in shares of Golden Entertainment during the 2nd quarter worth approximately $52,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Golden Entertainment during the 2nd quarter worth approximately $54,000. 70.73% of the stock is currently owned by institutional investors and hedge funds.

Golden Entertainment Stock Performance

NASDAQ:GDEN opened at $33.06 on Wednesday. Golden Entertainment, Inc. has a 12 month low of $27.42 and a 12 month high of $41.98. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03. The firm has a market capitalization of $906.80 million, a PE ratio of 26.66 and a beta of 2.22. The business’s fifty day moving average price is $31.91 and its 200 day moving average price is $31.12.

Golden Entertainment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.02%. Golden Entertainment’s payout ratio is currently 80.65%.

Insider Transactions at Golden Entertainment

In related news, Director Mark A. Lipparelli sold 773 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $33.32, for a total value 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. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 29.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GDEN shares. Wells Fargo & Company initiated coverage on Golden Entertainment in a research note on Monday. They set an “overweight” rating and a $38.00 target price on the stock. Truist Financial reduced their price target on shares of Golden Entertainment from $38.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Macquarie lowered their price objective on shares of Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. JMP Securities upped their target price on shares of Golden Entertainment from $35.00 to $36.00 and gave the stock a “market outperform” rating in a research note on Monday, November 25th. Finally, StockNews.com cut shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $37.33.

Golden Entertainment 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.