Nisa Investment Advisors LLC Acquires 3,037 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

Nisa Investment Advisors LLC grew its stake in Golden Entertainment, Inc. (NASDAQ:GDEN) by 42.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,190 shares of the company’s stock after purchasing an additional 3,037 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Golden Entertainment were worth $325,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GDEN. Systematic Financial Management LP boosted its holdings in shares of Golden Entertainment by 24.5% during the 3rd quarter. Systematic Financial Management LP now owns 352,227 shares of the company’s stock valued at $11,197,000 after buying an additional 69,207 shares in the last quarter. Barclays PLC boosted its stake in Golden Entertainment by 84.7% during the third quarter. Barclays PLC now owns 48,918 shares of the company’s stock worth $1,556,000 after acquiring an additional 22,440 shares in the last quarter. Geode Capital Management LLC grew its holdings in Golden Entertainment by 4.3% in the third quarter. Geode Capital Management LLC now owns 587,006 shares of the company’s stock worth $18,664,000 after purchasing an additional 24,264 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Golden Entertainment by 7.6% during the third quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company’s stock valued at $143,000 after purchasing an additional 317 shares during the last quarter. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Golden Entertainment in the 2nd quarter worth approximately $1,848,000. 70.73% of the stock is owned by hedge funds and other institutional investors.

Golden Entertainment Stock Up 0.5 %

Shares of Golden Entertainment stock opened at $33.35 on Thursday. Golden Entertainment, Inc. has a twelve month low of $27.42 and a twelve month high of $39.92. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. The company’s 50 day moving average is $32.46 and its 200 day moving average is $31.56. The company has a market cap of $914.76 million, a price-to-earnings ratio of 26.90 and a beta of 2.22.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.10 by $0.08. Golden Entertainment had a return on equity of 0.69% and a net margin of 5.23%. The company had revenue of $161.23 million during the quarter, compared to analyst estimates of $162.22 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. Research analysts anticipate that Golden Entertainment, Inc. will post 0.2 EPS for the current year.

Golden Entertainment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th were paid a $0.25 dividend. The ex-dividend date was Friday, December 20th. This represents a $1.00 annualized dividend and a dividend yield of 3.00%. Golden Entertainment’s dividend payout ratio (DPR) is 80.65%.

Analysts Set New Price Targets

A number of research firms recently weighed in on GDEN. Truist Financial lowered their price objective on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Wells Fargo & Company initiated coverage on Golden Entertainment in a research report on Monday, December 16th. They issued an “overweight” rating and a $38.00 price target for the company. Jefferies Financial Group increased their price objective on shares of Golden Entertainment from $31.00 to $32.00 and gave the company a “hold” rating in a research report on Friday, January 3rd. StockNews.com downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Finally, JMP Securities reissued a “market outperform” rating and set a $36.00 price target on shares of Golden Entertainment in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.57.

Insiders Place Their Bets

In other news, Director Terrence Wright sold 16,586 shares of Golden Entertainment stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $31.26, for a total transaction of $518,478.36. Following the sale, the director now owns 61,616 shares in the company, valued at $1,926,116.16. This trade represents a 21.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 29.10% of the company’s stock.

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.