Golden Entertainment, Inc. (NASDAQ:GDEN) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,692 shares of the company’s stock after selling 427 shares during the period. State of Alaska Department of Revenue’s holdings in Golden Entertainment were worth $369,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. DAVENPORT & Co LLC grew its holdings in shares of Golden Entertainment by 26.6% during the fourth quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company’s stock worth $40,864,000 after buying an additional 271,782 shares during the last quarter. Systematic Financial Management LP boosted its position in Golden Entertainment by 24.5% during the third quarter. Systematic Financial Management LP now owns 352,227 shares of the company’s stock worth $11,197,000 after acquiring an additional 69,207 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Golden Entertainment by 16.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,709 shares of the company’s stock valued at $8,860,000 after buying an additional 38,385 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Golden Entertainment during the 3rd quarter worth $875,000. Finally, Geode Capital Management LLC raised 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 valued at $18,664,000 after buying an additional 24,264 shares during the period. Institutional investors and hedge funds own 70.73% of the company’s stock.

Golden Entertainment Trading Up 0.6 %

NASDAQ:GDEN opened at $34.09 on Friday. The company’s 50 day moving average is $32.31 and its 200-day moving average is $31.70. Golden Entertainment, Inc. has a 12 month low of $27.42 and a 12 month high of $38.70. The firm has a market cap of $935.09 million, a price-to-earnings ratio of 27.49 and a beta of 2.21. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75.

Insider Activity

In other news, Director Terrence Wright sold 16,586 shares of Golden Entertainment stock in a transaction dated 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 directly owns 61,616 shares in the company, valued at approximately $1,926,116.16. The trade was a 21.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 29.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

GDEN has been the subject of several recent analyst reports. Macquarie lowered their target price on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. StockNews.com lowered Golden Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. JMP Securities reiterated a “market outperform” rating and issued a $36.00 price target on shares of Golden Entertainment in a research report on Thursday, January 16th. Wells Fargo & Company initiated coverage on shares of Golden Entertainment in a report on Monday, December 16th. They set an “overweight” rating and a $38.00 price target on the stock. Finally, Jefferies Financial Group boosted 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. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Golden Entertainment has an average rating of “Moderate Buy” and a consensus target price of $36.57.

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.