Amalgamated Bank Decreases Stake in Golden Entertainment, Inc. (NASDAQ:GDEN)

Amalgamated Bank reduced its position in Golden Entertainment, Inc. (NASDAQ:GDEN) by 6.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,889 shares of the company’s stock after selling 377 shares during the period. Amalgamated Bank’s holdings in Golden Entertainment were worth $186,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GDEN. New York State Teachers Retirement System raised its stake in shares of Golden Entertainment by 6.4% in the 3rd quarter. New York State Teachers Retirement System now owns 8,230 shares of the company’s stock valued at $262,000 after purchasing an additional 494 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Golden Entertainment in the 3rd quarter valued at about $875,000. Empowered Funds LLC raised its stake in shares of Golden Entertainment by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 8,420 shares of the company’s stock valued at $268,000 after purchasing an additional 402 shares in the last quarter. Accredited Investors Inc. acquired a new stake in shares of Golden Entertainment in the 3rd quarter valued at about $374,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Golden Entertainment in the 3rd quarter valued at about $42,000. 70.73% of the stock is owned by hedge funds and other institutional investors.

Golden Entertainment Price Performance

Shares of NASDAQ:GDEN opened at $30.01 on Wednesday. The firm’s 50 day moving average is $32.21 and its two-hundred day moving average is $31.93. Golden Entertainment, Inc. has a 52 week low of $27.42 and a 52 week high of $36.92. The firm has a market capitalization of $823.14 million, a P/E ratio of 24.20 and a beta of 2.21. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75.

Golden Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be paid a $0.25 dividend. The ex-dividend date is Friday, March 21st. This represents a $1.00 annualized dividend and a dividend yield of 3.33%. Golden Entertainment’s payout ratio is currently 59.88%.

Wall Street Analysts Forecast Growth

GDEN has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. JMP Securities restated a “market outperform” rating and issued a $36.00 target price on shares of Golden Entertainment in a research note on Thursday, January 16th. Macquarie reiterated an “outperform” rating and set a $40.00 price objective on shares of Golden Entertainment in a research note on Friday, February 28th. Wells Fargo & Company began coverage on shares of Golden Entertainment in a research note on Monday, December 16th. They set an “overweight” rating and a $38.00 price objective on the stock. Finally, Jefferies Financial Group increased their price objective on shares of Golden Entertainment from $31.00 to $32.00 and gave the stock a “hold” rating in a research note 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.86.

Insider Buying and Selling at Golden Entertainment

In other news, Director Terrence Wright sold 16,586 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $31.26, for a total value of $518,478.36. Following the completion of the transaction, the director now directly 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 legal filing with the SEC, which is accessible through this link. 29.10% of the stock is owned by company insiders.

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.