Charles Schwab Investment Management Inc. Increases Holdings in Golden Entertainment, Inc. (NASDAQ:GDEN)

Charles Schwab Investment Management Inc. grew its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 309,196 shares of the company’s stock after buying an additional 30,487 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.13% of Golden Entertainment worth $9,771,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. DAVENPORT & Co LLC raised its position in shares of Golden Entertainment by 26.6% during the 4th quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company’s stock valued at $40,864,000 after buying an additional 271,782 shares in the last quarter. Geode Capital Management LLC grew its holdings in Golden Entertainment by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 587,006 shares of the company’s stock valued at $18,664,000 after purchasing an additional 24,264 shares during the last quarter. New York State Common Retirement Fund grew its holdings in Golden Entertainment by 5.4% during the 4th quarter. New York State Common Retirement Fund now owns 384,739 shares of the company’s stock valued at $12,158,000 after purchasing an additional 19,587 shares during the last quarter. Systematic Financial Management LP grew its holdings in 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 purchasing an additional 69,207 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its holdings in Golden Entertainment by 4.7% during the 4th quarter. Mutual of America Capital Management LLC now owns 252,882 shares of the company’s stock valued at $7,991,000 after purchasing an additional 11,259 shares during the last quarter. 70.73% of the stock is currently owned by hedge funds and other institutional investors.

Golden Entertainment Price Performance

NASDAQ GDEN opened at $27.32 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. The firm’s 50 day moving average price is $31.23 and its 200-day moving average price is $31.58. Golden Entertainment, Inc. has a 52-week low of $25.17 and a 52-week high of $36.92. The company has a market cap of $724.28 million, a PE ratio of 22.03 and a beta of 2.29.

Golden Entertainment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, March 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.66%. Golden Entertainment’s dividend payout ratio is presently 59.88%.

Analysts Set New Price Targets

Several equities analysts recently commented on GDEN shares. Macquarie reiterated an “outperform” rating and set a $40.00 price target on shares of Golden Entertainment in a report on Friday, February 28th. StockNews.com downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a report on Friday, February 28th. JMP Securities reiterated a “market outperform” rating and set a $36.00 price target on shares of Golden Entertainment in a report on Thursday, January 16th. Wells Fargo & Company started 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 upped their target price 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 issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $36.86.

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.