Golden Entertainment, Inc. (NASDAQ:GDEN) Stock Position Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 2.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 246,321 shares of the company’s stock after selling 7,061 shares during the period. Mutual of America Capital Management LLC owned 0.85% of Golden Entertainment worth $7,663,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GDEN. Dimensional Fund Advisors LP boosted its stake in Golden Entertainment by 100.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 163,629 shares of the company’s stock valued at $5,089,000 after purchasing an additional 82,175 shares during the period. Envestnet Asset Management Inc. acquired a new position in Golden Entertainment during the 2nd quarter valued at about $1,848,000. William Blair Investment Management LLC boosted its stake in Golden Entertainment by 132.1% during the 2nd quarter. William Blair Investment Management LLC now owns 1,486,689 shares of the company’s stock valued at $46,251,000 after purchasing an additional 846,269 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Golden Entertainment during the 2nd quarter valued at about $89,000. Finally, Quest Partners LLC acquired a new position in Golden Entertainment during the 2nd quarter valued at about $1,180,000. Institutional investors own 70.73% of the company’s stock.

Golden Entertainment Stock Down 0.6 %

NASDAQ GDEN opened at $32.79 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.77 and a quick ratio of 0.73. The company’s 50 day simple moving average is $31.02 and its 200 day simple moving average is $31.69. Golden Entertainment, Inc. has a 12 month low of $27.42 and a 12 month high of $42.14. The company has a market capitalization of $949.24 million, a P/E ratio of 3.54 and a beta of 2.23.

Golden Entertainment (NASDAQ:GDEN) last released its earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). Golden Entertainment had a negative return on equity of 0.33% and a net margin of 33.07%. The business had revenue of $167.33 million during the quarter, compared to the consensus estimate of $176.34 million. Equities research analysts expect that Golden Entertainment, Inc. will post 0.25 earnings per share for the current fiscal year.

Golden Entertainment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.05%. Golden Entertainment’s payout ratio is currently 10.79%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. JMP Securities reduced their target price on shares of Golden Entertainment from $39.00 to $36.00 and set a “market outperform” rating for the company in a research note on Friday, August 9th. StockNews.com lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Truist Financial reduced their price target on shares of Golden Entertainment from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Macquarie reduced their price target on shares of Golden Entertainment from $44.00 to $41.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.40.

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.