Golden Entertainment, Inc. (NASDAQ:GDEN) Director Mark A. Lipparelli Sells 773 Shares of Stock

Golden Entertainment, Inc. (NASDAQ:GDEN) Director Mark A. Lipparelli sold 773 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $33.32, for a total value of $25,756.36. Following the completion of the transaction, the director now directly owns 82,740 shares in the company, valued at $2,756,896.80. The sale was disclosed in a filing with the SEC, which is available through this link.

Golden Entertainment Price Performance

Shares of NASDAQ GDEN opened at $31.37 on Friday. Golden Entertainment, Inc. has a 1-year low of $27.42 and a 1-year high of $42.14. The stock has a fifty day simple moving average of $31.05 and a two-hundred day simple moving average of $31.70. The firm has a market cap of $908.13 million, a price-to-earnings ratio of 3.38 and a beta of 2.23. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 0.72.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share (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 analysts’ expectations of $176.34 million. Analysts anticipate that Golden Entertainment, Inc. will post 0.25 earnings per share for the current year.

Golden Entertainment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Tuesday, September 17th. Golden Entertainment’s dividend payout ratio (DPR) is presently 10.79%.

Institutional Trading of Golden Entertainment

Several large investors have recently modified their holdings of GDEN. Innealta Capital LLC bought a new stake in shares of Golden Entertainment during the second quarter valued at approximately $34,000. nVerses Capital LLC bought a new stake in Golden Entertainment during the second quarter valued at about $37,000. Quarry LP purchased a new stake in shares of Golden Entertainment in the second quarter worth $52,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Golden Entertainment during the second quarter worth about $54,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Golden Entertainment during the second quarter worth $89,000. 70.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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