Golden Entertainment, Inc. (NASDAQ:GDEN) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lessened its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 9.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,098 shares of the company’s stock after selling 1,686 shares during the period. Texas Permanent School Fund Corp owned about 0.06% of Golden Entertainment worth $532,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new position in Golden Entertainment during the 2nd quarter worth approximately $89,000. Quest Partners LLC acquired a new position in shares of Golden Entertainment in the 2nd quarter valued at $1,180,000. Rhumbline Advisers boosted its holdings in shares of Golden Entertainment by 9.1% in the 2nd quarter. Rhumbline Advisers now owns 52,360 shares of the company’s stock valued at $1,629,000 after buying an additional 4,379 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Golden Entertainment in the 2nd quarter valued at $37,000. Finally, Peregrine Capital Management LLC boosted its holdings in shares of Golden Entertainment by 43.0% in the 2nd quarter. Peregrine Capital Management LLC now owns 248,875 shares of the company’s stock valued at $7,743,000 after buying an additional 74,867 shares in the last quarter. Institutional investors and hedge funds own 70.73% of the company’s stock.

Golden Entertainment Stock Down 4.3 %

Shares of NASDAQ:GDEN opened at $31.37 on Friday. The stock has a market cap of $908.13 million, a P/E ratio of 3.38 and a beta of 2.23. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.77 and a quick ratio of 0.73. Golden Entertainment, Inc. has a 1-year low of $27.42 and a 1-year high of $42.14. The firm has a fifty day moving average price of $31.05 and a 200 day moving average price of $31.69.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The firm had revenue of $167.33 million for the quarter, compared to analysts’ expectations of $176.34 million. Golden Entertainment had a negative return on equity of 0.33% and a net margin of 33.07%. Sell-side analysts predict that Golden Entertainment, Inc. will post 0.25 EPS for the current year.

Golden Entertainment Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GDEN. Truist Financial lowered their target price on shares of Golden Entertainment from $40.00 to $38.00 and set a “buy” rating for the company in a report on Friday, August 9th. Macquarie lowered their target price on shares of Golden Entertainment from $44.00 to $41.00 and set an “outperform” rating for the company in a report on Friday, August 9th. JMP Securities lowered 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 report on Friday, August 9th. Finally, StockNews.com cut shares of Golden Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $39.40.

Insiders Place Their Bets

In other Golden Entertainment news, 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 transaction of $25,756.36. Following the completion of the transaction, the director now owns 82,740 shares in the company, valued at approximately $2,756,896.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 29.10% of the stock is owned by 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.