Golden Entertainment, Inc. (NASDAQ:GDEN) Shares Sold by Driehaus Capital Management LLC

Driehaus Capital Management LLC lessened its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 19.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 579,508 shares of the company’s stock after selling 142,690 shares during the period. Driehaus Capital Management LLC owned about 2.00% of Golden Entertainment worth $18,028,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Innealta Capital LLC bought a new position in Golden Entertainment during the 2nd quarter worth approximately $34,000. nVerses Capital LLC bought a new position in Golden Entertainment during the 2nd quarter worth approximately $37,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Golden Entertainment in the 2nd quarter worth approximately $54,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Golden Entertainment in the 2nd quarter worth approximately $89,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Golden Entertainment in the 2nd quarter worth approximately $143,000. Institutional investors own 70.73% of the company’s stock.

Golden Entertainment Stock Down 0.7 %

GDEN opened at $32.19 on Friday. Golden Entertainment, Inc. has a 12 month low of $27.42 and a 12 month high of $42.14. The stock has a market cap of $931.87 million, a P/E ratio of 3.47 and a beta of 2.23. The stock’s 50 day moving average price is $31.15 and its 200 day moving average price is $31.64. 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 (NASDAQ:GDEN) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.06). Golden Entertainment had a net margin of 33.07% and a negative return on equity of 0.33%. The firm had revenue of $167.33 million for the quarter, compared to analyst estimates of $176.34 million. As a group, research analysts predict that Golden Entertainment, Inc. will post 0.23 earnings per share for the current year.

Golden Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Tuesday, September 17th. Golden Entertainment’s dividend payout ratio (DPR) is presently 10.79%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GDEN shares. JMP Securities cut their price target on Golden Entertainment from $39.00 to $36.00 and set a “market outperform” rating on the stock in a report on Friday, August 9th. 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 on the stock in a research report on Friday, August 9th. Truist Financial lowered their target price on Golden Entertainment from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, B. Riley lowered their target price on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.20.

Insider Activity

In other news, Director Mark A. Lipparelli sold 773 shares of Golden Entertainment stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $33.32, for a total transaction of $25,756.36. Following the transaction, the director now directly 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 the SEC website. 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.