Empowered Funds LLC Has $268,000 Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

Empowered Funds LLC increased its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN) by 5.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,420 shares of the company’s stock after purchasing an additional 402 shares during the period. Empowered Funds LLC’s holdings in Golden Entertainment were worth $268,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in shares of Golden Entertainment in the 2nd quarter worth approximately $34,000. nVerses Capital LLC acquired a new position in Golden Entertainment during the second quarter worth $37,000. Quarry LP bought a new position in shares of Golden Entertainment during the second quarter valued at $52,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Golden Entertainment in the 2nd quarter valued at $54,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Golden Entertainment in the 2nd quarter worth about $89,000. Institutional investors own 70.73% of the company’s stock.

Insider Activity at Golden Entertainment

In other Golden Entertainment news, Director Mark A. Lipparelli sold 773 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 82,740 shares of the company’s stock, valued at approximately $2,756,896.80. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 29.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GDEN has been the topic of a number of recent analyst reports. Macquarie reduced their price target on shares of Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. JMP Securities boosted their target price on Golden Entertainment from $35.00 to $36.00 and gave the stock a “market outperform” rating in a report on Monday. B. Riley dropped their price target on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Finally, Truist Financial reduced their price objective on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Golden Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $37.20.

Golden Entertainment Price Performance

Shares of GDEN stock opened at $34.00 on Tuesday. The firm’s 50 day moving average price is $31.33 and its two-hundred day moving average price is $30.75. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. Golden Entertainment, Inc. has a 52-week low of $27.42 and a 52-week high of $42.14. The stock has a market cap of $932.62 million, a PE ratio of 27.52 and a beta of 2.24.

Golden Entertainment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.94%. Golden Entertainment’s dividend payout ratio (DPR) is presently 80.65%.

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.