SG Americas Securities LLC Sells 4,792 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

SG Americas Securities LLC trimmed its position in Golden Entertainment, Inc. (NASDAQ:GDEN) by 39.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,459 shares of the company’s stock after selling 4,792 shares during the quarter. SG Americas Securities LLC’s holdings in Golden Entertainment were worth $236,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in shares of Golden Entertainment in the 3rd quarter worth $42,000. BNP Paribas Financial Markets increased its position in shares of Golden Entertainment by 7.6% during the third quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company’s stock valued at $143,000 after buying an additional 317 shares during the period. New York State Teachers Retirement System lifted its stake in shares of Golden Entertainment by 6.4% in the 3rd quarter. New York State Teachers Retirement System now owns 8,230 shares of the company’s stock valued at $262,000 after purchasing an additional 494 shares during the period. Empowered Funds LLC boosted its holdings in shares of Golden Entertainment by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 8,420 shares of the company’s stock valued at $268,000 after buying an additional 402 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Golden Entertainment by 42.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,190 shares of the company’s stock worth $325,000 after purchasing an additional 3,037 shares during the period. 70.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GDEN has been the topic of several recent analyst reports. JMP Securities reissued a “market outperform” rating and set a $36.00 price objective on shares of Golden Entertainment in a research report on Thursday, January 16th. Jefferies Financial Group lifted their price target on shares of Golden Entertainment from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Friday, January 3rd. Wells Fargo & Company began coverage on shares of Golden Entertainment in a report on Monday, December 16th. They set an “overweight” rating and a $38.00 price target on the stock. Truist Financial decreased their target price 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. Finally, Macquarie cut their price objective on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Golden Entertainment has an average rating of “Moderate Buy” and an average price target of $36.57.

Golden Entertainment Trading Down 0.5 %

GDEN stock opened at $32.67 on Friday. Golden Entertainment, Inc. has a twelve month low of $27.42 and a twelve month high of $39.92. The stock has a market capitalization of $896.11 million, a price-to-earnings ratio of 26.35 and a beta of 2.21. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. The firm’s fifty day simple moving average is $32.37 and its two-hundred day simple moving average is $31.63.

Golden Entertainment (NASDAQ:GDEN) last released its earnings results on Thursday, November 7th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.08. The business had revenue of $161.23 million for the quarter, compared to analyst estimates of $162.22 million. Golden Entertainment had a return on equity of 0.69% and a net margin of 5.23%. During the same quarter last year, the firm posted ($0.02) earnings per share. As a group, analysts anticipate that Golden Entertainment, Inc. will post 0.2 earnings per share for the current year.

Insider Activity

In other news, Director Terrence Wright sold 16,586 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $31.26, for a total value of $518,478.36. Following the completion of the sale, the director now owns 61,616 shares in the company, valued at approximately $1,926,116.16. The trade was a 21.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 29.10% of the company’s stock.

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.