Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) Director Terrence Wright sold 16,586 shares of the company's stock in a transaction on Friday, December 20th. The stock was sold at an average price of $31.26, for a total transaction of $518,478.36. Following the sale, the director now directly owns 61,616 shares of the company's stock, valued at approximately $1,926,116.16. This represents a 21.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of GDEN stock traded up $0.05 during mid-day trading on Friday, reaching $31.12. The stock had a trading volume of 1,081,751 shares, compared to its average volume of 221,847. The firm has a market cap of $853.59 million, a PE ratio of 25.10 and a beta of 2.22. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. Golden Entertainment, Inc. has a one year low of $27.42 and a one year high of $40.85. The firm's 50 day simple moving average is $32.06 and its 200 day simple moving average is $31.15.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.21%. Golden Entertainment's dividend payout ratio is currently 80.65%.
Institutional investors and hedge funds have recently bought and sold shares of the business. William Blair Investment Management LLC lifted its holdings in Golden Entertainment by 132.1% during the 2nd quarter. William Blair Investment Management LLC now owns 1,486,689 shares of the company's stock valued at $46,251,000 after purchasing an additional 846,269 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Golden Entertainment by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 587,006 shares of the company's stock worth $18,664,000 after acquiring an additional 24,264 shares in the last quarter. Systematic Financial Management LP boosted its holdings in shares of Golden Entertainment by 24.5% in the 3rd quarter. Systematic Financial Management LP now owns 352,227 shares of the company's stock worth $11,197,000 after acquiring an additional 69,207 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Golden Entertainment by 16.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,709 shares of the company's stock worth $8,860,000 after acquiring an additional 38,385 shares during the last quarter. Finally, Peregrine Capital Management LLC increased its holdings in Golden Entertainment by 43.0% during the 2nd quarter. Peregrine Capital Management LLC now owns 248,875 shares of the company's stock valued at $7,743,000 after purchasing an additional 74,867 shares in the last quarter. Institutional investors own 70.73% of the company's stock.
Several equities research analysts have recently issued reports on the company. StockNews.com downgraded Golden Entertainment from a "buy" rating to a "hold" rating in a research report on Tuesday. Wells Fargo & Company began coverage on Golden Entertainment in a report on Monday. They issued an "overweight" rating and a $38.00 target price on the stock. B. Riley cut 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. Macquarie reduced 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. Finally, JMP Securities boosted their target price on shares of Golden Entertainment from $35.00 to $36.00 and gave the stock a "market outperform" rating in a research report on Monday, November 25th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $37.33.
Read Our Latest Stock Analysis on GDEN
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.
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