Assenagon Asset Management S.A. Trims Holdings in Golden Entertainment, Inc. (NASDAQ:GDEN)

Assenagon Asset Management S.A. reduced its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDENFree Report) by 51.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,845 shares of the company’s stock after selling 147,503 shares during the quarter. Assenagon Asset Management S.A. owned 0.47% of Golden Entertainment worth $4,677,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pinebridge Investments L.P. purchased a new position in shares of Golden Entertainment during the 2nd quarter valued at approximately $25,000. Point72 Hong Kong Ltd lifted its stake in Golden Entertainment by 161.5% during the first quarter. Point72 Hong Kong Ltd now owns 544 shares of the company’s stock worth $32,000 after purchasing an additional 336 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Golden Entertainment by 86.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,048 shares of the company’s stock worth $36,000 after purchasing an additional 487 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Golden Entertainment in the second quarter valued at $40,000. Finally, Tower Research Capital LLC TRC lifted its stake in Golden Entertainment by 88.0% in the third quarter. Tower Research Capital LLC TRC now owns 1,716 shares of the company’s stock valued at $60,000 after buying an additional 803 shares during the last quarter. 66.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Golden Entertainment news, CFO Charles Protell sold 13,557 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $41.42, for a total transaction of $561,530.94. Following the sale, the chief financial officer now owns 643,911 shares in the company, valued at approximately $26,670,793.62. The transaction was disclosed in a filing with the SEC, which is available through this link. 30.60% of the stock is owned by corporate insiders.

Golden Entertainment Price Performance

NASDAQ:GDEN opened at $38.38 on Thursday. The business’s 50-day moving average price is $39.02 and its 200 day moving average price is $37.39. The firm has a market cap of $1.10 billion, a P/E ratio of 4.28 and a beta of 2.27. Golden Entertainment, Inc. has a 52-week low of $30.38 and a 52-week high of $47.49. The company has a quick ratio of 2.45, a current ratio of 2.48 and a debt-to-equity ratio of 1.31.

Golden Entertainment (NASDAQ:GDENGet Free Report) last released its earnings results on Thursday, November 2nd. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.17). The firm had revenue of $257.73 million for the quarter, compared to analyst estimates of $249.38 million. Golden Entertainment had a return on equity of 8.54% and a net margin of 25.06%. As a group, sell-side analysts predict that Golden Entertainment, Inc. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Golden Entertainment from a “hold” rating to a “buy” rating in a report on Friday, November 3rd.

Get Our Latest Stock Analysis on Golden Entertainment

About Golden Entertainment

(Free Report)

Golden Entertainment owns and operates a diversified entertainment platform, consisting of a portfolio of gaming and hospitality assets that focus on casino, branded taverns and distributed gaming operations. Golden Entertainment operates over 16,700 slots, over 100 table games, and over 6,200 hotel rooms.

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Institutional Ownership by Quarter for Golden Entertainment (NASDAQ:GDEN)

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