Jennison Associates LLC Purchases 25,355 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

Jennison Associates LLC raised its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 6.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 414,810 shares of the company’s stock after acquiring an additional 25,355 shares during the quarter. Jennison Associates LLC owned approximately 1.45% of Golden Entertainment worth $16,563,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in shares of Golden Entertainment by 86.8% in 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Golden Entertainment by 44.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,012 shares of the company’s stock worth $171,000 after acquiring an additional 1,549 shares in the last quarter. MGO One Seven LLC increased its holdings in shares of Golden Entertainment by 13.3% in the third quarter. MGO One Seven LLC now owns 9,897 shares of the company’s stock valued at $338,000 after purchasing an additional 1,164 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Golden Entertainment by 56.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 10,649 shares of the company’s stock valued at $364,000 after purchasing an additional 3,842 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Golden Entertainment in the fourth quarter valued at $427,000. 70.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on GDEN. Truist Financial decreased their price objective on shares of Golden Entertainment from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday. StockNews.com downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a report on Monday, March 4th. Finally, JMP Securities decreased their price target on shares of Golden Entertainment from $48.00 to $45.00 and set a “market outperform” rating on the stock in a research note on Friday, March 1st.

Golden Entertainment Trading Down 3.7 %

GDEN stock opened at $33.22 on Friday. Golden Entertainment, Inc. has a 52 week low of $30.38 and a 52 week high of $47.49. The company’s 50-day simple moving average is $35.03 and its 200 day simple moving average is $36.58. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.30 and a current ratio of 2.35. The company has a market capitalization of $961.72 million, a PE ratio of 4.01 and a beta of 2.25.

Golden Entertainment (NASDAQ:GDEN) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.07). Golden Entertainment had a return on equity of 6.40% and a net margin of 24.28%. The firm had revenue of $230.69 million for the quarter, compared to the consensus estimate of $228.75 million. As a group, sell-side analysts anticipate that Golden Entertainment, Inc. will post 1.21 earnings per share for the current year.

Golden Entertainment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Monday, March 18th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.00 annualized dividend and a yield of 3.01%. Golden Entertainment’s dividend payout ratio is 12.08%.

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.