State of Alaska Department of Revenue Sells 427 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

State of Alaska Department of Revenue reduced its position in Golden Entertainment, Inc. (NASDAQ:GDEN) by 3.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 11,692 shares of the company’s stock after selling 427 shares during the period. State of Alaska Department of Revenue’s holdings in Golden Entertainment were worth $369,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GDEN. Meeder Asset Management Inc. acquired a new position in shares of Golden Entertainment in the 3rd quarter valued at $42,000. BNP Paribas Financial Markets increased its holdings in shares of Golden Entertainment by 7.6% in the third quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company’s stock valued at $143,000 after purchasing an additional 317 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in shares of Golden Entertainment by 6.4% during the third quarter. New York State Teachers Retirement System now owns 8,230 shares of the company’s stock worth $262,000 after acquiring an additional 494 shares during the period. Empowered Funds LLC boosted its position in shares of Golden Entertainment by 5.0% in the third quarter. Empowered Funds LLC now owns 8,420 shares of the company’s stock valued at $268,000 after acquiring an additional 402 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in Golden Entertainment by 42.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 10,190 shares of the company’s stock worth $325,000 after buying an additional 3,037 shares in the last quarter. Institutional investors own 70.73% of the company’s stock.

Insider Buying and Selling

In other Golden Entertainment news, Director Terrence Wright sold 16,586 shares of Golden Entertainment stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $31.26, for a total transaction of $518,478.36. Following the completion of the sale, the director now owns 61,616 shares of the company’s stock, valued at $1,926,116.16. The trade was a 21.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 29.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

GDEN has been the subject of a number of research reports. JMP Securities reissued a “market outperform” rating and issued a $36.00 target price on shares of Golden Entertainment in a report on Thursday, January 16th. Truist Financial reduced their target price on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Jefferies Financial Group lifted their target price on Golden Entertainment from $31.00 to $32.00 and gave the company a “hold” rating in a research report on Friday, January 3rd. StockNews.com downgraded Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Finally, Wells Fargo & Company initiated coverage on Golden Entertainment in a research note on Monday, December 16th. They issued an “overweight” rating and a $38.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $36.57.

Golden Entertainment Stock Up 0.6 %

Shares of NASDAQ:GDEN opened at $34.09 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03. Golden Entertainment, Inc. has a one year low of $27.42 and a one year high of $38.70. The company has a market cap of $935.09 million, a price-to-earnings ratio of 27.49 and a beta of 2.21. The firm has a fifty day moving average price of $32.31 and a two-hundred day moving average price of $31.70.

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.