HighTower Advisors LLC Sells 434 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

HighTower Advisors LLC reduced its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,146 shares of the company’s stock after selling 434 shares during the period. HighTower Advisors LLC’s holdings in Golden Entertainment were worth $542,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its holdings in Golden Entertainment by 7.6% in the third quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company’s stock worth $143,000 after purchasing an additional 317 shares during the period. Rhumbline Advisers lifted its holdings in shares of Golden Entertainment by 2.2% in the fourth quarter. Rhumbline Advisers now owns 52,291 shares of the company’s stock valued at $1,652,000 after purchasing an additional 1,102 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in Golden Entertainment by 5.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 31,795 shares of the company’s stock worth $1,005,000 after acquiring an additional 1,672 shares during the last quarter. Jane Street Group LLC boosted its holdings in Golden Entertainment by 5.2% during the third quarter. Jane Street Group LLC now owns 35,033 shares of the company’s stock worth $1,114,000 after purchasing an additional 1,740 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Golden Entertainment by 8.1% in the 4th quarter. Victory Capital Management Inc. now owns 29,751 shares of the company’s stock valued at $940,000 after purchasing an additional 2,226 shares during the period. Institutional investors and hedge funds own 70.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. JMP Securities reissued a “market outperform” rating and set a $36.00 target price on shares of Golden Entertainment in a research report on Thursday, January 16th. Wells Fargo & Company began coverage on Golden Entertainment in a research report on Monday, December 16th. They set an “overweight” rating and a $38.00 price target on the stock. Jefferies Financial Group upped their price target on shares of Golden Entertainment from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Friday, January 3rd. Macquarie reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Golden Entertainment in a research note on Friday, February 28th. Finally, StockNews.com lowered Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Golden Entertainment currently has an average rating of “Moderate Buy” and an average target price of $36.86.

Golden Entertainment Stock Performance

Shares of GDEN stock opened at $26.52 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. Golden Entertainment, Inc. has a fifty-two week low of $25.17 and a fifty-two week high of $36.92. The stock has a 50 day moving average price of $30.78 and a two-hundred day moving average price of $31.42. The company has a market capitalization of $703.07 million, a P/E ratio of 21.39 and a beta of 2.29.

Golden Entertainment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Friday, March 21st. Golden Entertainment’s payout ratio is 59.88%.

Golden Entertainment 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.