Russell Investments Group Ltd. Acquires 72,588 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

Russell Investments Group Ltd. raised its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN) by 61.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 190,033 shares of the company’s stock after acquiring an additional 72,588 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.69% of Golden Entertainment worth $6,005,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of GDEN. Sequoia Financial Advisors LLC boosted its stake in shares of Golden Entertainment by 4.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 673,667 shares of the company’s stock valued at $21,288,000 after purchasing an additional 27,508 shares during the period. Barclays PLC boosted its position in Golden Entertainment by 84.7% in the 3rd quarter. Barclays PLC now owns 48,918 shares of the company’s stock valued at $1,556,000 after buying an additional 22,440 shares during the period. Geode Capital Management LLC grew its stake in 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. BNP Paribas Financial Markets increased its position in shares of Golden Entertainment by 7.6% during the third quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company’s stock worth $143,000 after acquiring an additional 317 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Golden Entertainment by 10.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 309,196 shares of the company’s stock valued at $9,771,000 after acquiring an additional 30,487 shares in the last quarter. Institutional investors own 70.73% of the company’s stock.

Golden Entertainment Price Performance

GDEN opened at $25.12 on Monday. The firm has a market capitalization of $665.96 million, a PE ratio of 20.26 and a beta of 1.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03. The business’s 50-day moving average is $29.08 and its two-hundred day moving average is $30.90. Golden Entertainment, Inc. has a 1 year low of $22.66 and a 1 year high of $35.49.

Golden Entertainment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.00 annualized dividend and a dividend yield of 3.98%. Golden Entertainment’s dividend payout ratio (DPR) is presently 59.88%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GDEN. JMP Securities reissued a “market outperform” rating and issued a $36.00 price objective on shares of Golden Entertainment in a research note 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. StockNews.com downgraded Golden Entertainment from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Macquarie reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Golden Entertainment in a research note on Friday, February 28th. Finally, Jefferies Financial Group raised their target price on shares of Golden Entertainment from $31.00 to $32.00 and gave the company a “hold” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Golden Entertainment currently has an average rating of “Moderate Buy” and an average target price of $36.86.

Golden Entertainment Company 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.