California State Teachers Retirement System Has $587,000 Stock Holdings in Golden Entertainment, Inc. (NASDAQ:GDEN)

California State Teachers Retirement System trimmed its position in Golden Entertainment, Inc. (NASDAQ:GDEN) by 3.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 18,578 shares of the company’s stock after selling 580 shares during the period. California State Teachers Retirement System’s holdings in Golden Entertainment were worth $587,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Renaissance Technologies LLC bought a new position in Golden Entertainment during the 4th quarter worth $729,000. Sequoia Financial Advisors LLC grew its stake in shares of Golden Entertainment by 4.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 673,667 shares of the company’s stock valued at $21,288,000 after buying an additional 27,508 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Golden Entertainment by 10.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 309,196 shares of the company’s stock valued at $9,771,000 after purchasing an additional 30,487 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Golden Entertainment by 27.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,536 shares of the company’s stock valued at $1,881,000 after purchasing an additional 12,712 shares during the last quarter. Finally, III Capital Management lifted its position in shares of Golden Entertainment by 26.9% during the 4th quarter. III Capital Management now owns 52,028 shares of the company’s stock worth $1,644,000 after buying an additional 11,014 shares in the last quarter. 70.73% of the stock is currently owned by institutional investors.

Golden Entertainment Stock Down 0.8%

GDEN opened at $27.75 on Thursday. The company has a fifty day moving average price of $26.93 and a 200-day moving average price of $29.71. The firm has a market capitalization of $733.57 million, a P/E ratio of 22.38 and a beta of 1.79. 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 $22.66 and a one year high of $35.49.

Golden Entertainment (NASDAQ:GDEN) last announced its earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Golden Entertainment had a return on equity of 0.69% and a net margin of 5.23%. The company had revenue of $160.84 million during the quarter, compared to analysts’ expectations of $164.37 million. Equities research analysts expect that Golden Entertainment, Inc. will post 0.2 earnings per share for the current fiscal year.

Golden Entertainment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $1.00 annualized dividend and a yield of 3.60%. Golden Entertainment’s dividend payout ratio (DPR) is presently 256.41%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wall Street Zen raised shares of Golden Entertainment from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Macquarie reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Golden Entertainment in a report on Friday, February 28th. Finally, JMP Securities lowered their price target on shares of Golden Entertainment from $37.00 to $36.00 and set a “market outperform” rating on the stock in a report on Thursday, April 17th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $37.00.

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.