Golden Entertainment, Inc. $GDEN Stock Position Increased by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its stake in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 27.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,272 shares of the company’s stock after buying an additional 14,014 shares during the period. Public Sector Pension Investment Board owned approximately 0.25% of Golden Entertainment worth $1,723,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. DAVENPORT & Co LLC increased its stake in Golden Entertainment by 10.7% during the 1st quarter. DAVENPORT & Co LLC now owns 1,431,300 shares of the company’s stock valued at $37,956,000 after buying an additional 138,137 shares during the period. Deprince Race & Zollo Inc. acquired a new position in Golden Entertainment during the 4th quarter valued at about $17,704,000. New York State Common Retirement Fund increased its stake in Golden Entertainment by 10.6% during the 1st quarter. New York State Common Retirement Fund now owns 425,565 shares of the company’s stock valued at $11,231,000 after buying an additional 40,826 shares during the period. Systematic Financial Management LP increased its stake in Golden Entertainment by 3.2% during the 4th quarter. Systematic Financial Management LP now owns 363,625 shares of the company’s stock valued at $11,491,000 after buying an additional 11,398 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Golden Entertainment by 14.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 352,843 shares of the company’s stock valued at $9,312,000 after buying an additional 43,647 shares during the period. Institutional investors and hedge funds own 70.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on GDEN shares. Citigroup reissued an “outperform” rating on shares of Golden Entertainment in a research note on Friday, July 18th. JMP Securities lowered their price objective on shares of Golden Entertainment from $36.00 to $35.00 and set a “market outperform” rating on the stock in a research note on Friday, July 18th. Truist Financial cut shares of Golden Entertainment from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $36.00 to $34.00 in a research note on Wednesday, July 16th. Wall Street Zen raised shares of Golden Entertainment from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Finally, Wells Fargo & Company lowered their price objective on shares of Golden Entertainment from $36.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 12th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.33.

Golden Entertainment Stock Performance

Shares of GDEN opened at $24.46 on Thursday. The firm’s 50 day moving average is $28.51 and its 200-day moving average is $28.35. The stock has a market capitalization of $639.87 million, a P/E ratio of 45.30 and a beta of 1.83. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.12 and a quick ratio of 1.03. Golden Entertainment, Inc. has a 12-month low of $22.66 and a 12-month high of $35.49.

Golden Entertainment (NASDAQ:GDEN) last released its earnings results on Thursday, August 7th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $163.62 million for the quarter, compared to the consensus estimate of $169.70 million. Golden Entertainment had a net margin of 2.35% and a return on equity of 3.23%. Equities research analysts anticipate that Golden Entertainment, Inc. will post 0.2 EPS for the current fiscal year.

Golden Entertainment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Thursday, September 25th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, September 25th. Golden Entertainment’s dividend payout ratio (DPR) is 185.19%.

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.