Texas Permanent School Fund Has $580,000 Holdings in Golden Entertainment, Inc. (NASDAQ:GDEN)

Texas Permanent School Fund raised its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDENGet Rating) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,669 shares of the company’s stock after purchasing an additional 249 shares during the period. Texas Permanent School Fund owned 0.05% of Golden Entertainment worth $580,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd acquired a new position in Golden Entertainment during the 2nd quarter valued at about $268,000. Hancock Whitney Corp acquired a new position in Golden Entertainment during the 2nd quarter valued at about $325,000. Royce & Associates LP bought a new stake in shares of Golden Entertainment in the 2nd quarter valued at about $383,000. Assetmark Inc. increased its stake in shares of Golden Entertainment by 9.1% in the 2nd quarter. Assetmark Inc. now owns 28,608 shares of the company’s stock valued at $1,131,000 after acquiring an additional 2,394 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Golden Entertainment in the 2nd quarter valued at about $177,000. 72.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. StockNews.com assumed coverage on Golden Entertainment in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. JMP Securities lowered their price target on Golden Entertainment from $62.00 to $59.00 and set a “market outperform” rating for the company in a research note on Monday, October 17th. Finally, CBRE Group reaffirmed a “buy” rating and issued a $58.00 price target on shares of Golden Entertainment in a research note on Thursday, October 20th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $62.33.

Insider Transactions at Golden Entertainment

In other news, COO Stephen Arcana sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $37.96, for a total transaction of $474,500.00. Following the completion of the transaction, the chief operating officer now directly owns 306,191 shares of the company’s stock, valued at approximately $11,623,010.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 30.00% of the company’s stock.

Golden Entertainment Price Performance

NASDAQ GDEN opened at $43.47 on Tuesday. The business has a 50 day simple moving average of $40.07 and a 200 day simple moving average of $41.49. Golden Entertainment, Inc. has a 52-week low of $32.53 and a 52-week high of $59.96. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.86 and a current ratio of 1.91. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 15.36 and a beta of 2.42.

Golden Entertainment (NASDAQ:GDENGet Rating) last posted its earnings results on Thursday, November 3rd. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.12). The business had revenue of $278.99 million for the quarter, compared to the consensus estimate of $268.92 million. Golden Entertainment had a return on equity of 27.23% and a net margin of 8.04%. Analysts anticipate that Golden Entertainment, Inc. will post 2.92 earnings per share for the current fiscal year.

Golden Entertainment Company Profile

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Golden Entertainment, Inc engages in the development, finance, management, and ownership of casino properties. It operates through the following segments: Distributed Gaming and Casinos. The Distributed Gaming segment is involved in the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery, convenience and liquor stores, restaurants, bars, and taverns, and the operation of wholly-owned branded taverns targeting local patrons.

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Institutional Ownership by Quarter for Golden Entertainment (NASDAQ:GDEN)

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