Golden Entertainment, Inc. (NASDAQ:GDEN) Stake Lessened by Phocas Financial Corp.

Phocas Financial Corp. lowered its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,086 shares of the company’s stock after selling 465 shares during the period. Phocas Financial Corp. owned approximately 0.39% of Golden Entertainment worth $4,643,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Royce & Associates LP lifted its holdings in shares of Golden Entertainment by 11.6% in the first quarter. Royce & Associates LP now owns 33,917 shares of the company’s stock valued at $1,476,000 after purchasing an additional 3,538 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Golden Entertainment by 84.7% during the first quarter. JPMorgan Chase & Co. now owns 71,242 shares of the company’s stock worth $3,100,000 after acquiring an additional 32,667 shares in the last quarter. Ancora Advisors LLC boosted its position in Golden Entertainment by 590.4% during the first quarter. Ancora Advisors LLC now owns 132,428 shares of the company’s stock valued at $5,762,000 after purchasing an additional 113,248 shares during the last quarter. Susquehanna International Group LLP boosted its position in Golden Entertainment by 78.8% during the first quarter. Susquehanna International Group LLP now owns 68,640 shares of the company’s stock valued at $2,987,000 after purchasing an additional 30,240 shares during the last quarter. Finally, Penn Capital Management Company LLC boosted its position in Golden Entertainment by 2.5% during the first quarter. Penn Capital Management Company LLC now owns 442,420 shares of the company’s stock valued at $19,264,000 after purchasing an additional 10,863 shares during the last quarter. Hedge funds and other institutional investors own 66.92% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on GDEN shares. JMP Securities reduced their price objective on Golden Entertainment from $56.00 to $51.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 1st. StockNews.com raised Golden Entertainment from a “hold” rating to a “buy” rating in a research report on Saturday, September 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.60.

Golden Entertainment Stock Down 2.4 %

Shares of NASDAQ:GDEN traded down $0.87 on Tuesday, reaching $35.36. The company had a trading volume of 30,094 shares, compared to its average volume of 186,063. The company has a quick ratio of 2.96, a current ratio of 3.01 and a debt-to-equity ratio of 2.43. The stock has a 50-day moving average price of $38.83 and a 200 day moving average price of $40.79. The stock has a market capitalization of $1.02 billion, a P/E ratio of 22.68 and a beta of 2.31. Golden Entertainment, Inc. has a twelve month low of $32.53 and a twelve month high of $47.49.

Golden Entertainment (NASDAQ:GDEN) last announced its earnings results on Monday, July 31st. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.08). The business had revenue of $286.68 million during the quarter, compared to analyst estimates of $284.33 million. Golden Entertainment had a return on equity of 13.74% and a net margin of 4.36%. On average, equities analysts expect that Golden Entertainment, Inc. will post 1.31 EPS for the current year.

Golden Entertainment Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were issued a $2.00 dividend. The ex-dividend date of this dividend was Thursday, August 10th.

Golden Entertainment Company Profile

Golden Entertainment, Inc, together with its subsidiaries, engages in the ownership and operation of a diversified entertainment platform in the United States. The company operates through five segments: Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort, Nevada Taverns, and Distributed Gaming.