International Assets Investment Management LLC Purchases Shares of 24,357 Golden Entertainment, Inc. (NASDAQ:GDEN)

International Assets Investment Management LLC bought a new position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 24,357 shares of the company’s stock, valued at approximately $973,000. International Assets Investment Management LLC owned approximately 0.09% of Golden Entertainment as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its holdings in Golden Entertainment by 86.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,048 shares of the company’s stock worth $36,000 after purchasing an additional 487 shares in the last quarter. Swiss National Bank raised its stake in Golden Entertainment by 1.1% during the 3rd quarter. Swiss National Bank now owns 47,600 shares of the company’s stock worth $1,627,000 after acquiring an additional 500 shares in the last quarter. Teton Advisors Inc. lifted its position in Golden Entertainment by 0.7% in the third quarter. Teton Advisors Inc. now owns 121,500 shares of the company’s stock valued at $4,153,000 after acquiring an additional 800 shares during the last quarter. Beacon Investment Advisors LLC boosted its stake in Golden Entertainment by 2.0% in the third quarter. Beacon Investment Advisors LLC now owns 43,679 shares of the company’s stock valued at $1,493,000 after acquiring an additional 868 shares in the last quarter. Finally, Mutual Advisors LLC grew its holdings in shares of Golden Entertainment by 5.6% during the third quarter. Mutual Advisors LLC now owns 21,397 shares of the company’s stock worth $731,000 after purchasing an additional 1,138 shares during the last quarter. Hedge funds and other institutional investors own 70.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. JMP Securities decreased their target price on Golden Entertainment from $48.00 to $45.00 and set a “market outperform” rating for the company in a research report on Friday, March 1st. Truist Financial started coverage on shares of Golden Entertainment in a research note on Friday, March 15th. They set a “buy” rating and a $45.00 price target for the company. Finally, StockNews.com lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, March 4th.

Golden Entertainment Trading Up 2.1 %

Shares of GDEN stock opened at $34.67 on Tuesday. The company has a market capitalization of $1.00 billion, a P/E ratio of 4.19 and a beta of 2.25. The company has a current ratio of 2.35, a quick ratio of 2.30 and a debt-to-equity ratio of 1.22. The business’s 50 day moving average is $35.28 and its two-hundred day moving average is $36.60. Golden Entertainment, Inc. has a twelve month low of $30.38 and a twelve month high of $47.49.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.07). The company had revenue of $230.69 million for the quarter, compared to analyst estimates of $228.75 million. Golden Entertainment had a return on equity of 6.40% and a net margin of 24.28%. Equities analysts forecast that Golden Entertainment, Inc. will post 1.21 EPS for the current year.

Golden Entertainment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Monday, March 18th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Friday, March 15th. Golden Entertainment’s payout ratio is 12.08%.

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.