Gabelli Funds LLC Grows Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

Gabelli Funds LLC lifted its position in Golden Entertainment, Inc. (NASDAQ:GDENFree Report) by 12.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 169,000 shares of the company’s stock after purchasing an additional 18,128 shares during the period. Gabelli Funds LLC owned about 0.59% of Golden Entertainment worth $6,748,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC bought a new stake in Golden Entertainment in the 4th quarter worth $386,000. Oppenheimer Asset Management Inc. grew its stake in shares of Golden Entertainment by 56.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 10,649 shares of the company’s stock worth $364,000 after purchasing an additional 3,842 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in Golden Entertainment during the 4th quarter valued at approximately $427,000. SummerHaven Investment Management LLC raised its position in Golden Entertainment by 1.6% during the 4th quarter. SummerHaven Investment Management LLC now owns 17,356 shares of the company’s stock valued at $693,000 after purchasing an additional 265 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Golden Entertainment by 5.1% in the 4th quarter. BNP Paribas Financial Markets now owns 20,164 shares of the company’s stock worth $805,000 after buying an additional 983 shares during the period. 70.73% of the stock is owned by hedge funds and other institutional investors.

Golden Entertainment Stock Down 0.6 %

Shares of Golden Entertainment stock opened at $29.84 on Friday. Golden Entertainment, Inc. has a 1 year low of $28.20 and a 1 year high of $47.49. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.36 and a quick ratio of 2.33. The company has a 50-day moving average of $32.20 and a 200 day moving average of $35.73. The firm has a market cap of $863.87 million, a price-to-earnings ratio of 3.22 and a beta of 2.21.

Golden Entertainment (NASDAQ:GDENGet Free Report) last released its earnings results on Wednesday, May 8th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.50). The business had revenue of $174.05 million for the quarter, compared to analysts’ expectations of $168.72 million. Golden Entertainment had a net margin of 30.14% and a return on equity of 1.13%. As a group, sell-side analysts anticipate that Golden Entertainment, Inc. will post 0.5 earnings per share for the current fiscal year.

Golden Entertainment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.00 annualized dividend and a yield of 3.35%. Golden Entertainment’s payout ratio is 10.79%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GDEN shares. 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 report on Friday, March 1st. Truist Financial dropped their target price on shares of Golden Entertainment from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. B. Riley initiated coverage on shares of Golden Entertainment in a research report on Friday, April 26th. They set a “buy” rating and a $46.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Golden Entertainment from $42.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Finally, upgraded Golden Entertainment from a “hold” rating to a “buy” rating in a report on Friday, May 10th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $42.75.

Get Our Latest Stock Report on GDEN

About Golden Entertainment

(Free Report)

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.

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

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