Wells Fargo & Company MN Boosts Stock Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

Wells Fargo & Company MN lifted its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 22.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,602 shares of the company’s stock after purchasing an additional 2,331 shares during the quarter. Wells Fargo & Company MN’s holdings in Golden Entertainment were worth $398,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Meeder Asset Management Inc. raised its stake in shares of Golden Entertainment by 86.0% during the fourth quarter. Meeder Asset Management Inc. now owns 2,474 shares of the company’s stock worth $78,000 after acquiring an additional 1,144 shares in the last quarter. Trexquant Investment LP purchased a new position in Golden Entertainment in the 4th quarter worth $256,000. Intech Investment Management LLC bought a new stake in Golden Entertainment in the fourth quarter worth $288,000. Nisa Investment Advisors LLC boosted its position in Golden Entertainment by 42.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 10,190 shares of the company’s stock valued at $325,000 after buying an additional 3,037 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Golden Entertainment during the fourth quarter valued at about $608,000. 70.73% of the stock is owned by hedge funds and other institutional investors.

Golden Entertainment Stock Performance

Shares of Golden Entertainment stock opened at $26.23 on Monday. The business has a fifty day simple moving average of $26.93 and a two-hundred day simple moving average of $30.39. The firm has a market capitalization of $693.39 million, a P/E ratio of 21.15 and a beta of 1.85. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. Golden Entertainment, Inc. has a 12 month low of $22.66 and a 12 month high of $35.49.

Golden Entertainment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend was Friday, March 21st. Golden Entertainment’s dividend payout ratio is 59.88%.

Analysts Set New Price Targets

Several brokerages have weighed in on GDEN. JMP Securities lowered their price objective on Golden Entertainment from $37.00 to $36.00 and set a “market outperform” rating for the company in a research report on Thursday, April 17th. StockNews.com lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Macquarie reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Golden Entertainment in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.86.

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.