Gamco Investors INC. ET AL lifted its position in Golden Entertainment Inc (NASDAQ:GDEN) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 268,000 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. Gamco Investors INC. ET AL owned 0.97% of Golden Entertainment worth $3,752,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in GDEN. Quantamental Technologies LLC raised its stake in shares of Golden Entertainment by 165.3% in the 1st quarter. Quantamental Technologies LLC now owns 4,510 shares of the company’s stock worth $64,000 after buying an additional 2,810 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Golden Entertainment by 10.8% during the fourth quarter. Geode Capital Management LLC now owns 211,174 shares of the company’s stock worth $3,383,000 after purchasing an additional 20,561 shares during the period. Penn Capital Management Co. Inc. raised its position in shares of Golden Entertainment by 13.6% during the first quarter. Penn Capital Management Co. Inc. now owns 992,540 shares of the company’s stock worth $15,107,000 after purchasing an additional 118,564 shares during the period. Metropolitan Life Insurance Co. NY raised its position in shares of Golden Entertainment by 365.1% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,930 shares of the company’s stock worth $95,000 after purchasing an additional 4,655 shares during the period. Finally, Zeke Capital Advisors LLC raised its position in shares of Golden Entertainment by 6.4% during the first quarter. Zeke Capital Advisors LLC now owns 1,107,000 shares of the company’s stock worth $17,535,000 after purchasing an additional 66,400 shares during the period. Institutional investors and hedge funds own 53.66% of the company’s stock.
In other Golden Entertainment news, Director Anthony A. Marnell III acquired 5,900 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average price of $12.87 per share, with a total value of $75,933.00. Following the transaction, the director now owns 34,579 shares of the company’s stock, valued at $445,031.73. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony A. Marnell III purchased 10,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was purchased at an average cost of $13.23 per share, with a total value of $132,300.00. Following the acquisition, the director now owns 34,579 shares in the company, valued at $457,480.17. The disclosure for this purchase can be found here. Insiders own 36.40% of the company’s stock.
GDEN has been the topic of a number of recent analyst reports. ValuEngine raised Golden Entertainment from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered Golden Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. TheStreet lowered Golden Entertainment from a “c-” rating to a “d” rating in a research report on Monday, September 9th. Finally, BidaskClub upgraded Golden Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $24.67.
Shares of GDEN stock opened at $14.74 on Friday. Golden Entertainment Inc has a 1-year low of $12.32 and a 1-year high of $27.75. The company has a current ratio of 1.35, a quick ratio of 1.28 and a debt-to-equity ratio of 4.18. The company has a market capitalization of $388.39 million, a price-to-earnings ratio of -27.81 and a beta of 1.29. The stock’s fifty day simple moving average is $13.77 and its 200-day simple moving average is $14.63.
Golden Entertainment (NASDAQ:GDEN) last issued its earnings results on Tuesday, August 6th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.21). Golden Entertainment had a negative net margin of 5.60% and a negative return on equity of 8.67%. The firm had revenue of $248.07 million during the quarter, compared to analysts’ expectations of $249.18 million. On average, sell-side analysts predict that Golden Entertainment Inc will post -0.32 EPS for the current year.
Golden Entertainment Profile
Golden Entertainment, Inc engages in the development, finance, management, and ownership of casino properties. It operates through the Distributed Gaming and Casinos segments. The Distributed Gaming segment involves in the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery stores, convenience stores, liquor stores, restaurants, bars, and taverns; and the operation of wholly-owned branded taverns targeting local patrons.
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