Potrero Capital Research LLC Makes New $2.96 Million Investment in Golden Entertainment, Inc. (NASDAQ:GDEN)

Potrero Capital Research LLC acquired a new stake in Golden Entertainment, Inc. (NASDAQ:GDEN) during the first quarter, HoldingsChannel.com reports. The fund acquired 116,968 shares of the company’s stock, valued at approximately $2,955,000.

Several other large investors have also recently bought and sold shares of GDEN. Dorsey Wright & Associates boosted its stake in shares of Golden Entertainment by 135.0% in the 1st quarter. Dorsey Wright & Associates now owns 1,645 shares of the company’s stock valued at $42,000 after purchasing an additional 945 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of Golden Entertainment by 10,379.4% in the 1st quarter. Quantbot Technologies LP now owns 3,563 shares of the company’s stock valued at $90,000 after purchasing an additional 3,529 shares during the last quarter. Citigroup Inc. boosted its stake in Golden Entertainment by 115.8% during the fourth quarter. Citigroup Inc. now owns 4,776 shares of the company’s stock worth $95,000 after acquiring an additional 2,563 shares in the last quarter. Pinz Capital Management LP bought a new position in Golden Entertainment during the first quarter worth $119,000. Finally, UBS Group AG boosted its stake in Golden Entertainment by 9.3% during the first quarter. UBS Group AG now owns 5,578 shares of the company’s stock worth $141,000 after acquiring an additional 474 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors.

Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Golden Entertainment from a “hold” rating to a “strong-buy” rating and set a $50.00 target price on the stock in a research note on Friday, July 9th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Golden Entertainment from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, May 7th. B. Riley started coverage on shares of Golden Entertainment in a report on Monday, May 3rd. They set a “buy” rating and a $48.00 price objective on the stock. They noted that the move was a valuation call. TheStreet upgraded shares of Golden Entertainment from a “d” rating to a “c” rating in a report on Wednesday, May 5th. Finally, Macquarie upped their price objective on shares of Golden Entertainment from $43.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, May 7th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $43.20.

GDEN traded down $0.82 during trading on Thursday, hitting $44.00. 1,669 shares of the company’s stock were exchanged, compared to its average volume of 208,858. The firm’s 50 day moving average price is $43.77. The company has a market cap of $1.25 billion, a PE ratio of -13.34 and a beta of 2.93. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 6.57. Golden Entertainment, Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $48.28.

Golden Entertainment (NASDAQ:GDEN) last announced its earnings results on Thursday, May 6th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.53. The company had revenue of $239.70 million during the quarter, compared to the consensus estimate of $221.52 million. Golden Entertainment had a negative net margin of 12.85% and a negative return on equity of 40.61%. As a group, research analysts expect that Golden Entertainment, Inc. will post 1.04 earnings per share for the current year.

In related news, Director Robert L. Miodunski sold 12,500 shares of the stock in a transaction dated Friday, May 28th. The shares were sold at an average price of $42.29, for a total transaction of $528,625.00. Following the completion of the transaction, the director now owns 76,422 shares in the company, valued at $3,231,886.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Anthony A. Marnell III sold 13,456 shares of the stock in a transaction dated Wednesday, May 19th. The shares were sold at an average price of $40.02, for a total transaction of $538,509.12. The disclosure for this sale can be found here. Corporate insiders own 41.10% of the company’s stock.

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 two segments, Casinos and Distributed Gaming. The Casinos segment owns and operates ten resort casino properties in Nevada and Maryland.

Recommended Story: Day Trading

Want to see what other hedge funds are holding GDEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Golden Entertainment, Inc. (NASDAQ:GDEN).

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

Receive News & Ratings for Golden Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.