AdvisorShares Investments LLC Decreases Stock Holdings in Golden Entertainment, Inc. (NASDAQ:GDEN)

AdvisorShares Investments LLC reduced its position in shares of Golden Entertainment, Inc. (NASDAQ:GDENGet Rating) by 13.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 9,839 shares of the company’s stock after selling 1,580 shares during the period. AdvisorShares Investments LLC’s holdings in Golden Entertainment were worth $571,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Golden Entertainment during the 4th quarter worth $58,000. Robeco Institutional Asset Management B.V. purchased a new stake in Golden Entertainment in the fourth quarter valued at $246,000. Keebeck Alpha LP purchased a new stake in Golden Entertainment in the fourth quarter valued at $263,000. C M Bidwell & Associates Ltd. lifted its position in Golden Entertainment by 15.7% in the fourth quarter. C M Bidwell & Associates Ltd. now owns 6,300 shares of the company’s stock valued at $318,000 after acquiring an additional 855 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund purchased a new stake in Golden Entertainment in the first quarter valued at $453,000. 68.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GDEN has been the subject of a number of research reports. JMP Securities began coverage on shares of Golden Entertainment in a research report on Tuesday, June 28th. They issued an “outperform” rating and a $63.00 price target for the company. StockNews.com lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Golden Entertainment from $57.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, July 13th. Finally, B. Riley dropped their price objective on shares of Golden Entertainment from $75.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, June 28th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.33.

Golden Entertainment Trading Down 9.4 %

Shares of GDEN opened at $41.11 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.86 and a debt-to-equity ratio of 2.96. The firm’s 50-day moving average is $42.68 and its two-hundred day moving average is $47.87. Golden Entertainment, Inc. has a twelve month low of $37.21 and a twelve month high of $59.96. The firm has a market capitalization of $1.19 billion, a P/E ratio of 12.50 and a beta of 2.50.

Golden Entertainment (NASDAQ:GDENGet Rating) last issued its earnings results on Thursday, May 5th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.63. Golden Entertainment had a net margin of 9.35% and a return on equity of 33.28%. The company had revenue of $273.64 million for the quarter, compared to analyst estimates of $263.60 million. On average, research analysts predict that Golden Entertainment, Inc. will post 3.54 earnings per share for the current fiscal year.

Golden Entertainment Profile

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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 four segments: Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort, and Distributed Gaming. The Nevada Casino Resorts segment comprises of destination casino resort properties that include various food and beverage outlets, entertainment venues, and other amenities.

See Also

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

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