Golden Entertainment, Inc. (NASDAQ:GDEN) Shares Sold by Ancora Advisors LLC

Ancora Advisors LLC cut its stake in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 60.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,219 shares of the company’s stock after selling 103,977 shares during the period. Ancora Advisors LLC owned approximately 0.24% of Golden Entertainment worth $2,549,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD purchased a new stake in Golden Entertainment during the first quarter worth about $214,000. Inscription Capital LLC acquired a new position in shares of Golden Entertainment in the first quarter worth $226,000. New York State Teachers Retirement System boosted its holdings in Golden Entertainment by 6.7% in the first quarter. New York State Teachers Retirement System now owns 6,272 shares of the company’s stock valued at $231,000 after purchasing an additional 394 shares during the period. State Board of Administration of Florida Retirement System grew its stake in Golden Entertainment by 25.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 7,254 shares of the company’s stock worth $267,000 after purchasing an additional 1,480 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Golden Entertainment during the 4th quarter worth about $386,000. 70.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GDEN shares. JMP Securities lowered their target price on Golden Entertainment from $42.00 to $39.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 17th. StockNews.com lowered Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Truist Financial cut their target price on Golden Entertainment from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft lowered their price objective on Golden Entertainment from $42.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Finally, B. Riley started coverage on shares of Golden Entertainment in a research report on Friday, April 26th. They set a “buy” rating and a $46.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four 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 target price of $40.25.

Golden Entertainment Stock Performance

GDEN stock traded up $0.50 during trading on Wednesday, reaching $33.43. 202,171 shares of the company’s stock were exchanged, compared to its average volume of 220,598. The company’s fifty day moving average price is $30.07 and its 200-day moving average price is $33.46. The firm has a market cap of $967.80 million, a PE ratio of 3.55 and a beta of 2.23. Golden Entertainment, Inc. has a 1-year low of $28.20 and a 1-year high of $47.49. The company has a quick ratio of 2.33, a current ratio of 2.36 and a debt-to-equity ratio of 1.16.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.50). Golden Entertainment had a return on equity of 1.13% and a net margin of 30.14%. The business had revenue of $174.05 million during the quarter, compared to the consensus estimate of $168.72 million. On average, research analysts expect that Golden Entertainment, Inc. will post 0.5 EPS for the current fiscal year.

Golden Entertainment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Friday, June 14th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.00 annualized dividend and a yield of 2.99%. Golden Entertainment’s payout ratio is presently 10.79%.

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.