Blake L. Sartini II Acquires 10,000 Shares of Golden Entertainment Inc (NASDAQ:GDEN) Stock

Golden Entertainment Inc (NASDAQ:GDEN) SVP Blake L. Sartini II acquired 10,000 shares of the stock in a transaction on Wednesday, June 12th. The shares were acquired at an average cost of $13.87 per share, for a total transaction of $138,700.00. Following the completion of the transaction, the senior vice president now directly owns 37,271 shares in the company, valued at approximately $516,948.77. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Golden Entertainment stock traded down $0.33 during midday trading on Wednesday, hitting $13.56. 111,400 shares of the company’s stock were exchanged, compared to its average volume of 171,410. Golden Entertainment Inc has a 12-month low of $12.46 and a 12-month high of $34.45. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.20 and a current ratio of 1.26. The company has a market capitalization of $385.46 million, a P/E ratio of -25.58 and a beta of 1.30.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings data on Thursday, March 14th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.68). Golden Entertainment had a negative return on equity of 6.47% and a negative net margin of 3.75%. The business had revenue of $210.13 million for the quarter, compared to analysts’ expectations of $208.98 million. As a group, equities analysts expect that Golden Entertainment Inc will post -0.08 earnings per share for the current year.

GDEN has been the topic of several research reports. Deutsche Bank lowered their price objective on shares of Golden Entertainment from $38.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, March 15th. BidaskClub downgraded shares of Golden Entertainment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 6th. ValuEngine downgraded shares of Golden Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Finally, Zacks Investment Research downgraded shares of Golden Entertainment from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.67.

A number of institutional investors have recently modified their holdings of GDEN. Quantamental Technologies LLC purchased a new stake in shares of Golden Entertainment in the fourth quarter valued at about $27,000. Legal & General Group Plc boosted its holdings in shares of Golden Entertainment by 25.2% in the fourth quarter. Legal & General Group Plc now owns 3,397 shares of the company’s stock valued at $54,000 after acquiring an additional 684 shares in the last quarter. BNP Paribas Arbitrage SA purchased a new stake in shares of Golden Entertainment in the first quarter valued at about $54,000. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Golden Entertainment by 365.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,930 shares of the company’s stock valued at $95,000 after acquiring an additional 4,655 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Golden Entertainment in the fourth quarter valued at about $102,000. 60.72% of the stock is currently owned by institutional investors.

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Golden Entertainment Company 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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