Boyd Gaming Co. (NYSE:BYD) Stake Cut by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd decreased its holdings in shares of Boyd Gaming Co. (NYSE:BYD) by 51.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,940 shares of the company’s stock after selling 15,718 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Boyd Gaming were worth $1,084,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BYD. UMB Bank n.a. grew its position in shares of Boyd Gaming by 80.3% during the 4th quarter. UMB Bank n.a. now owns 393 shares of the company’s stock valued at $29,000 after buying an additional 175 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Boyd Gaming by 47.4% during the 4th quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock worth $33,000 after purchasing an additional 148 shares during the period. Quarry LP lifted its holdings in shares of Boyd Gaming by 150.1% in the 3rd quarter. Quarry LP now owns 873 shares of the company’s stock worth $56,000 after purchasing an additional 524 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Boyd Gaming during the 3rd quarter valued at approximately $64,000. Finally, Golden State Wealth Management LLC bought a new position in Boyd Gaming during the 4th quarter worth $67,000. 76.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BYD shares. JMP Securities reiterated a “market perform” rating on shares of Boyd Gaming in a research note on Friday, February 7th. Truist Financial reduced their target price on shares of Boyd Gaming from $92.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, April 1st. Mizuho raised their price target on shares of Boyd Gaming from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. StockNews.com downgraded Boyd Gaming from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 27th. Finally, Stifel Nicolaus raised their target price on Boyd Gaming from $74.00 to $82.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Boyd Gaming presently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

Insider Activity

In other Boyd Gaming news, Director William R. Boyd sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $79.32, for a total value of $1,189,800.00. Following the transaction, the director now owns 1,472,970 shares in the company, valued at approximately $116,835,980.40. This represents a 1.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christine J. Spadafor sold 1,125 shares of Boyd Gaming stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $75.28, for a total transaction of $84,690.00. Following the sale, the director now directly owns 4,852 shares of the company’s stock, valued at $365,258.56. This trade represents a 18.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,125 shares of company stock worth $5,158,490 over the last quarter. Corporate insiders own 21.97% of the company’s stock.

Boyd Gaming Trading Down 2.4 %

Shares of NYSE BYD opened at $61.81 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85. Boyd Gaming Co. has a 12 month low of $49.34 and a 12 month high of $80.50. The company has a market cap of $5.10 billion, a price-to-earnings ratio of 9.94, a P/E/G ratio of 4.46 and a beta of 1.55. The business has a fifty day simple moving average of $72.67 and a 200-day simple moving average of $71.12.

Boyd Gaming (NYSE:BYD) last announced its earnings results on Thursday, February 6th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.75 by $0.21. Boyd Gaming had a net margin of 14.70% and a return on equity of 35.97%. Sell-side analysts predict that Boyd Gaming Co. will post 6.52 EPS for the current year.

Boyd Gaming Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.18 per share. This is an increase from Boyd Gaming’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 1.16%. The ex-dividend date is Monday, March 17th. Boyd Gaming’s payout ratio is 11.58%.

Boyd Gaming Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.