Golden Entertainment, Inc. (NASDAQ:GDEN) Shares Bought by MGO One Seven LLC

MGO One Seven LLC lifted its stake in Golden Entertainment, Inc. (NASDAQ:GDEN) by 28.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 12,364 shares of the company’s stock after purchasing an additional 2,761 shares during the quarter. MGO One Seven LLC’s holdings in Golden Entertainment were worth $391,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in GDEN. DAVENPORT & Co LLC lifted its holdings in shares of Golden Entertainment by 26.6% in the 4th quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company’s stock worth $40,864,000 after acquiring an additional 271,782 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Golden Entertainment by 61.8% in the 4th quarter. Russell Investments Group Ltd. now owns 190,033 shares of the company’s stock worth $6,005,000 after acquiring an additional 72,588 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Golden Entertainment by 37.6% in the 4th quarter. Bank of New York Mellon Corp now owns 241,658 shares of the company’s stock worth $7,636,000 after acquiring an additional 66,061 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Golden Entertainment by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 1,490,019 shares of the company’s stock worth $47,085,000 after acquiring an additional 57,285 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Golden Entertainment by 603.6% in the 4th quarter. Teacher Retirement System of Texas now owns 50,077 shares of the company’s stock worth $1,582,000 after acquiring an additional 42,960 shares during the last quarter. 70.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JMP Securities decreased their price target on shares of Golden Entertainment from $37.00 to $36.00 and set a “market outperform” rating for the company in a research report on Thursday, April 17th. Macquarie reissued an “outperform” rating and set a $40.00 target price on shares of Golden Entertainment in a research note on Friday, February 28th. StockNews.com cut Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Jefferies Financial Group boosted their target price on Golden Entertainment from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.86.

Golden Entertainment Trading Down 1.7 %

NASDAQ:GDEN opened at $25.87 on Tuesday. The stock has a 50-day simple moving average of $27.41 and a 200-day simple moving average of $30.52. The stock has a market cap of $683.87 million, a P/E ratio of 20.86 and a beta of 1.99. Golden Entertainment, Inc. has a 1 year low of $22.66 and a 1 year high of $35.49. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11.

Golden Entertainment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.00 annualized dividend and a dividend yield of 3.87%. Golden Entertainment’s dividend payout ratio is currently 59.88%.

About Golden Entertainment

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.