J. Goldman & Co LP Makes New Investment in Boyd Gaming Co. (NYSE:BYD)

J. Goldman & Co LP purchased a new stake in shares of Boyd Gaming Co. (NYSE:BYD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 115,234 shares of the company’s stock, valued at approximately $8,359,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Boyd Gaming by 47.4% during the fourth quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock valued at $33,000 after purchasing an additional 148 shares during the last quarter. UMB Bank n.a. raised its position in shares of Boyd Gaming by 80.3% in the fourth quarter. UMB Bank n.a. now owns 393 shares of the company’s stock valued at $29,000 after purchasing an additional 175 shares during the period. Cetera Trust Company N.A lifted its stake in shares of Boyd Gaming by 6.2% during the 4th quarter. Cetera Trust Company N.A now owns 3,535 shares of the company’s stock valued at $256,000 after buying an additional 205 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in Boyd Gaming by 91.0% in the 4th quarter. CoreCap Advisors LLC now owns 573 shares of the company’s stock worth $42,000 after buying an additional 273 shares during the period. Finally, US Bancorp DE grew its stake in Boyd Gaming by 13.6% in the 4th quarter. US Bancorp DE now owns 2,943 shares of the company’s stock valued at $213,000 after buying an additional 353 shares in the last quarter. Institutional investors own 76.81% of the company’s stock.

Insiders Place Their Bets

In other news, Director Christine J. Spadafor sold 1,125 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $75.28, for a total value of $84,690.00. Following the completion of the sale, the director now owns 4,852 shares of the company’s stock, valued at approximately $365,258.56. The trade was a 18.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Marianne Boyd Johnson sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $77.68, for a total value of $3,884,000.00. Following the transaction, the chairman now owns 1,346,628 shares in the company, valued at approximately $104,606,063.04. The trade was a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,125 shares of company stock valued at $5,158,490. 21.97% of the stock is currently owned by corporate insiders.

Boyd Gaming Stock Performance

Boyd Gaming stock opened at $72.04 on Friday. Boyd Gaming Co. has a fifty-two week low of $49.34 and a fifty-two week high of $80.50. The firm’s fifty day moving average price is $67.17 and its 200-day moving average price is $71.56. The stock has a market cap of $5.94 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 4.46 and a beta of 1.32. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.10. The firm had revenue of $991.57 million during the quarter, compared to analyst estimates of $976.38 million. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 earnings per share. On average, equities research analysts expect that Boyd Gaming Co. will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.00%. The ex-dividend date is Monday, June 16th. Boyd Gaming’s dividend payout ratio is currently 11.75%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Barclays dropped their target price on Boyd Gaming from $78.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. JMP Securities reissued a “market perform” rating on shares of Boyd Gaming in a report on Friday, February 7th. Susquehanna lifted their target price on Boyd Gaming from $75.00 to $76.00 and gave the company a “positive” rating in a report on Friday, April 25th. StockNews.com downgraded shares of Boyd Gaming from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 27th. Finally, Mizuho reduced their price objective on shares of Boyd Gaming from $86.00 to $83.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.07.

About Boyd Gaming

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.