Meridian (NASDAQ:MRDN) CEO Anthony Brian Goodman Sells 10,000 Shares

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $6.41, for a total value of $64,100.00. Following the sale, the chief executive officer owned 501,659 shares in the company, valued at approximately $3,215,634.19. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Anthony Brian Goodman also recently made the following trade(s):

• On Friday, April 24th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The shares were sold at an average price of $6.34, for a total value of $63,400.00.
• On Thursday, April 23rd, Anthony Brian Goodman sold 2,000 shares of Meridian stock. The shares were sold at an average price of $6.30, for a total value of $12,600.00.
• On Wednesday, April 22nd, Anthony Brian Goodman sold 4,603 shares of Meridian stock. The shares were sold at an average price of $6.34, for a total value of $29,183.02.
• On Friday, April 17th, Anthony Brian Goodman sold 404 shares of Meridian stock. The shares were sold at an average price of $6.90, for a total value of $2,787.60.
• On Thursday, April 16th, Anthony Brian Goodman sold 3,876 shares of Meridian stock. The shares were sold at an average price of $6.92, for a total value of $26,821.92.
• On Wednesday, April 15th, Anthony Brian Goodman sold 6,900 shares of Meridian stock. The shares were sold at an average price of $6.93, for a total value of $47,817.00.
• On Tuesday, April 14th, Anthony Brian Goodman sold 100 shares of Meridian stock. The stock was sold at an average price of $6.90, for a total value of $690.00.
• On Monday, April 13th, Anthony Brian Goodman sold 713 shares of Meridian stock. The stock was sold at an average price of $6.90, for a total value of $4,919.70.
• On Friday, April 10th, Anthony Brian Goodman sold 903 shares of Meridian stock. The stock was sold at an average price of $6.99, for a total value of $6,311.97.
• On Thursday, April 9th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The stock was sold at an average price of $7.00, for a total value of $70,000.00.

Meridian Stock Performance

MRDN stock opened at $9.89 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.50 and a debt-to-equity ratio of 0.10. Meridian Holdings Inc. has a 52-week low of $5.80 and a 52-week high of $23.76. The company has a market cap of $125.31 million, a price-to-earnings ratio of -1.33 and a beta of 0.28.

Meridian (NASDAQ:MRDN) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.18 earnings per share (EPS) for the quarter. Meridian had a negative return on equity of 99.76% and a negative net margin of 45.94%.The company had revenue of $50.10 million for the quarter. As a group, equities research analysts predict that Meridian Holdings Inc. will post -0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on Meridian in a report on Tuesday, April 7th. They issued a “sell (e+)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell” and an average target price of $21.60.

Institutional Investors Weigh In On Meridian

Institutional investors have recently made changes to their positions in the company. Marex Group plc bought a new stake in shares of Meridian in the 2nd quarter valued at approximately $26,000. Virtu Financial LLC bought a new stake in shares of Meridian in the 3rd quarter valued at approximately $33,000. Continuum Advisory LLC increased its holdings in shares of Meridian by 375.0% in the 4th quarter. Continuum Advisory LLC now owns 57,000 shares of the company’s stock valued at $46,000 after acquiring an additional 45,000 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Meridian in the 2nd quarter valued at approximately $57,000. Finally, Deutsche Bank AG increased its holdings in shares of Meridian by 224.4% in the 4th quarter. Deutsche Bank AG now owns 94,695 shares of the company’s stock valued at $76,000 after acquiring an additional 65,501 shares during the last quarter. 2.74% of the stock is currently owned by institutional investors.

Meridian Company Profile

Meridian Holdings Inc is engaged in the online gaming and betting business, providing sports betting, online casino, and gaming operations across multiple jurisdictions in Europe, Africa, and Central and South America. The company has three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The MeridianBet Group segment includes retail and online sports betting, casinos, and related gaming operations. The GMAG segment focuses on the resale of third-party gaming content, mainly serving customers in the Asia-Pacific region.