Meridian (NASDAQ:MRDN) CEO Anthony Brian Goodman Sells 12,196 Shares

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 12,196 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $10.37, for a total value of $126,472.52. Following the completion of the sale, the chief executive officer owned 479,463 shares of the company’s stock, valued at $4,972,031.31. This trade represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, May 4th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The shares were sold at an average price of $12.75, for a total value of $127,500.00.
• On Monday, April 27th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The shares were sold at an average price of $6.41, for a total value of $64,100.00.
• 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 shares were 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 shares were sold at an average price of $6.90, for a total value of $4,919.70.

Meridian Stock Performance

NASDAQ:MRDN opened at $10.47 on Thursday. The firm’s fifty day moving average is $8.67. The company has a market cap of $132.65 million, a P/E ratio of -1.44 and a beta of 0.61. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.10. Meridian Holdings Inc. has a fifty-two week low of $5.80 and a fifty-two week high of $23.76.

Meridian (NASDAQ:MRDN) last released its earnings results on Tuesday, April 28th. The company reported $0.18 earnings per share for the quarter. The firm had revenue of $50.10 million during the quarter. Meridian had a negative return on equity of 99.65% and a negative net margin of 45.94%. Research analysts predict that Meridian Holdings Inc. will post 0.33 EPS for the current fiscal year.

Institutional Trading of Meridian

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MRDN shares. Wall Street Zen upgraded Meridian to a “strong-buy” rating in a research report on Saturday, May 9th. Weiss Ratings assumed coverage on Meridian in a research report on Tuesday, April 7th. They set a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Meridian currently has a consensus rating of “Sell” and an average price target of $21.60.

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.