Golden Entertainment, Inc. (NASDAQ:GDEN) Stock Position Increased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC lifted its stake in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 4.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,137 shares of the company’s stock after purchasing an additional 1,380 shares during the period. Susquehanna Fundamental Investments LLC owned approximately 0.11% of Golden Entertainment worth $1,395,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC acquired a new stake in shares of Golden Entertainment during the second quarter worth $88,000. Quantbot Technologies LP raised its position in shares of Golden Entertainment by 10,379.4% during the first quarter. Quantbot Technologies LP now owns 3,563 shares of the company’s stock worth $90,000 after purchasing an additional 3,529 shares during the period. HighTower Advisors LLC acquired a new stake in shares of Golden Entertainment during the second quarter worth $200,000. Pinz Capital Management LP acquired a new stake in shares of Golden Entertainment during the first quarter worth $119,000. Finally, Legato Capital Management LLC acquired a new stake in shares of Golden Entertainment during the second quarter worth $217,000. 55.59% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on GDEN. Deutsche Bank Aktiengesellschaft boosted their target price on Golden Entertainment from $42.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, August 6th. TheStreet raised Golden Entertainment from a “c” rating to a “b-” rating in a research report on Monday, August 23rd. Finally, Zacks Investment Research raised Golden Entertainment from a “hold” rating to a “strong-buy” rating and set a $50.00 price target on the stock in a research report on Friday, July 9th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Golden Entertainment currently has a consensus rating of “Buy” and a consensus price target of $46.00.

In other news, SVP Blake L. Sartini II sold 11,632 shares of the company’s stock in a transaction dated Friday, August 27th. The stock was sold at an average price of $51.38, for a total transaction of $597,652.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Stephen Arcana sold 18,754 shares of the company’s stock in a transaction dated Wednesday, August 25th. The stock was sold at an average price of $52.91, for a total value of $992,274.14. Following the sale, the chief operating officer now owns 260,944 shares of the company’s stock, valued at approximately $13,806,547.04. The disclosure for this sale can be found here. Insiders sold 54,580 shares of company stock worth $2,863,363 in the last 90 days. Corporate insiders own 41.10% of the company’s stock.

NASDAQ:GDEN opened at $49.93 on Friday. The business’s fifty day moving average price is $46.63 and its 200 day moving average price is $40.30. The company has a current ratio of 1.98, a quick ratio of 1.94 and a debt-to-equity ratio of 3.91. Golden Entertainment, Inc. has a 1-year low of $12.25 and a 1-year high of $54.86. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 18.49 and a beta of 2.90.

Golden Entertainment (NASDAQ:GDEN) last issued its earnings results on Thursday, August 5th. The company reported $2.73 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $2.28. Golden Entertainment had a return on equity of 39.37% and a net margin of 9.35%. The firm had revenue of $292.47 million for the quarter, compared to the consensus estimate of $247.67 million. Equities analysts forecast that Golden Entertainment, Inc. will post 3.2 earnings per share for the current year.

Golden Entertainment Company Profile

Golden Entertainment, Inc engages in the development, finance, management, and ownership of casino properties. It operates through the Distributed Gaming and Casinos segments. The Distributed Gaming segment involves in the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery stores, convenience stores, liquor stores, restaurants, bars, and taverns; and the operation of wholly-owned branded taverns targeting local patrons.

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Institutional Ownership by Quarter for Golden Entertainment (NASDAQ:GDEN)

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