Golden Entertainment, Inc. (NASDAQ:GDEN) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. lessened its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,000 shares of the company’s stock after selling 5,500 shares during the quarter. Golden Entertainment makes up about 1.5% of Teton Advisors Inc.’s holdings, making the stock its 14th largest position. Teton Advisors Inc. owned 0.41% of Golden Entertainment worth $4,632,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GDEN. Vanguard Group Inc. lifted its position in shares of Golden Entertainment by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,556,412 shares of the company’s stock worth $53,198,000 after buying an additional 3,988 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Golden Entertainment during the third quarter worth about $35,680,000. Gamco Investors INC. ET AL grew its holdings in shares of Golden Entertainment by 156.8% during the third quarter. Gamco Investors INC. ET AL now owns 609,050 shares of the company’s stock worth $20,817,000 after purchasing an additional 371,850 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of Golden Entertainment by 3.0% during the third quarter. William Blair Investment Management LLC now owns 454,556 shares of the company’s stock worth $15,537,000 after purchasing an additional 13,358 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Golden Entertainment by 6.5% in the 4th quarter. Jennison Associates LLC now owns 414,810 shares of the company’s stock valued at $16,563,000 after purchasing an additional 25,355 shares during the last quarter. 70.73% of the stock is currently owned by institutional investors and hedge funds.

Golden Entertainment Stock Performance

Shares of GDEN stock traded up $0.33 during midday trading on Monday, hitting $32.74. The company had a trading volume of 121,830 shares, compared to its average volume of 155,510. Golden Entertainment, Inc. has a 52-week low of $30.38 and a 52-week high of $47.49. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.35 and a quick ratio of 2.30. The company’s 50 day simple moving average is $34.83 and its 200 day simple moving average is $36.58. The stock has a market cap of $947.82 million, a price-to-earnings ratio of 3.95 and a beta of 2.25.

Golden Entertainment (NASDAQ:GDEN) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). The firm had revenue of $230.69 million during the quarter, compared to analysts’ expectations of $228.75 million. Golden Entertainment had a net margin of 24.28% and a return on equity of 6.40%. Research analysts anticipate that Golden Entertainment, Inc. will post 1.21 earnings per share for the current fiscal year.

Golden Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Monday, March 18th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, March 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.05%. Golden Entertainment’s dividend payout ratio (DPR) is 12.08%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Truist Financial cut their price target on Golden Entertainment from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. JMP Securities reduced their price target on shares of Golden Entertainment from $48.00 to $45.00 and set a “market outperform” rating for the company in a research report on Friday, March 1st. StockNews.com downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. Finally, B. Riley assumed coverage on shares of Golden Entertainment in a report on Friday. They issued a “buy” rating and a $46.00 target price for the company.

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.