Anthony Brian Goodman Sells 5,000 Shares of Meridian (NASDAQ:MRDN) Stock

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 5,000 shares of Meridian stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $14.33, for a total transaction of $71,650.00. Following the completion of the transaction, the chief executive officer owned 448,463 shares of the company’s stock, valued at $6,426,474.79. This trade represents a 1.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, June 23rd, Anthony Brian Goodman sold 5,500 shares of Meridian stock. The stock was sold at an average price of $13.73, for a total transaction of $75,515.00.
• On Monday, June 22nd, Anthony Brian Goodman sold 3,650 shares of Meridian stock. The shares were sold at an average price of $13.76, for a total transaction of $50,224.00.
• On Thursday, June 18th, Anthony Brian Goodman sold 5,000 shares of Meridian stock. The shares were sold at an average price of $13.70, for a total transaction of $68,500.00.
• On Friday, June 12th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The stock was sold at an average price of $12.68, for a total transaction of $126,800.00.
• On Thursday, June 11th, Anthony Brian Goodman sold 9,000 shares of Meridian stock. The stock was sold at an average price of $13.02, for a total value of $117,180.00.
• On Wednesday, June 10th, Anthony Brian Goodman sold 7,000 shares of Meridian stock. The shares were sold at an average price of $13.04, for a total value of $91,280.00.
• On Friday, May 22nd, Anthony Brian Goodman sold 12,196 shares of Meridian stock. The shares were sold at an average price of $10.37, for a total value of $126,472.52.
• On Monday, May 4th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The stock was sold at an average price of $12.75, for a total transaction of $127,500.00.
• On Monday, April 27th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The stock was 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 transaction of $63,400.00.

Meridian Stock Down 7.5%

NASDAQ:MRDN opened at $12.23 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 0.10. The stock has a market cap of $154.95 million, a P/E ratio of -1.68 and a beta of 0.67. The stock’s 50 day moving average price is $10.89. Meridian Holdings Inc. has a 52-week low of $5.80 and a 52-week high of $22.78.

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

Wall Street Analysts Forecast Growth

MRDN has been the subject of several analyst reports. Wall Street Zen upgraded Meridian to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings started coverage on shares of Meridian in a research note on Tuesday, April 7th. They issued a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell” and an average price target of $21.60.

Institutional Trading of Meridian

Several hedge funds have recently modified their holdings of the business. Topline Capital Management LLC boosted its stake in shares of Meridian by 1,072.4% in the third quarter. Topline Capital Management LLC now owns 623,909 shares of the company’s stock valued at $705,000 after buying an additional 570,694 shares in the last quarter. Whetstone Capital Advisors LLC acquired a new stake in Meridian in the fourth quarter valued at $331,000. Citadel Advisors LLC boosted its position in shares of Meridian by 1,603.2% during the 3rd quarter. Citadel Advisors LLC now owns 206,082 shares of the company’s stock worth $233,000 after purchasing an additional 193,982 shares in the last quarter. Sandhill Capital Partners LLC acquired a new position in shares of Meridian during the 3rd quarter worth $195,000. Finally, Squarepoint Ops LLC increased its holdings in shares of Meridian by 115.2% in the 3rd quarter. Squarepoint Ops LLC now owns 148,302 shares of the company’s stock valued at $168,000 after purchasing an additional 79,382 shares in the last quarter. 2.74% of the stock is owned by institutional investors and hedge funds.

About Meridian

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.