43,509 Shares in Golden Entertainment, Inc. $GDEN Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new stake in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) in the second quarter, Holdings Channel reports. The fund bought 43,509 shares of the company’s stock, valued at approximately $1,277,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC purchased a new stake in shares of Golden Entertainment during the second quarter worth approximately $35,000. Creative Planning acquired a new stake in Golden Entertainment during the 2nd quarter worth $201,000. MGO One Seven LLC purchased a new stake in shares of Golden Entertainment during the second quarter worth $251,000. State of Wyoming raised its position in shares of Golden Entertainment by 24.5% in the first quarter. State of Wyoming now owns 10,662 shares of the company’s stock valued at $281,000 after buying an additional 2,098 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Golden Entertainment in the first quarter valued at about $298,000. Hedge funds and other institutional investors own 70.73% of the company’s stock.

Golden Entertainment Trading Up 0.0%

GDEN opened at $27.98 on Tuesday. The business’s 50 day moving average price is $25.38 and its 200 day moving average price is $26.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.02 and a current ratio of 1.10. The stock has a market capitalization of $732.24 million, a PE ratio of 155.44 and a beta of 1.52. Golden Entertainment, Inc. has a one year low of $19.57 and a one year high of $35.49.

Golden Entertainment (NASDAQ:GDEN) last posted its earnings results on Thursday, November 6th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.10). Golden Entertainment had a net margin of 0.85% and a return on equity of 1.20%. The business had revenue of $154.82 million during the quarter, compared to analysts’ expectations of $157.21 million. As a group, equities research analysts expect that Golden Entertainment, Inc. will post 0.2 EPS for the current year.

Golden Entertainment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 22nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 3.6%. Golden Entertainment’s dividend payout ratio is presently 555.56%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GDEN shares. Wells Fargo & Company restated a “sell” rating and set a $30.00 price target (down from $34.00) on shares of Golden Entertainment in a research report on Thursday, November 6th. Truist Financial boosted their target price on Golden Entertainment from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Golden Entertainment in a research report on Monday, December 1st. JMP Securities reduced their price objective on Golden Entertainment from $35.00 to $34.00 and set a “market outperform” rating on the stock in a research report on Tuesday, September 16th. Finally, Citizens Jmp lowered Golden Entertainment from a “market outperform” rating to a “hold” rating in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $32.60.

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.