Bamco Inc. NY Has $5.91 Million Stock Position in Boyd Gaming Co. (NYSE:BYD)

Bamco Inc. NY cut its holdings in shares of Boyd Gaming Co. (NYSE:BYD) by 24.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,500 shares of the company’s stock after selling 26,463 shares during the period. Bamco Inc. NY’s holdings in Boyd Gaming were worth $5,912,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of BYD. Rhumbline Advisers lifted its holdings in Boyd Gaming by 1.0% in the fourth quarter. Rhumbline Advisers now owns 185,714 shares of the company’s stock valued at $13,472,000 after buying an additional 1,797 shares during the period. Raymond James Financial Inc. bought a new position in shares of Boyd Gaming in the 4th quarter worth $43,273,000. Allspring Global Investments Holdings LLC grew its stake in shares of Boyd Gaming by 226.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 202,824 shares of the company’s stock worth $14,569,000 after purchasing an additional 140,707 shares during the period. Truist Financial Corp grew its stake in shares of Boyd Gaming by 20.7% during the fourth quarter. Truist Financial Corp now owns 4,458 shares of the company’s stock worth $323,000 after purchasing an additional 765 shares during the period. Finally, GC Wealth Management RIA LLC bought a new stake in Boyd Gaming in the fourth quarter valued at about $307,000. Institutional investors own 76.81% of the company’s stock.

Insiders Place Their Bets

In other Boyd Gaming news, Director William R. Boyd sold 15,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $79.32, for a total value of $1,189,800.00. Following the transaction, the director now directly owns 1,472,970 shares in the company, valued at $116,835,980.40. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christine J. Spadafor sold 1,125 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $75.28, for a total transaction of $84,690.00. Following the completion of the transaction, the director now directly owns 4,852 shares in the company, valued at approximately $365,258.56. This represents a 18.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,125 shares of company stock valued at $5,158,490 in the last 90 days. 27.94% of the stock is currently owned by insiders.

Boyd Gaming Stock Down 1.0 %

Shares of Boyd Gaming stock opened at $70.17 on Tuesday. The firm has a market cap of $5.79 billion, a PE ratio of 11.28, a P/E/G ratio of 4.46 and a beta of 1.31. The business’s 50 day simple moving average is $67.47 and its 200 day simple moving average is $71.42. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82. Boyd Gaming Co. has a 52-week low of $49.34 and a 52-week high of $80.50.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.10. Boyd Gaming had a net margin of 14.70% and a return on equity of 35.97%. The company had revenue of $991.57 million for the quarter, compared to the consensus estimate of $976.38 million. During the same period last year, the company earned $1.51 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. On average, analysts predict that Boyd Gaming Co. will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 17th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, March 17th. This is a boost from Boyd Gaming’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 1.03%. Boyd Gaming’s dividend payout ratio is 11.75%.

Wall Street Analysts Forecast Growth

BYD has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on Boyd Gaming from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Barclays lowered their target price on shares of Boyd Gaming from $78.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Truist Financial reduced their price target on shares of Boyd Gaming from $92.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. Macquarie restated a “neutral” rating and issued a $74.00 price objective on shares of Boyd Gaming in a research report on Friday, April 25th. Finally, StockNews.com lowered Boyd Gaming from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 27th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.07.

About Boyd Gaming

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.