Carlson Capital L.P. Makes New Investment in Golden Entertainment, Inc. $GDEN

Carlson Capital L.P. bought a new position in Golden Entertainment, Inc. (NASDAQ:GDEN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 30,000 shares of the company’s stock, valued at approximately $816,000.

Several other large investors have also made changes to their positions in the company. Gamco Investors INC. ET AL raised its position in shares of Golden Entertainment by 3.8% in the 3rd quarter. Gamco Investors INC. ET AL now owns 901,138 shares of the company’s stock worth $21,249,000 after buying an additional 32,992 shares during the period. New York State Common Retirement Fund raised its position in shares of Golden Entertainment by 1.3% in the 3rd quarter. New York State Common Retirement Fund now owns 431,177 shares of the company’s stock worth $10,167,000 after buying an additional 5,612 shares during the period. Bernzott Capital Advisors raised its position in shares of Golden Entertainment by 55.2% in the 3rd quarter. Bernzott Capital Advisors now owns 336,288 shares of the company’s stock worth $7,930,000 after buying an additional 119,606 shares during the period. Two Sigma Investments LP raised its position in shares of Golden Entertainment by 80.7% in the 3rd quarter. Two Sigma Investments LP now owns 190,545 shares of the company’s stock worth $4,493,000 after buying an additional 85,071 shares during the period. Finally, Gabelli Funds LLC raised its position in shares of Golden Entertainment by 8.3% in the 3rd quarter. Gabelli Funds LLC now owns 190,200 shares of the company’s stock worth $4,485,000 after buying an additional 14,600 shares during the period. 70.73% of the stock is owned by hedge funds and other institutional investors.

Golden Entertainment Price Performance

Shares of Golden Entertainment stock opened at $28.55 on Friday. The business has a 50-day moving average of $27.85 and a 200-day moving average of $27.44. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.17 and a quick ratio of 1.07. The company has a market capitalization of $753.69 million, a PE ratio of -114.20 and a beta of 1.40. Golden Entertainment, Inc. has a 1-year low of $19.57 and a 1-year high of $32.74.

Golden Entertainment (NASDAQ:GDEN) last announced its earnings results on Friday, February 27th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.12). The business had revenue of $155.63 million for the quarter, compared to analyst estimates of $166.61 million. Golden Entertainment had a negative net margin of 0.95% and a positive return on equity of 0.51%.

Golden Entertainment Announces Dividend

The firm also recently announced a special dividend, which was paid on Friday, May 1st. Stockholders of record on Thursday, April 30th were paid a dividend of $2.75 per share. Golden Entertainment’s dividend payout ratio is presently -400.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Citigroup reiterated a “market perform” rating on shares of Golden Entertainment in a research note on Tuesday, March 10th. Weiss Ratings downgraded shares of Golden Entertainment from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen upgraded Golden Entertainment to a “hold” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $32.75.

About Golden Entertainment

Golden Entertainment, Inc is a diversified gaming and hospitality company that operates in the casino, tavern-casino and slot route markets. The company’s core activities encompass the ownership and management of full-service resort casinos, a portfolio of branded neighborhood tavern-casinos and a large slot distribution network. Headquartered in Summerlin, Nevada, Golden Entertainment serves leisure and local gaming customers across multiple Western U.S. markets.

In its casino and tavern-casino segment, Golden Entertainment owns and operates properties such as Bronco Billy’s Casino & Hotel in Cripple Creek, Colorado, along with a collection of PT’s branded venues throughout Southern Nevada.