Credit Industriel ET Commercial Buys New Shares in Golden Entertainment, Inc. $GDEN

Credit Industriel ET Commercial bought a new stake in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) during the 4th quarter, HoldingsChannel.com reports. The fund bought 46,280 shares of the company’s stock, valued at approximately $1,258,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GDEN. Raymond James Financial Inc. bought a new position in shares of Golden Entertainment during the 2nd quarter valued at $27,000. Tower Research Capital LLC TRC grew its holdings in shares of Golden Entertainment by 168.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,680 shares of the company’s stock valued at $79,000 after purchasing an additional 1,680 shares during the last quarter. Creative Planning bought a new position in shares of Golden Entertainment during the 2nd quarter valued at $201,000. The Manufacturers Life Insurance Company bought a new position in shares of Golden Entertainment during the 2nd quarter valued at $210,000. Finally, iSAM Funds UK Ltd bought a new position in shares of Golden Entertainment during the 2nd quarter valued at $215,000. Institutional investors own 70.73% of the company’s stock.

Golden Entertainment Price Performance

Shares of Golden Entertainment stock opened at $28.55 on Wednesday. The firm has a market cap of $753.69 million, a PE ratio of -114.20 and a beta of 1.40. Golden Entertainment, Inc. has a 12-month low of $19.57 and a 12-month high of $32.74. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 1.01. The company’s fifty day simple moving average is $27.87 and its two-hundred day simple moving average is $27.36.

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

Golden Entertainment Dividend Announcement

The company also recently declared a special dividend, which was paid on Friday, May 1st. Shareholders of record on Thursday, April 30th were issued a $2.75 dividend. Golden Entertainment’s dividend payout ratio (DPR) is presently -400.00%.

Analysts Set New Price Targets

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

Golden Entertainment Company Profile

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.