Gamco Investors INC. ET AL Has $23.87 Million Stake in Golden Entertainment, Inc. (NASDAQ:GDEN)

Gamco Investors INC. ET AL reduced its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 1.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 755,251 shares of the company’s stock after selling 14,124 shares during the period. Gamco Investors INC. ET AL’s holdings in Golden Entertainment were worth $23,866,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GDEN. Barclays PLC raised its position in Golden Entertainment by 4.4% during the fourth quarter. Barclays PLC now owns 51,090 shares of the company’s stock valued at $1,615,000 after buying an additional 2,172 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Golden Entertainment in the fourth quarter worth approximately $729,000. Russell Investments Group Ltd. boosted its holdings in shares of Golden Entertainment by 61.8% during the fourth quarter. Russell Investments Group Ltd. now owns 190,033 shares of the company’s stock worth $6,005,000 after purchasing an additional 72,588 shares during the period. Envestnet Asset Management Inc. grew its position in Golden Entertainment by 8.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 73,620 shares of the company’s stock valued at $2,326,000 after purchasing an additional 5,767 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Golden Entertainment by 22.7% in the 4th quarter. Wells Fargo & Company MN now owns 12,602 shares of the company’s stock valued at $398,000 after buying an additional 2,331 shares during the period. Hedge funds and other institutional investors own 70.73% of the company’s stock.

Golden Entertainment Stock Up 0.0 %

GDEN opened at $25.13 on Tuesday. The firm has a market cap of $666.22 million, a P/E ratio of 20.27 and a beta of 1.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. The business has a 50 day moving average price of $28.92 and a 200 day moving average price of $30.85. Golden Entertainment, Inc. has a twelve month low of $22.66 and a twelve month high of $35.49.

Golden Entertainment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date was Friday, March 21st. Golden Entertainment’s payout ratio is 59.88%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Macquarie restated an “outperform” rating and set a $40.00 price target on shares of Golden Entertainment in a report on Friday, February 28th. JMP Securities reaffirmed a “market outperform” rating and issued a $36.00 target price on shares of Golden Entertainment in a research report on Thursday, January 16th. Jefferies Financial Group raised their price target on Golden Entertainment from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Friday, January 3rd. Wells Fargo & Company began coverage on Golden Entertainment in a research note on Monday, December 16th. They issued an “overweight” rating and a $38.00 price target for the company. Finally, StockNews.com cut shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Golden Entertainment currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.86.

Golden Entertainment Profile

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.