Golden Entertainment, Inc. $GDEN is Hill Path Capital LP’s 8th Largest Position

Hill Path Capital LP raised its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 477.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 655,625 shares of the company’s stock after acquiring an additional 542,150 shares during the quarter. Golden Entertainment comprises approximately 1.0% of Hill Path Capital LP’s holdings, making the stock its 8th biggest position. Hill Path Capital LP’s holdings in Golden Entertainment were worth $19,295,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue raised its position in shares of Golden Entertainment by 3.5% in the second quarter. State of Alaska Department of Revenue now owns 11,792 shares of the company’s stock valued at $346,000 after purchasing an additional 397 shares during the period. Invesco Ltd. grew its stake in Golden Entertainment by 0.4% in the 1st quarter. Invesco Ltd. now owns 109,805 shares of the company’s stock valued at $2,898,000 after buying an additional 479 shares in the last quarter. Gabelli Funds LLC raised its holdings in Golden Entertainment by 0.3% during the 1st quarter. Gabelli Funds LLC now owns 173,000 shares of the company’s stock valued at $4,565,000 after acquiring an additional 500 shares during the period. SummerHaven Investment Management LLC lifted its position in shares of Golden Entertainment by 2.0% during the second quarter. SummerHaven Investment Management LLC now owns 27,250 shares of the company’s stock worth $802,000 after acquiring an additional 544 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Golden Entertainment during the second quarter worth $27,000. Institutional investors own 70.73% of the company’s stock.

Golden Entertainment Price Performance

Shares of Golden Entertainment stock opened at $28.21 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.02. Golden Entertainment, Inc. has a one year low of $19.57 and a one year high of $35.49. The business’s 50 day simple moving average is $25.74 and its two-hundred day simple moving average is $26.57. The stock has a market capitalization of $738.54 million, a P/E ratio of 156.72 and a beta of 1.52.

Golden Entertainment (NASDAQ:GDEN) last issued its earnings results on Thursday, November 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.10). Golden Entertainment had a return on equity of 1.20% and a net margin of 0.85%.The firm had revenue of $154.82 million during the quarter, compared to the consensus estimate of $157.21 million. Analysts forecast that Golden Entertainment, Inc. will post 0.2 EPS for the current year.

Golden Entertainment Announces Dividend

The company also recently disclosed 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 is Monday, December 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.5%. Golden Entertainment’s payout ratio is presently 555.56%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GDEN shares. Zacks Research downgraded shares of Golden Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Weiss Ratings restated a “sell (d+)” rating on shares of Golden Entertainment in a research report on Monday. JMP Securities cut their target price on Golden Entertainment from $35.00 to $34.00 and set a “market outperform” rating for the company in a research note on Tuesday, September 16th. Wells Fargo & Company reiterated 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. Finally, Truist Financial boosted their price objective on shares of Golden Entertainment from $25.00 to $30.00 and gave the stock a “hold” rating in a report 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $32.60.

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.