Golden Entertainment, Inc. $GDEN Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC grew its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 0.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 173,000 shares of the company’s stock after purchasing an additional 500 shares during the period. Gabelli Funds LLC owned 0.65% of Golden Entertainment worth $4,565,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Lazard Asset Management LLC boosted its stake in shares of Golden Entertainment by 405.7% during the 4th quarter. Lazard Asset Management LLC now owns 1,871 shares of the company’s stock worth $59,000 after purchasing an additional 1,501 shares during the last quarter. Inscription Capital LLC acquired a new stake in shares of Golden Entertainment in the first quarter worth approximately $165,000. GAMMA Investing LLC boosted its position in shares of Golden Entertainment by 1,136.9% in the first quarter. GAMMA Investing LLC now owns 6,729 shares of the company’s stock worth $178,000 after acquiring an additional 6,185 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Golden Entertainment by 29.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,654 shares of the company’s stock worth $202,000 after acquiring an additional 1,750 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Golden Entertainment in the first quarter worth approximately $222,000. 70.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GDEN shares. JMP Securities decreased their target price on shares of Golden Entertainment from $36.00 to $35.00 and set a “market outperform” rating on the stock in a research report on Friday, July 18th. Citigroup reissued an “outperform” rating on shares of Golden Entertainment in a research report on Friday, July 18th. Wall Street Zen raised shares of Golden Entertainment from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Truist Financial cut shares of Golden Entertainment from a “buy” rating to a “hold” rating and decreased their target price for the stock from $36.00 to $34.00 in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company decreased their target price on shares of Golden Entertainment from $36.00 to $34.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 12th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.33.

Golden Entertainment Price Performance

Golden Entertainment stock opened at $25.25 on Friday. Golden Entertainment, Inc. has a 52-week low of $22.66 and a 52-week high of $35.49. The firm has a fifty day moving average of $28.16 and a 200-day moving average of $28.04. The firm has a market capitalization of $660.54 million, a P/E ratio of 46.76 and a beta of 1.83. The company has a quick ratio of 1.03, a current ratio of 1.12 and a debt-to-equity ratio of 0.95.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. Golden Entertainment had a net margin of 2.35% and a return on equity of 3.23%. The company had revenue of $163.62 million during the quarter, compared to analyst estimates of $169.70 million. As a group, analysts predict that Golden Entertainment, Inc. will post 0.2 EPS for the current year.

Golden Entertainment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Thursday, September 25th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.00 annualized dividend and a dividend yield of 4.0%. Golden Entertainment’s dividend payout ratio is presently 185.19%.

About Golden Entertainment

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.