Golden Entertainment, Inc. (NASDAQ:GDEN) Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 0.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,301 shares of the company’s stock after purchasing an additional 419 shares during the period. Mutual of America Capital Management LLC owned approximately 0.96% of Golden Entertainment worth $6,685,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC raised its stake in shares of Golden Entertainment by 405.7% in the 4th quarter. Lazard Asset Management LLC now owns 1,871 shares of the company’s stock valued at $59,000 after acquiring an additional 1,501 shares during the period. Meeder Asset Management Inc. increased its stake in Golden Entertainment by 86.0% during the 4th quarter. Meeder Asset Management Inc. now owns 2,474 shares of the company’s stock worth $78,000 after buying an additional 1,144 shares during the period. Inscription Capital LLC purchased a new stake in Golden Entertainment during the 1st quarter worth approximately $165,000. GAMMA Investing LLC grew its holdings in Golden Entertainment by 1,136.9% during the 1st quarter. GAMMA Investing LLC now owns 6,729 shares of the company’s stock worth $178,000 after acquiring an additional 6,185 shares in the last quarter. Finally, Two Sigma Securities LLC grew its holdings in Golden Entertainment by 10.9% during the 4th quarter. Two Sigma Securities LLC now owns 7,219 shares of the company’s stock worth $228,000 after acquiring an additional 709 shares in the last quarter. 70.73% of the stock is owned by hedge funds and other institutional investors.

Golden Entertainment Stock Up 1.3%

Shares of Golden Entertainment stock opened at $32.59 on Tuesday. The company has a market cap of $861.35 million, a P/E ratio of 83.56 and a beta of 1.79. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.95. Golden Entertainment, Inc. has a one year low of $22.66 and a one year high of $35.49. The firm has a fifty day moving average of $28.68 and a two-hundred day moving average of $29.19.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The firm had revenue of $160.84 million for the quarter, compared to analysts’ expectations of $164.37 million. Golden Entertainment had a return on equity of 3.10% and a net margin of 1.72%. On average, analysts forecast that Golden Entertainment, Inc. will post 0.2 earnings per share for the current year.

Golden Entertainment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were paid a $0.25 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.07%. Golden Entertainment’s dividend payout ratio (DPR) is presently 256.41%.

Analyst Upgrades and Downgrades

GDEN has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Golden Entertainment from a “hold” rating to a “buy” rating in a report on Monday, May 12th. JMP Securities decreased their price target on shares of Golden Entertainment from $37.00 to $36.00 and set a “market outperform” rating for the company in a research note on Thursday, April 17th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.00.

Golden Entertainment Company 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.