Meridian (NASDAQ:MRDN) CEO Anthony Brian Goodman Sells 5,500 Shares

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 5,500 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $13.73, for a total value of $75,515.00. Following the transaction, the chief executive officer directly owned 429,313 shares in the company, valued at $5,894,467.49. This trade represents a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Anthony Brian Goodman also recently made the following trade(s):

• On Monday, June 22nd, Anthony Brian Goodman sold 3,650 shares of Meridian stock. The stock was sold at an average price of $13.76, for a total value of $50,224.00.
• On Thursday, June 18th, Anthony Brian Goodman sold 5,000 shares of Meridian stock. The stock was sold at an average price of $13.70, for a total value of $68,500.00.
• On Monday, June 15th, Anthony Brian Goodman sold 5,000 shares of Meridian stock. The stock was sold at an average price of $14.33, for a total value of $71,650.00.
• On Friday, June 12th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The shares were sold at an average price of $12.68, for a total transaction of $126,800.00.
• On Thursday, June 11th, Anthony Brian Goodman sold 9,000 shares of Meridian stock. The shares were sold at an average price of $13.02, for a total transaction of $117,180.00.
• On Wednesday, June 10th, Anthony Brian Goodman sold 7,000 shares of Meridian stock. The stock was sold at an average price of $13.04, for a total transaction of $91,280.00.
• On Friday, May 22nd, Anthony Brian Goodman sold 12,196 shares of Meridian stock. The stock was sold at an average price of $10.37, for a total transaction of $126,472.52.
• On Monday, May 4th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The shares were sold at an average price of $12.75, for a total transaction of $127,500.00.
• On Monday, April 27th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The shares were sold at an average price of $6.41, for a total transaction of $64,100.00.
• On Friday, April 24th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The stock was sold at an average price of $6.34, for a total transaction of $63,400.00.

Meridian Stock Performance

MRDN traded up $0.01 during trading on Wednesday, reaching $13.22. 56,920 shares of the company’s stock were exchanged, compared to its average volume of 38,773. The firm has a fifty day moving average of $10.65. The firm has a market cap of $167.48 million, a price-to-earnings ratio of -1.82 and a beta of 0.67. Meridian Holdings Inc. has a fifty-two week low of $5.80 and a fifty-two week high of $22.78. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.57 and a quick ratio of 0.48.

Meridian (NASDAQ:MRDN) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $50.10 million for the quarter. Meridian had a negative return on equity of 99.65% and a negative net margin of 45.94%. Research analysts forecast that Meridian Holdings Inc. will post 0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Meridian

A number of hedge funds have recently modified their holdings of the business. Marex Group plc acquired a new position in shares of Meridian in the 2nd quarter valued at approximately $26,000. Virtu Financial LLC bought a new position in Meridian in the third quarter valued at approximately $33,000. Marshall Wace LLP bought a new position in Meridian in the second quarter valued at approximately $57,000. Topline Capital Management LLC acquired a new position in shares of Meridian in the second quarter valued at approximately $90,000. Finally, Continuum Advisory LLC boosted its holdings in shares of Meridian by 375.0% in the fourth quarter. Continuum Advisory LLC now owns 57,000 shares of the company’s stock valued at $46,000 after buying an additional 45,000 shares during the period. Institutional investors and hedge funds own 2.74% of the company’s stock.

Wall Street Analyst Weigh In

MRDN has been the topic of a number of analyst reports. Weiss Ratings assumed coverage on shares of Meridian in a research report on Tuesday, April 7th. They issued a “sell (e+)” rating on the stock. Wall Street Zen upgraded shares of Meridian to a “strong-buy” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell” and an average price target of $21.60.

About Meridian

Meridian Holdings Inc is engaged in the online gaming and betting business, providing sports betting, online casino, and gaming operations across multiple jurisdictions in Europe, Africa, and Central and South America. The company has three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The MeridianBet Group segment includes retail and online sports betting, casinos, and related gaming operations. The GMAG segment focuses on the resale of third-party gaming content, mainly serving customers in the Asia-Pacific region.