MML Investors Services LLC Boosts Stock Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

MML Investors Services LLC lifted its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN) by 11.0% in the fourth quarter, HoldingsChannel reports. The firm owned 70,448 shares of the company’s stock after purchasing an additional 6,999 shares during the quarter. MML Investors Services LLC’s holdings in Golden Entertainment were worth $2,226,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Golden Entertainment by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 1,490,019 shares of the company’s stock valued at $47,085,000 after purchasing an additional 57,285 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in Golden Entertainment by 26.6% during the fourth quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company’s stock worth $40,864,000 after buying an additional 271,782 shares during the period. Sequoia Financial Advisors LLC increased its position in Golden Entertainment by 4.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 673,667 shares of the company’s stock valued at $21,288,000 after acquiring an additional 27,508 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Golden Entertainment by 5.4% in the fourth quarter. New York State Common Retirement Fund now owns 384,739 shares of the company’s stock valued at $12,158,000 after acquiring an additional 19,587 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Golden Entertainment by 10.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 309,196 shares of the company’s stock worth $9,771,000 after acquiring an additional 30,487 shares during the last quarter. 70.73% of the stock is owned by hedge funds and other institutional investors.

Golden Entertainment Price Performance

GDEN opened at $25.87 on Tuesday. Golden Entertainment, Inc. has a 12-month low of $22.66 and a 12-month high of $35.49. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. The business’s fifty day simple moving average is $27.41 and its 200-day simple moving average is $30.52. The company has a market capitalization of $683.87 million, a price-to-earnings ratio of 20.86 and a beta of 1.99.

Golden Entertainment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend was Friday, March 21st. Golden Entertainment’s payout ratio is 59.88%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Macquarie reissued an “outperform” rating and issued a $40.00 price objective on shares of Golden Entertainment in a research report on Friday, February 28th. JMP Securities dropped their price objective on Golden Entertainment from $37.00 to $36.00 and set a “market outperform” rating for the company in a report on Thursday, April 17th. StockNews.com lowered Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Jefferies Financial Group increased their target price on Golden Entertainment from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Golden Entertainment currently has an average rating of “Moderate Buy” and a consensus price target of $36.86.

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.