Mutual of America Capital Management LLC Has $7.44 Million Stock Position in Golden Entertainment, Inc. $GDEN

Mutual of America Capital Management LLC lessened its stake in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 0.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 252,852 shares of the company’s stock after selling 449 shares during the period. Mutual of America Capital Management LLC’s holdings in Golden Entertainment were worth $7,441,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in GDEN. MGO One Seven LLC acquired a new stake in shares of Golden Entertainment in the 2nd quarter valued at approximately $251,000. DAVENPORT & Co LLC lifted its stake in Golden Entertainment by 3.7% in the second quarter. DAVENPORT & Co LLC now owns 1,484,882 shares of the company’s stock valued at $43,818,000 after acquiring an additional 53,582 shares during the last quarter. SummerHaven Investment Management LLC grew its position in shares of Golden Entertainment by 2.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 27,250 shares of the company’s stock valued at $802,000 after acquiring an additional 544 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Golden Entertainment by 3.5% in the 2nd 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. Finally, Parallel Advisors LLC acquired a new stake in Golden Entertainment in the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 70.73% of the company’s stock.

Analyst Upgrades and Downgrades

GDEN has been the topic of several research analyst reports. Citigroup restated an “outperform” rating on shares of Golden Entertainment in a research note on Tuesday, September 16th. Zacks Research raised Golden Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Wells Fargo & Company decreased their price objective on shares of Golden Entertainment from $36.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, August 12th. JMP Securities dropped their price objective on shares of Golden Entertainment from $35.00 to $34.00 and set a “market outperform” rating on the stock in a research report on Tuesday, September 16th. Finally, Truist Financial lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating and decreased their price target for the company from $36.00 to $34.00 in a research note on Wednesday, July 16th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $34.20.

Golden Entertainment Trading Up 2.6%

GDEN stock opened at $23.13 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.03 and a current ratio of 1.12. The company’s 50-day simple moving average is $23.97 and its 200 day simple moving average is $26.54. Golden Entertainment, Inc. has a 52 week low of $21.28 and a 52 week high of $35.49. The company has a market capitalization of $605.08 million, a PE ratio of 42.83 and a beta of 1.69.

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

Golden Entertainment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Thursday, September 25th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Thursday, September 25th. Golden Entertainment’s payout ratio is 185.19%.

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.