Nisa Investment Advisors LLC Reduces Holdings in Golden Entertainment, Inc. (NASDAQ:GDEN)

Nisa Investment Advisors LLC trimmed its stake in Golden Entertainment, Inc. (NASDAQ:GDEN) by 43.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,100 shares of the company’s stock after selling 5,510 shares during the period. Nisa Investment Advisors LLC’s holdings in Golden Entertainment were worth $284,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new stake in shares of Golden Entertainment in the 4th quarter worth about $973,000. Assenagon Asset Management S.A. lifted its position in Golden Entertainment by 83.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 251,299 shares of the company’s stock valued at $10,034,000 after acquiring an additional 114,454 shares during the period. Vanguard Group Inc. lifted its position in Golden Entertainment by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,556,412 shares of the company’s stock valued at $53,198,000 after acquiring an additional 3,988 shares during the period. American Century Companies Inc. lifted its position in Golden Entertainment by 111.8% during the 3rd quarter. American Century Companies Inc. now owns 153,059 shares of the company’s stock valued at $5,232,000 after acquiring an additional 80,784 shares during the period. Finally, Deutsche Bank AG lifted its position in Golden Entertainment by 15.8% during the 3rd quarter. Deutsche Bank AG now owns 9,472 shares of the company’s stock valued at $324,000 after acquiring an additional 1,295 shares during the period. 70.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. JMP Securities reduced their price objective on shares of Golden Entertainment from $48.00 to $45.00 and set a “market outperform” rating for the company in a research note on Friday, March 1st. Finally, Truist Financial started coverage on shares of Golden Entertainment in a research note on Friday, March 15th. They set a “buy” rating and a $45.00 price objective for the company.

Golden Entertainment Stock Down 0.2 %

NASDAQ:GDEN opened at $33.43 on Friday. The firm has a market cap of $967.80 million, a P/E ratio of 4.04 and a beta of 2.25. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.30 and a current ratio of 2.35. Golden Entertainment, Inc. has a fifty-two week low of $30.38 and a fifty-two week high of $47.49. The firm has a 50-day simple moving average of $35.58 and a two-hundred day simple moving average of $36.56.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). The firm had revenue of $230.69 million for the quarter, compared to the consensus estimate of $228.75 million. Golden Entertainment had a net margin of 24.28% and a return on equity of 6.40%. Analysts predict that Golden Entertainment, Inc. will post 1.21 earnings per share for the current fiscal year.

Golden Entertainment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Monday, March 18th were paid a $0.25 dividend. The ex-dividend date was Friday, March 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.99%. Golden Entertainment’s dividend payout ratio is presently 12.08%.

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.