State Board of Administration of Florida Retirement System bought a new position in shares of Golden Entertainment Inc (NASDAQ:GDEN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,077 shares of the company’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wells Fargo & Company MN grew its stake in shares of Golden Entertainment by 1,003.6% during the 1st quarter. Wells Fargo & Company MN now owns 421,472 shares of the company’s stock worth $9,791,000 after acquiring an additional 383,281 shares during the period. Rhumbline Advisers grew its stake in shares of Golden Entertainment by 60.6% during the 1st quarter. Rhumbline Advisers now owns 15,957 shares of the company’s stock worth $371,000 after acquiring an additional 6,020 shares during the period. Mackay Shields LLC bought a new position in shares of Golden Entertainment during the 1st quarter worth $311,000. American Century Companies Inc. grew its stake in shares of Golden Entertainment by 519.6% during the 1st quarter. American Century Companies Inc. now owns 49,899 shares of the company’s stock worth $1,159,000 after acquiring an additional 41,846 shares during the period. Finally, Victory Capital Management Inc. bought a new position in shares of Golden Entertainment during the 1st quarter worth $192,000. Hedge funds and other institutional investors own 63.30% of the company’s stock.

In other Golden Entertainment news, Director Lyle Berman sold 36,493 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $27.49, for a total value of $1,003,192.57. Following the completion of the transaction, the director now owns 913,293 shares in the company, valued at approximately $25,106,424.57. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Stephen A. Arcana sold 8,656 shares of the firm’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $28.31, for a total value of $245,051.36. Following the completion of the transaction, the chief operating officer now owns 68,434 shares of the company’s stock, valued at approximately $1,937,366.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,339 shares of company stock valued at $1,919,437. 33.80% of the stock is owned by corporate insiders.

Shares of NASDAQ GDEN opened at $24.21 on Friday. Golden Entertainment Inc has a 52 week low of $22.55 and a 52 week high of $34.75. The company has a quick ratio of 2.29, a current ratio of 2.38 and a debt-to-equity ratio of 2.69. The stock has a market capitalization of $742.55 million, a price-to-earnings ratio of 71.65, a P/E/G ratio of 3.03 and a beta of 0.50.

Golden Entertainment (NASDAQ:GDEN) last issued its earnings results on Wednesday, August 8th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.11). Golden Entertainment had a return on equity of 1.89% and a net margin of 0.36%. The company had revenue of $216.54 million during the quarter, compared to the consensus estimate of $223.40 million. equities analysts forecast that Golden Entertainment Inc will post 0.89 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on the company. Telsey Advisory Group increased their price target on Golden Entertainment from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 29th. BidaskClub upgraded Golden Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, August 25th. TheStreet downgraded Golden Entertainment from a “b” rating to a “c” rating in a research note on Wednesday, August 15th. Jefferies Financial Group increased their price target on Golden Entertainment from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, August 9th. Finally, Zacks Investment Research downgraded Golden Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, August 13th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $37.00.

Golden Entertainment Company Profile

Golden Entertainment, Inc, together with its subsidiaries, focuses on distributed gaming, and resort casino operations in the United States. The Distributed Gaming segment is involved in the installation, maintenance, and operation of slots and amusement devices in non-casino locations, such as grocery stores, convenience stores, restaurants, bars, taverns, and liquor stores; and operation of branded taverns targeting local patrons primarily in the greater Las Vegas, Nevada metropolitan area.

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Institutional Ownership by Quarter for Golden Entertainment (NASDAQ:GDEN)

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