Dynamic Technology Lab Private Ltd bought a new stake in shares of Golden Entertainment Inc (NASDAQ:GDEN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,903 shares of the company’s stock, valued at approximately $510,000. Dynamic Technology Lab Private Ltd owned about 0.07% of Golden Entertainment as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in GDEN. Park West Asset Management LLC bought a new position in shares of Golden Entertainment during the 1st quarter valued at $31,361,000. BlackRock Inc. grew its holdings in shares of Golden Entertainment by 99.8% during the 1st quarter. BlackRock Inc. now owns 1,088,784 shares of the company’s stock valued at $25,292,000 after purchasing an additional 543,871 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of Golden Entertainment during the 1st quarter valued at $9,617,000. Wells Fargo & Company MN grew its holdings 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 valued at $9,791,000 after purchasing an additional 383,281 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of Golden Entertainment by 576.6% during the 1st quarter. Allianz Asset Management GmbH now owns 441,382 shares of the company’s stock valued at $10,253,000 after purchasing an additional 376,142 shares during the last quarter. 63.44% of the stock is currently owned by institutional investors.

Several equities analysts recently commented on GDEN shares. BidaskClub raised shares of Golden Entertainment from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 22nd. Telsey Advisory Group increased their target price on shares of Golden Entertainment from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Tuesday, May 29th. TheStreet raised shares of Golden Entertainment from a “c+” rating to a “b” rating in a report on Monday, June 4th. Zacks Investment Research raised shares of Golden Entertainment from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 11th. Finally, Jefferies Financial Group increased their target price on shares of Golden Entertainment from $38.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, August 9th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Golden Entertainment currently has a consensus rating of “Hold” and an average price target of $37.00.

In other Golden Entertainment news, Director Lyle Berman sold 36,493 shares of the firm’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $27.49, for a total value of $1,003,192.57. Following the sale, the director now owns 913,293 shares of the company’s stock, valued at approximately $25,106,424.57. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Stephen A. Arcana sold 8,656 shares of the firm’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $28.31, for a total transaction of $245,051.36. Following the completion of the sale, the chief operating officer now directly owns 68,434 shares in the company, valued at approximately $1,937,366.54. The disclosure for this sale can be found here. In the last three months, insiders sold 210,024 shares of company stock worth $5,390,719. Insiders own 33.80% of the company’s stock.

Shares of Golden Entertainment stock opened at $26.50 on Monday. The firm has a market capitalization of $728.79 million, a price-to-earnings ratio of 126.14, a PEG ratio of 2.98 and a beta of 0.50. Golden Entertainment Inc has a 12-month low of $22.55 and a 12-month high of $34.75. The company has a debt-to-equity ratio of 2.69, a quick ratio of 2.29 and a current ratio of 2.38.

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

About Golden Entertainment

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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