Golden Entertainment (NASDAQ:GDEN) announced its quarterly earnings data on Thursday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.26), Fidelity Earnings reports. Golden Entertainment had a net margin of 0.36% and a return on equity of 1.89%. The firm had revenue of $210.34 million during the quarter, compared to analysts’ expectations of $214.70 million.

GDEN stock traded down $3.25 during mid-day trading on Friday, hitting $14.44. 1,971,722 shares of the company were exchanged, compared to its average volume of 343,938. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.38 and a quick ratio of 2.29. The firm has a market cap of $475.96 million, a PE ratio of 42.47, a price-to-earnings-growth ratio of 2.25 and a beta of 0.92. Golden Entertainment has a 12-month low of $13.25 and a 12-month high of $34.75.

In other Golden Entertainment news, Director Lyle Berman sold 141,685 shares of the stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $24.50, for a total transaction of $3,471,282.50. Following the completion of the transaction, the director now owns 898,293 shares of the company’s stock, valued at $22,008,178.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Stephen A. Arcana sold 8,656 shares of the stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $28.31, for a total transaction of $245,051.36. Following the transaction, the chief operating officer now directly 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 ninety days, insiders have sold 210,024 shares of company stock valued at $5,390,719. 33.80% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the business. Nantahala Capital Management LLC boosted its stake in shares of Golden Entertainment by 6.1% in the second quarter. Nantahala Capital Management LLC now owns 1,957,510 shares of the company’s stock valued at $52,833,000 after purchasing an additional 113,183 shares during the period. BlackRock Inc. boosted its stake in shares of Golden Entertainment by 14.9% in the third quarter. BlackRock Inc. now owns 1,449,426 shares of the company’s stock valued at $34,801,000 after purchasing an additional 187,912 shares during the period. FMR LLC boosted its stake in shares of Golden Entertainment by 4.6% in the third quarter. FMR LLC now owns 940,394 shares of the company’s stock valued at $22,580,000 after purchasing an additional 41,641 shares during the period. Monarch Partners Asset Management LLC purchased a new position in shares of Golden Entertainment in the third quarter valued at approximately $16,967,000. Finally, Teton Advisors Inc. boosted its stake in shares of Golden Entertainment by 0.8% in the second quarter. Teton Advisors Inc. now owns 509,297 shares of the company’s stock valued at $13,746,000 after purchasing an additional 4,000 shares during the period. 63.43% of the stock is owned by institutional investors.

A number of equities research analysts recently issued reports on the stock. BidaskClub lowered shares of Golden Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Jefferies Financial Group upped their price objective 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. TheStreet lowered shares of Golden Entertainment from a “b” rating to a “c” rating in a report on Wednesday, August 15th. ValuEngine lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Finally, Zacks Investment Research lowered shares of Golden Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, August 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Golden Entertainment presently has a consensus rating of “Hold” and an average price target of $38.33.

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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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Earnings History for Golden Entertainment (NASDAQ:GDEN)

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