Golden Entertainment, Inc. (NASDAQ:GDEN) Short Interest Update

Golden Entertainment, Inc. (NASDAQ:GDEN) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 614,700 shares, a growth of 6.6% from the April 15th total of 576,900 shares. Based on an average trading volume of 168,300 shares, the short-interest ratio is presently 3.7 days. Approximately 2.9% of the shares of the stock are short sold.

Institutional Trading of Golden Entertainment

A number of hedge funds have recently modified their holdings of GDEN. Sequoia Financial Advisors LLC acquired a new stake in shares of Golden Entertainment in the 3rd quarter valued at approximately $35,680,000. Gamco Investors INC. ET AL raised its position in shares of Golden Entertainment by 156.8% in the 3rd quarter. Gamco Investors INC. ET AL now owns 609,050 shares of the company’s stock valued at $20,817,000 after acquiring an additional 371,850 shares during the period. Jennison Associates LLC raised its position in shares of Golden Entertainment by 31.4% in the 1st quarter. Jennison Associates LLC now owns 545,014 shares of the company’s stock valued at $20,073,000 after acquiring an additional 130,204 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Golden Entertainment by 83.6% in 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. Finally, William Blair Investment Management LLC raised its position in shares of Golden Entertainment by 21.1% in the 1st quarter. William Blair Investment Management LLC now owns 640,420 shares of the company’s stock valued at $23,587,000 after acquiring an additional 111,701 shares during the period. 70.73% of the stock is currently owned by institutional investors and hedge funds.

Golden Entertainment Stock Performance

Shares of Golden Entertainment stock opened at $31.33 on Friday. Golden Entertainment has a 52 week low of $30.35 and a 52 week high of $47.49. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.33 and a current ratio of 2.36. The stock has a market capitalization of $907.00 million, a price-to-earnings ratio of 3.38 and a beta of 2.26. The firm has a fifty day moving average of $33.82 and a two-hundred day moving average of $36.39.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). Golden Entertainment had a net margin of 30.14% and a return on equity of 1.13%. The company had revenue of $230.69 million during the quarter, compared to the consensus estimate of $228.75 million. As a group, equities research analysts predict that Golden Entertainment will post 0.5 EPS for the current year.

Golden Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 14th will be given a $0.25 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.19%. Golden Entertainment’s dividend payout ratio is 10.79%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Golden Entertainment from $42.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. StockNews.com raised Golden Entertainment from a “hold” rating to a “buy” rating in a research note on Friday, May 10th. Truist Financial cut their price target on Golden Entertainment from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. B. Riley assumed coverage on Golden Entertainment in a report on Friday, April 26th. They issued a “buy” rating and a $46.00 price target on the stock. Finally, JMP Securities cut their target price on shares of Golden Entertainment from $48.00 to $45.00 and set a “market outperform” rating on the stock in a research report on Friday, March 1st. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $42.75.

About Golden Entertainment

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.