Seven Six Capital Management LLC Makes New $1.79 Million Investment in Golden Entertainment, Inc. $GDEN

Seven Six Capital Management LLC bought a new stake in Golden Entertainment, Inc. (NASDAQ:GDEN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 76,081 shares of the company’s stock, valued at approximately $1,794,000. Golden Entertainment comprises 1.8% of Seven Six Capital Management LLC’s portfolio, making the stock its 22nd biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its holdings in Golden Entertainment by 57.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 149,574 shares of the company’s stock worth $3,527,000 after purchasing an additional 54,275 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Golden Entertainment by 36.2% during the third quarter. Franklin Resources Inc. now owns 17,120 shares of the company’s stock worth $404,000 after buying an additional 4,548 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Golden Entertainment in the third quarter valued at about $261,000. Gabelli Funds LLC boosted its position in shares of Golden Entertainment by 8.3% in the third quarter. Gabelli Funds LLC now owns 190,200 shares of the company’s stock valued at $4,485,000 after acquiring an additional 14,600 shares during the period. Finally, Gamco Investors INC. ET AL grew its stake in shares of Golden Entertainment by 3.8% in the third quarter. Gamco Investors INC. ET AL now owns 901,138 shares of the company’s stock valued at $21,249,000 after acquiring an additional 32,992 shares in the last quarter. Institutional investors and hedge funds own 70.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GDEN. Weiss Ratings cut shares of Golden Entertainment from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Zacks Research raised shares of Golden Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Finally, Citigroup reiterated a “market perform” rating on shares of Golden Entertainment in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Golden Entertainment has a consensus rating of “Hold” and an average price target of $32.75.

Golden Entertainment Price Performance

Shares of Golden Entertainment stock traded up $0.30 on Friday, reaching $27.94. 3,935 shares of the stock were exchanged, compared to its average volume of 241,578. The firm’s 50 day moving average is $27.98 and its 200-day moving average is $26.37. Golden Entertainment, Inc. has a one year low of $19.57 and a one year high of $32.74. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.07 and a current ratio of 1.17. The firm has a market cap of $731.90 million, a PE ratio of -111.60 and a beta of 1.41.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings data on Friday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.12). The firm had revenue of $155.63 million during the quarter, compared to the consensus estimate of $166.61 million. Golden Entertainment had a negative net margin of 0.95% and a positive return on equity of 0.51%. As a group, analysts anticipate that Golden Entertainment, Inc. will post 0.2 EPS for the current fiscal year.

Golden Entertainment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $1.00 annualized dividend and a yield of 3.6%. Golden Entertainment’s dividend payout ratio (DPR) is -400.00%.

Golden Entertainment Profile

Golden Entertainment, Inc is a diversified gaming and hospitality company that operates in the casino, tavern-casino and slot route markets. The company’s core activities encompass the ownership and management of full-service resort casinos, a portfolio of branded neighborhood tavern-casinos and a large slot distribution network. Headquartered in Summerlin, Nevada, Golden Entertainment serves leisure and local gaming customers across multiple Western U.S. markets.

In its casino and tavern-casino segment, Golden Entertainment owns and operates properties such as Bronco Billy’s Casino & Hotel in Cripple Creek, Colorado, along with a collection of PT’s branded venues throughout Southern Nevada.