Meridian (NASDAQ:MRDN) CEO Anthony Brian Goodman Sells 10,000 Shares

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 10,000 shares of Meridian stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $6.41, for a total transaction of $64,100.00. Following the completion of the transaction, the chief executive officer directly owned 501,659 shares of the company’s stock, valued at $3,215,634.19. This trade represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Anthony Brian Goodman also recently made the following trade(s):

• On Friday, April 24th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The shares were sold at an average price of $6.34, for a total transaction of $63,400.00.
• On Thursday, April 23rd, Anthony Brian Goodman sold 2,000 shares of Meridian stock. The shares were sold at an average price of $6.30, for a total transaction of $12,600.00.
• On Wednesday, April 22nd, Anthony Brian Goodman sold 4,603 shares of Meridian stock. The shares were sold at an average price of $6.34, for a total transaction of $29,183.02.
• On Friday, April 17th, Anthony Brian Goodman sold 404 shares of Meridian stock. The shares were sold at an average price of $6.90, for a total transaction of $2,787.60.
• On Thursday, April 16th, Anthony Brian Goodman sold 3,876 shares of Meridian stock. The shares were sold at an average price of $6.92, for a total transaction of $26,821.92.
• On Wednesday, April 15th, Anthony Brian Goodman sold 6,900 shares of Meridian stock. The shares were sold at an average price of $6.93, for a total transaction of $47,817.00.
• On Tuesday, April 14th, Anthony Brian Goodman sold 100 shares of Meridian stock. The shares were sold at an average price of $6.90, for a total transaction of $690.00.
• On Monday, April 13th, Anthony Brian Goodman sold 713 shares of Meridian stock. The shares were sold at an average price of $6.90, for a total transaction of $4,919.70.
• On Friday, April 10th, Anthony Brian Goodman sold 903 shares of Meridian stock. The shares were sold at an average price of $6.99, for a total transaction of $6,311.97.
• On Thursday, April 9th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The shares were sold at an average price of $7.00, for a total transaction of $70,000.00.

Meridian Trading Up 21.5%

NASDAQ:MRDN traded up $1.75 during mid-day trading on Thursday, hitting $9.89. The stock had a trading volume of 153,901 shares, compared to its average volume of 25,533. The company has a market cap of $125.02 million, a PE ratio of -1.33 and a beta of 0.28. Meridian Holdings Inc. has a 52 week low of $5.80 and a 52 week high of $23.76. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.14.

Meridian (NASDAQ:MRDN) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.18 earnings per share for the quarter. Meridian had a negative net margin of 49.16% and a negative return on equity of 87.11%. The firm had revenue of $50.10 million for the quarter. Sell-side analysts anticipate that Meridian Holdings Inc. will post -0.05 earnings per share for the current year.

Institutional Trading of Meridian

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sandhill Capital Partners LLC bought a new stake in shares of Meridian during the 3rd quarter worth about $195,000. Topline Capital Management LLC raised its position in shares of Meridian by 1,072.4% during the 3rd quarter. Topline Capital Management LLC now owns 623,909 shares of the company’s stock worth $705,000 after buying an additional 570,694 shares in the last quarter. Deutsche Bank AG raised its position in shares of Meridian by 224.4% during the 4th quarter. Deutsche Bank AG now owns 94,695 shares of the company’s stock worth $76,000 after buying an additional 65,501 shares in the last quarter. Continuum Advisory LLC raised its holdings in shares of Meridian by 375.0% in the 4th quarter. Continuum Advisory LLC now owns 57,000 shares of the company’s stock worth $46,000 after purchasing an additional 45,000 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Meridian by 68.8% in the 3rd quarter. Millennium Management LLC now owns 131,812 shares of the company’s stock worth $149,000 after purchasing an additional 53,703 shares in the last quarter. 2.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on shares of Meridian in a research report on Tuesday, April 7th. They set a “sell (e+)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell” and an average target price of $21.60.

About Meridian

Meridian Holdings Inc is engaged in the online gaming and betting business, providing sports betting, online casino, and gaming operations across multiple jurisdictions in Europe, Africa, and Central and South America. The company has three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The MeridianBet Group segment includes retail and online sports betting, casinos, and related gaming operations. The GMAG segment focuses on the resale of third-party gaming content, mainly serving customers in the Asia-Pacific region.