Anthony Brian Goodman Sells 3,650 Shares of Meridian (NASDAQ:MRDN) Stock

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 3,650 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $13.76, for a total transaction of $50,224.00. Following the completion of the sale, the chief executive officer owned 434,813 shares of the company’s stock, valued at $5,983,026.88. This trade represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, June 23rd, Anthony Brian Goodman sold 5,500 shares of Meridian stock. The stock was sold at an average price of $13.73, for a total transaction of $75,515.00.
• On Thursday, June 18th, Anthony Brian Goodman sold 5,000 shares of Meridian stock. The shares were sold at an average price of $13.70, for a total transaction of $68,500.00.
• On Monday, June 15th, Anthony Brian Goodman sold 5,000 shares of Meridian stock. The shares were sold at an average price of $14.33, for a total transaction of $71,650.00.
• On Friday, June 12th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The stock was sold at an average price of $12.68, for a total transaction of $126,800.00.
• On Thursday, June 11th, Anthony Brian Goodman sold 9,000 shares of Meridian stock. The stock was sold at an average price of $13.02, for a total value of $117,180.00.
• On Wednesday, June 10th, Anthony Brian Goodman sold 7,000 shares of Meridian stock. The shares were sold at an average price of $13.04, for a total value of $91,280.00.
• On Friday, May 22nd, Anthony Brian Goodman sold 12,196 shares of Meridian stock. The shares were sold at an average price of $10.37, for a total value of $126,472.52.
• On Monday, May 4th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The stock was sold at an average price of $12.75, for a total value of $127,500.00.
• On Monday, April 27th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The stock was sold at an average price of $6.41, for a total value of $64,100.00.
• On Friday, April 24th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The stock was sold at an average price of $6.34, for a total value of $63,400.00.

Meridian Stock Performance

Shares of NASDAQ MRDN traded up $0.01 during trading on Wednesday, hitting $13.22. 56,920 shares of the company were exchanged, compared to its average volume of 38,773. Meridian Holdings Inc. has a 12-month low of $5.80 and a 12-month high of $22.78. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.57 and a quick ratio of 0.48. The company’s fifty day moving average is $10.65. The stock has a market cap of $167.48 million, a price-to-earnings ratio of -1.82 and a beta of 0.67.

Meridian (NASDAQ:MRDN) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.18 earnings per share (EPS) for the quarter. Meridian had a negative net margin of 45.94% and a negative return on equity of 99.65%. The firm had revenue of $50.10 million during the quarter. Research analysts anticipate that Meridian Holdings Inc. will post 0.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Topline Capital Management LLC increased its position in shares of Meridian by 1,072.4% during the third quarter. Topline Capital Management LLC now owns 623,909 shares of the company’s stock valued at $705,000 after acquiring an additional 570,694 shares during the last quarter. Whetstone Capital Advisors LLC purchased a new position in shares of Meridian during the 4th quarter worth approximately $331,000. Citadel Advisors LLC increased its holdings in Meridian by 1,603.2% in the 3rd quarter. Citadel Advisors LLC now owns 206,082 shares of the company’s stock valued at $233,000 after purchasing an additional 193,982 shares during the last quarter. Sandhill Capital Partners LLC acquired a new stake in Meridian in the 3rd quarter valued at approximately $195,000. Finally, Squarepoint Ops LLC raised its position in Meridian by 115.2% in the third quarter. Squarepoint Ops LLC now owns 148,302 shares of the company’s stock valued at $168,000 after purchasing an additional 79,382 shares during the period. Hedge funds and other institutional investors own 2.74% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings initiated coverage on shares of Meridian in a research report on Tuesday, April 7th. They set a “sell (e+)” rating on the stock. Wall Street Zen raised Meridian to a “strong-buy” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell” and a consensus 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.