Meridian (NASDAQ:MRDN) CEO Sells $12,600.00 in Stock

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 2,000 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $6.30, for a total value of $12,600.00. Following the transaction, the chief executive officer directly owned 521,659 shares of the company’s stock, valued at $3,286,451.70. This represents a 0.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, April 27th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The shares were 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 shares were sold at an average price of $6.34, for a total value of $63,400.00.
• 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $70,000.00.

Meridian Stock Up 11.2%

NASDAQ:MRDN opened at $11.00 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.57 and a quick ratio of 0.50. Meridian Holdings Inc. has a 1-year low of $5.80 and a 1-year high of $23.76. The firm has a market cap of $139.36 million, a price-to-earnings ratio of -1.48 and a beta of 0.61. The company has a fifty day moving average of $7.81.

Meridian (NASDAQ:MRDN) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.18 earnings per share for the quarter. Meridian had a negative return on equity of 99.76% and a negative net margin of 45.94%.The business had revenue of $50.10 million during the quarter. Equities analysts predict that Meridian Holdings Inc. will post 0.33 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on Meridian in a research note on Tuesday, April 7th. They issued a “sell (e+)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Meridian currently has a consensus rating of “Sell” and a consensus target price of $21.60.

More Meridian News

Here are the key news stories impacting Meridian this week:

• Positive Sentiment: Q1 earnings beat and analyst updates — Meridian reported results that topped expectations, prompting analysts to refresh forecasts and investors to re-price the stock higher. Results: Meridian Holdings Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
• Positive Sentiment: Strong forward revenue guidance — management guided 2Q26 revenue growth in the ~18%–23% year-over-year range, reinforcing a narrative of accelerating top‑line growth. That guidance is a key driver of the rally. MRDN: 2Q26 Revenue Guidance Represents 18%-23% Y/Y Anticipated Growth
• Positive Sentiment: Q1 showed improving profitability and balance‑sheet stability — company disclosures and press coverage highlight progress on margins and liquidity relative to prior periods, supporting sentiment that operations are stabilizing. Meridian Holdings (NASDAQ:MRDN) Q1 Results Reflect Growing Profitability and Balance Sheet Stability
• Neutral Sentiment: Cross‑stock comparisons and coverage pieces — several head‑to‑head and comparative write‑ups (e.g., vs. CCC Intelligent Solutions) provide sector context but have not driven material new info specific to Meridian’s near‑term outlook. Head to Head Contrast: Meridian (NASDAQ:MRDN) vs. CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC)
• Neutral Sentiment: Small institutional activity — recent filings show modest hedge fund buying and low overall institutional ownership; this background limits how much big‑fund flows will amplify the move. Meridian stock page
• Negative Sentiment: Significant insider selling — CEO Anthony Brian Goodman has sold multiple blocks of shares in April (several Form 4 filings), which can weigh on sentiment and suggests some insider liquidity-taking. Insider Selling: Meridian (NASDAQ:MRDN) CEO Sells 2,000 Shares of Stock
• Negative Sentiment: Mixed analyst/street view and weak trailing profitability metrics — at least one recent coverage start was a “sell” and the company still shows negative net margin and ROE on trailing numbers, which are longer‑term concerns if growth slows. MarketBeat Meridian coverage

Institutional Investors Weigh In On Meridian

Several hedge funds have recently bought and sold shares of MRDN. Marshall Wace LLP purchased a new stake in Meridian in the 2nd quarter worth about $57,000. Topline Capital Management LLC purchased a new stake in Meridian in the 2nd quarter worth about $90,000. Marex Group plc purchased a new stake in Meridian in the 2nd quarter worth about $26,000. Sandhill Capital Partners LLC purchased a new stake in Meridian in the 3rd quarter worth about $195,000. Finally, Squarepoint Ops LLC lifted its stake in Meridian by 115.2% in the 3rd quarter. Squarepoint Ops LLC now owns 148,302 shares of the company’s stock worth $168,000 after acquiring an additional 79,382 shares in the last quarter. 2.74% of the stock is owned by hedge funds and other institutional investors.

Meridian Company Profile

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.