Anthony Brian Goodman Sells 5,500 Shares of Meridian (NASDAQ:MRDN) Stock

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 5,500 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $13.73, for a total transaction of $75,515.00. Following the completion of the transaction, the chief executive officer directly owned 429,313 shares of the company’s stock, valued at approximately $5,894,467.49. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, June 22nd, Anthony Brian Goodman sold 3,650 shares of Meridian stock. The shares were sold at an average price of $13.76, for a total value of $50,224.00.
• On Thursday, June 18th, Anthony Brian Goodman sold 5,000 shares of Meridian stock. The stock was sold at an average price of $13.70, for a total value of $68,500.00.
• On Monday, June 15th, Anthony Brian Goodman sold 5,000 shares of Meridian stock. The stock was sold at an average price of $14.33, for a total value of $71,650.00.
• On Friday, June 12th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The shares were sold at an average price of $12.68, for a total value of $126,800.00.
• On Thursday, June 11th, Anthony Brian Goodman sold 9,000 shares of Meridian stock. The shares were 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 stock was 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 transaction of $127,500.00.
• 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 transaction 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 transaction of $63,400.00.

Meridian Stock Up 0.1%

MRDN traded up $0.01 during trading hours on Wednesday, hitting $13.22. 56,920 shares of the company’s stock were exchanged, compared to its average volume of 38,773. The company has a market capitalization of $167.48 million, a PE ratio of -1.82 and a beta of 0.67. Meridian Holdings Inc. has a 1-year low of $5.80 and a 1-year high of $22.78. The firm has a 50-day moving average price of $10.65. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.48 and a current ratio of 0.57.

Meridian (NASDAQ:MRDN) last issued its quarterly earnings results 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 for the quarter. On average, equities research analysts anticipate that Meridian Holdings Inc. will post 0.33 EPS for the current year.

Analyst Ratings Changes

MRDN has been the subject of several recent research reports. Weiss Ratings assumed coverage on Meridian in a research report on Tuesday, April 7th. They set a “sell (e+)” rating for the company. Wall Street Zen raised Meridian to a “strong-buy” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell” and an average price target of $21.60.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Marex Group plc acquired a new position in shares of Meridian during the 2nd quarter worth about $26,000. Virtu Financial LLC acquired a new stake in Meridian in the 3rd quarter valued at about $33,000. Continuum Advisory LLC grew its holdings in Meridian by 375.0% during the fourth quarter. Continuum Advisory LLC now owns 57,000 shares of the company’s stock worth $46,000 after purchasing an additional 45,000 shares during the period. Marshall Wace LLP bought a new position in Meridian during the second quarter worth about $57,000. Finally, Deutsche Bank AG increased its position in Meridian by 224.4% during the fourth quarter. Deutsche Bank AG now owns 94,695 shares of the company’s stock worth $76,000 after buying an additional 65,501 shares during the last quarter. Institutional investors own 2.74% of the company’s stock.

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.