Dimensional Fund Advisors LP Increases Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

Dimensional Fund Advisors LP increased its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 100.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 163,629 shares of the company’s stock after acquiring an additional 82,175 shares during the period. Dimensional Fund Advisors LP’s holdings in Golden Entertainment were worth $5,089,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new stake in shares of Golden Entertainment during the second quarter worth approximately $34,000. nVerses Capital LLC purchased a new position in Golden Entertainment in the 2nd quarter worth approximately $37,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Golden Entertainment during the 2nd quarter worth approximately $54,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Golden Entertainment in the second quarter valued at approximately $89,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Golden Entertainment in the first quarter valued at approximately $214,000. Institutional investors and hedge funds own 70.73% of the company’s stock.

Golden Entertainment Stock Down 1.2 %

Shares of NASDAQ GDEN opened at $29.85 on Thursday. The firm’s 50-day moving average is $30.97 and its two-hundred day moving average is $31.42. The company has a market capitalization of $864.13 million, a PE ratio of 3.22 and a beta of 2.23. Golden Entertainment, Inc. has a 12-month low of $27.42 and a 12-month high of $42.14. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.77 and a quick ratio of 0.73.

Golden Entertainment (NASDAQ:GDEN) last released its earnings results on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The firm had revenue of $167.33 million during the quarter, compared to analysts’ expectations of $176.34 million. Golden Entertainment had a net margin of 33.07% and a negative return on equity of 0.33%. Equities analysts anticipate that Golden Entertainment, Inc. will post 0.23 EPS for the current fiscal year.

Golden Entertainment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Tuesday, September 17th. Golden Entertainment’s dividend payout ratio is currently 10.79%.

Insider Buying and Selling

In related news, Director Mark A. Lipparelli sold 773 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $33.32, for a total value of $25,756.36. Following the completion of the sale, the director now directly owns 82,740 shares in the company, valued at approximately $2,756,896.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 29.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on GDEN shares. Truist Financial decreased their target price on shares of Golden Entertainment from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. StockNews.com cut Golden Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. B. Riley reduced their price target on shares of Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. JMP Securities dropped their price objective on shares of Golden Entertainment from $39.00 to $36.00 and set a “market outperform” rating for the company in a report on Friday, August 9th. Finally, Macquarie reduced their target price on shares of Golden Entertainment from $41.00 to $39.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Golden Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $37.80.

About Golden Entertainment

Golden Entertainment, Inc owns and operates a diversified entertainment platform in the United States. The company operates through four segments; Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. It also operates casino, casino resorts, and taverns; and slot machines in third party non-casino locations.