Barclays PLC Increases Stock Holdings in Golden Entertainment, Inc. (NASDAQ:GDEN)

Barclays PLC lifted its stake in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 84.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,918 shares of the company’s stock after purchasing an additional 22,440 shares during the quarter. Barclays PLC’s holdings in Golden Entertainment were worth $1,556,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. William Blair Investment Management LLC lifted its holdings in Golden Entertainment by 132.1% in the second quarter. William Blair Investment Management LLC now owns 1,486,689 shares of the company’s stock valued at $46,251,000 after acquiring an additional 846,269 shares during the period. Systematic Financial Management LP lifted its stake in shares of Golden Entertainment by 78.2% in the second quarter. Systematic Financial Management LP now owns 283,020 shares of the company’s stock valued at $8,805,000 after purchasing an additional 124,218 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Golden Entertainment by 100.9% during the second quarter. Dimensional Fund Advisors LP now owns 163,629 shares of the company’s stock worth $5,089,000 after buying an additional 82,175 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in Golden Entertainment during the second quarter worth about $1,848,000. Finally, Squarepoint Ops LLC acquired a new position in Golden Entertainment during the second quarter worth about $1,537,000. Institutional investors and hedge funds own 70.73% of the company’s stock.

Analyst Upgrades and Downgrades

GDEN has been the topic of a number of research reports. StockNews.com cut Golden Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. B. Riley decreased their target price on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Truist Financial dropped their price target on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Macquarie decreased their price objective on shares of Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Finally, JMP Securities increased their price objective on shares of Golden Entertainment from $35.00 to $36.00 and gave the company a “market outperform” rating in a research note on Monday, November 25th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Golden Entertainment presently has an average rating of “Moderate Buy” and an average price target of $37.33.

Golden Entertainment Stock Down 1.1 %

Shares of NASDAQ:GDEN opened at $31.39 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $861.00 million, a P/E ratio of 25.31 and a beta of 2.22. Golden Entertainment, Inc. has a 52-week low of $27.42 and a 52-week high of $40.74. The stock’s fifty day simple moving average is $32.14 and its 200-day simple moving average is $31.20.

Golden Entertainment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.19%. Golden Entertainment’s dividend payout ratio (DPR) is 80.65%.

Insiders Place Their Bets

In other news, Director Terrence Wright sold 16,586 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $31.26, for a total value of $518,478.36. Following the completion of the transaction, the director now owns 61,616 shares of the company’s stock, valued at $1,926,116.16. The trade was a 21.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 29.10% of the stock is owned by corporate insiders.

Golden Entertainment Profile

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.