Peregrine Capital Management LLC Raises Stock Position in Golden Entertainment, Inc. (NASDAQ:GDEN)
Peregrine Capital Management LLC increased its stake in Golden Entertainment, Inc. (NASDAQ:GDEN) by 43% in Q2, holding 248,875 shares valued at $743,000. Other institutional investors have also adjusted their holdings. Golden Entertainment's stock rose 0.4%, trading at $34.39, with a market cap of $1.66 million and a PE ratio of 3.49. The company announced a quarterly dividend of $0.25 per share and has received mixed analyst ratings, with an average target price of $40.00 and a "Moderate Buy" rating.
Peregrine Capital Management LLC lifted its stake in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 43.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 248,875 shares of the company's stock after acquiring an additional 74,867 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.86% of Golden Entertainment worth $7,743,000 at the end of the most recent reporting period.
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A number of other institutional investors have also modified their holdings of the stock. Innealta Capital LLC purchased a new position in shares of Golden Entertainment during the second quarter worth approximately $34,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Golden Entertainment by 17.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,904 shares of the company's stock valued at $184,000 after buying an additional 892 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Golden Entertainment during the second quarter valued at approximately $54,000. Bank of New York Mellon Corp increased its holdings in Golden Entertainment by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 194,693 shares of the company's stock valued at $6,057,000 after buying an additional 4,761 shares during the period. Finally, SummerHaven Investment Management LLC increased its holdings in Golden Entertainment by 3.0% during the second quarter. SummerHaven Investment Management LLC now owns 18,120 shares of the company's stock valued at $564,000 after buying an additional 524 shares during the period. 70.73% of the stock is owned by hedge funds and other institutional investors.
Golden Entertainment Stock Up 0.4 %
GDEN traded up $0.14 during trading on Friday, hitting $32.39. The stock had a trading volume of 158,321 shares, compared to its average volume of 214,487. The company has a market capitalization of $937.66 million, a PE ratio of 3.49 and a beta of 2.23. Golden Entertainment, Inc. has a twelve month low of $27.42 and a twelve month high of $42.14. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.33 and a current ratio of 2.36. The stock has a 50 day simple moving average of $30.34 and a two-hundred day simple moving average of $32.16.
Golden Entertainment (NASDAQ:GDEN - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.06). Golden Entertainment had a net margin of 30.14% and a return on equity of 1.13%. The firm had revenue of $167.33 million during the quarter, compared to analyst estimates of $176.34 million. On average, research analysts predict that Golden Entertainment, Inc. will post 0.5 earnings per share for the current year.
Golden Entertainment Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.09%. Golden Entertainment's payout ratio is currently 10.79%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. Truist Financial cut their price objective on shares of Golden Entertainment from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Macquarie cut their price objective on shares of Golden Entertainment from $44.00 to $41.00 and set an "outperform" rating on the stock in a report on Friday, August 9th. StockNews.com lowered shares of Golden Entertainment from a "buy" rating to a "hold" rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Golden Entertainment from $42.00 to $36.00 and set a "buy" rating on the stock in a report on Thursday, May 9th. Finally, JMP Securities cut their price objective on shares of Golden Entertainment from $39.00 to $36.00 and set a "market outperform" rating on the stock in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $39.40.
View Our Latest Stock Report on Golden Entertainment
About Golden Entertainment
(Free Report)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.
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