BNP Paribas Arbitrage SA lessened its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN) by 7.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 158,996 shares of the company’s stock after selling 13,273 shares during the period. BNP Paribas Arbitrage SA’s holdings in Golden Entertainment were worth $7,123,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in GDEN. UBS Group AG boosted its stake in Golden Entertainment by 9.3% during the first quarter. UBS Group AG now owns 5,578 shares of the company’s stock worth $141,000 after buying an additional 474 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in Golden Entertainment during the second quarter worth $88,000. New York State Common Retirement Fund boosted its stake in Golden Entertainment by 0.4% during the first quarter. New York State Common Retirement Fund now owns 531,131 shares of the company’s stock worth $13,416,000 after buying an additional 2,302 shares during the period. Teacher Retirement System of Texas boosted its stake in Golden Entertainment by 2.4% during the second quarter. Teacher Retirement System of Texas now owns 97,861 shares of the company’s stock worth $4,384,000 after buying an additional 2,313 shares during the period. Finally, Quantbot Technologies LP boosted its stake in Golden Entertainment by 10,379.4% during the first quarter. Quantbot Technologies LP now owns 3,563 shares of the company’s stock worth $90,000 after buying an additional 3,529 shares during the period. Institutional investors own 55.59% of the company’s stock.
In other Golden Entertainment news, SVP Blake L. Sartini II sold 11,632 shares of the business’s stock in a transaction dated Friday, August 27th. The shares were sold at an average price of $51.38, for a total value of $597,652.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Stephen Arcana sold 18,754 shares of the business’s stock in a transaction dated Wednesday, August 25th. The stock was sold at an average price of $52.91, for a total transaction of $992,274.14. Following the completion of the transaction, the chief operating officer now owns 260,944 shares of the company’s stock, valued at $13,806,547.04. The disclosure for this sale can be found here. Insiders sold 54,580 shares of company stock valued at $2,863,363 over the last quarter. 41.10% of the stock is currently owned by corporate insiders.
Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings data on Thursday, August 5th. The company reported $2.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $2.28. Golden Entertainment had a net margin of 9.35% and a return on equity of 39.37%. The company had revenue of $292.47 million during the quarter, compared to analyst estimates of $247.67 million. Sell-side analysts anticipate that Golden Entertainment, Inc. will post 3.2 EPS for the current fiscal year.
GDEN has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Golden Entertainment from $42.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, August 6th. Zacks Investment Research raised shares of Golden Entertainment from a “hold” rating to a “strong-buy” rating and set a $50.00 target price for the company in a research note on Friday, July 9th. Finally, TheStreet raised shares of Golden Entertainment from a “c” rating to a “b-” rating in a research note on Monday, August 23rd. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Golden Entertainment presently has a consensus rating of “Buy” and a consensus price target of $46.00.
Golden Entertainment Profile
Golden Entertainment, Inc engages in the development, finance, management, and ownership of casino properties. It operates through the Distributed Gaming and Casinos segments. The Distributed Gaming segment involves in the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery stores, convenience stores, liquor stores, restaurants, bars, and taverns; and the operation of wholly-owned branded taverns targeting local patrons.
Further Reading: Capital Gains
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