Golden Entertainment, Inc. (NASDAQ:GDEN) Short Interest Update

Golden Entertainment, Inc. (NASDAQ:GDEN) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 883,500 shares, a growth of 20.9% from the November 15th total of 730,700 shares. Based on an average daily trading volume, of 226,300 shares, the short-interest ratio is currently 3.9 days. Currently, 4.4% of the company’s stock are short sold.

Golden Entertainment Trading Up 0.6 %

Shares of GDEN stock traded up $0.21 during trading hours on Friday, hitting $33.19. 152,060 shares of the company were exchanged, compared to its average volume of 217,927. The firm has a market cap of $910.26 million, a PE ratio of 26.76 and a beta of 2.22. 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 firm has a fifty day moving average of $31.86 and a 200 day moving average of $31.06. Golden Entertainment has a 1 year low of $27.42 and a 1 year high of $42.14.

Golden Entertainment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders 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 dividend yield of 3.01%. Golden Entertainment’s dividend payout ratio (DPR) is 80.65%.

Insider Activity at Golden Entertainment

In related news, Director Mark A. Lipparelli sold 773 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were 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 owns 82,740 shares in the company, valued at $2,756,896.80. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 29.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC lifted its position in Golden Entertainment by 84.7% during the 3rd quarter. Barclays PLC now owns 48,918 shares of the company’s stock worth $1,556,000 after acquiring an additional 22,440 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Golden Entertainment by 4.3% in the third quarter. Geode Capital Management LLC now owns 587,006 shares of the company’s stock valued at $18,664,000 after purchasing an additional 24,264 shares during the period. MML Investors Services LLC grew its holdings in Golden Entertainment by 29.1% during the 3rd quarter. MML Investors Services LLC now owns 63,449 shares of the company’s stock valued at $2,017,000 after purchasing an additional 14,293 shares in the last quarter. Jane Street Group LLC increased its stake in Golden Entertainment by 5.2% during the 3rd quarter. Jane Street Group LLC now owns 35,033 shares of the company’s stock worth $1,114,000 after buying an additional 1,740 shares during the period. Finally, Systematic Financial Management LP boosted its position in Golden Entertainment by 24.5% in the 3rd quarter. Systematic Financial Management LP now owns 352,227 shares of the company’s stock valued at $11,197,000 after buying an additional 69,207 shares during the last quarter. 70.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GDEN. Macquarie dropped their target price on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. B. Riley decreased their price target on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Truist Financial lowered their target price on shares of Golden Entertainment from $38.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. JMP Securities lifted their price objective on Golden Entertainment from $35.00 to $36.00 and gave the stock a “market outperform” rating in a report on Monday, November 25th. Finally, StockNews.com upgraded shares of Golden Entertainment from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $37.20.

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.