Golden Entertainment, Inc. $GDEN Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lifted its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 901,138 shares of the company’s stock after buying an additional 32,992 shares during the period. Gamco Investors INC. ET AL’s holdings in Golden Entertainment were worth $21,249,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GDEN. Raymond James Financial Inc. purchased a new stake in shares of Golden Entertainment in the second quarter valued at approximately $27,000. Tower Research Capital LLC TRC raised its position in Golden Entertainment by 168.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,680 shares of the company’s stock worth $79,000 after acquiring an additional 1,680 shares in the last quarter. Creative Planning purchased a new position in Golden Entertainment in the second quarter worth $201,000. The Manufacturers Life Insurance Company acquired a new stake in Golden Entertainment in the second quarter valued at $210,000. Finally, iSAM Funds UK Ltd acquired a new stake in Golden Entertainment in the second quarter valued at $215,000. 70.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GDEN shares. Zacks Research raised shares of Golden Entertainment from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings cut shares of Golden Entertainment from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $32.75.

Golden Entertainment Trading Down 0.4%

NASDAQ:GDEN opened at $28.57 on Friday. The company has a market capitalization of $748.53 million, a PE ratio of -114.28 and a beta of 1.41. The company has a quick ratio of 1.02, a current ratio of 1.17 and a debt-to-equity ratio of 1.01. Golden Entertainment, Inc. has a 52-week low of $19.57 and a 52-week high of $32.74. The stock has a fifty day simple moving average of $27.92 and a 200-day simple moving average of $26.29.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings data on Friday, February 27th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.12). The business had revenue of $155.63 million during the quarter, compared to analysts’ expectations of $166.61 million. Golden Entertainment had a positive return on equity of 0.51% and a negative net margin of 0.95%. On average, equities research analysts expect that Golden Entertainment, Inc. will post 0.2 earnings per share for the current fiscal year.

Golden Entertainment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 18th. This represents a $1.00 dividend on an annualized basis and a yield of 3.5%. Golden Entertainment’s payout ratio is presently -400.00%.

Golden Entertainment Company Profile

Golden Entertainment, Inc is a diversified gaming and hospitality company that operates in the casino, tavern-casino and slot route markets. The company’s core activities encompass the ownership and management of full-service resort casinos, a portfolio of branded neighborhood tavern-casinos and a large slot distribution network. Headquartered in Summerlin, Nevada, Golden Entertainment serves leisure and local gaming customers across multiple Western U.S. markets.

In its casino and tavern-casino segment, Golden Entertainment owns and operates properties such as Bronco Billy’s Casino & Hotel in Cripple Creek, Colorado, along with a collection of PT’s branded venues throughout Southern Nevada.