Meridian (NASDAQ:MRDN) CEO Anthony Brian Goodman Sells 12,196 Shares of Stock

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 12,196 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $10.37, for a total value of $126,472.52. Following the completion of the transaction, the chief executive officer owned 479,463 shares of the company’s stock, valued at $4,972,031.31. The trade was a 2.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Anthony Brian Goodman also recently made the following trade(s):

• On Monday, May 4th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The stock was sold at an average price of $12.75, for a total value of $127,500.00.
• On Monday, April 27th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The stock was sold at an average price of $6.41, for a total value of $64,100.00.
• On Friday, April 24th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The stock was sold at an average price of $6.34, for a total value of $63,400.00.
• On Thursday, April 23rd, Anthony Brian Goodman sold 2,000 shares of Meridian stock. The stock was sold at an average price of $6.30, for a total value of $12,600.00.
• On Wednesday, April 22nd, Anthony Brian Goodman sold 4,603 shares of Meridian stock. The stock was sold at an average price of $6.34, for a total value of $29,183.02.
• On Friday, April 17th, Anthony Brian Goodman sold 404 shares of Meridian stock. The stock was sold at an average price of $6.90, for a total value of $2,787.60.
• On Thursday, April 16th, Anthony Brian Goodman sold 3,876 shares of Meridian stock. The stock was sold at an average price of $6.92, for a total value of $26,821.92.
• On Wednesday, April 15th, Anthony Brian Goodman sold 6,900 shares of Meridian stock. The stock was sold at an average price of $6.93, for a total value of $47,817.00.
• On Tuesday, April 14th, Anthony Brian Goodman sold 100 shares of Meridian stock. The stock was sold at an average price of $6.90, for a total value of $690.00.
• On Monday, April 13th, Anthony Brian Goodman sold 713 shares of Meridian stock. The shares were sold at an average price of $6.90, for a total value of $4,919.70.

Meridian Stock Performance

Meridian stock opened at $11.07 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.57 and a quick ratio of 0.48. The firm has a market capitalization of $140.26 million, a price-to-earnings ratio of -1.52 and a beta of 0.61. Meridian Holdings Inc. has a fifty-two week low of $5.80 and a fifty-two week high of $23.76. The firm has a fifty day moving average price of $8.69.

Meridian (NASDAQ:MRDN) last posted its earnings results on Tuesday, April 28th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $50.10 million for the quarter. Meridian had a negative return on equity of 99.65% and a negative net margin of 45.94%. As a group, sell-side analysts forecast that Meridian Holdings Inc. will post 0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on MRDN shares. Weiss Ratings started coverage on Meridian in a report on Tuesday, April 7th. They issued a “sell (e+)” rating on the stock. Wall Street Zen raised Meridian to a “strong-buy” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell” and a consensus price target of $21.60.

Institutional Trading of Meridian

A number of large investors have recently made changes to their positions in MRDN. Marshall Wace LLP acquired a new stake in shares of Meridian during the second quarter valued at $57,000. Topline Capital Management LLC acquired a new stake in shares of Meridian during the second quarter valued at $90,000. Marex Group plc acquired a new stake in shares of Meridian during the second quarter valued at $26,000. Sandhill Capital Partners LLC acquired a new stake in shares of Meridian during the third quarter valued at $195,000. Finally, Squarepoint Ops LLC boosted its stake in shares of Meridian by 115.2% during the third quarter. Squarepoint Ops LLC now owns 148,302 shares of the company’s stock valued at $168,000 after acquiring an additional 79,382 shares during the last quarter. Institutional investors and hedge funds own 2.74% of the company’s stock.

About Meridian

Meridian Holdings Inc is engaged in the online gaming and betting business, providing sports betting, online casino, and gaming operations across multiple jurisdictions in Europe, Africa, and Central and South America. The company has three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The MeridianBet Group segment includes retail and online sports betting, casinos, and related gaming operations. The GMAG segment focuses on the resale of third-party gaming content, mainly serving customers in the Asia-Pacific region.