Meridian (NASDAQ:MRDN) CEO Anthony Brian Goodman Sells 9,000 Shares

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 9,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $13.02, for a total value of $117,180.00. Following the sale, the chief executive officer owned 463,463 shares in the company, valued at $6,034,288.26. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, June 12th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The shares were sold at an average price of $12.68, for a total value of $126,800.00.
• On Wednesday, June 10th, Anthony Brian Goodman sold 7,000 shares of Meridian stock. The shares were sold at an average price of $13.04, for a total value of $91,280.00.
• On Friday, May 22nd, Anthony Brian Goodman sold 12,196 shares of Meridian stock. The shares were sold at an average price of $10.37, for a total value of $126,472.52.
• On Monday, May 4th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $6.92, for a total value of $26,821.92.

Meridian Stock Up 11.8%

NASDAQ:MRDN opened at $14.32 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. Meridian Holdings Inc. has a 52 week low of $5.80 and a 52 week high of $22.78. The firm has a market cap of $181.43 million, a PE ratio of -1.97 and a beta of 0.67. The company’s 50-day simple moving average is $9.70.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MRDN shares. Wall Street Zen upgraded Meridian to a “strong-buy” rating in a report on Saturday, May 9th. Weiss Ratings started coverage on Meridian in a report on Tuesday, April 7th. They issued a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Meridian presently has an average rating of “Sell” and an average target price of $21.60.

Institutional Investors Weigh In On Meridian

Several institutional investors have recently bought and sold shares of MRDN. Marex Group plc acquired a new stake in Meridian in the 2nd quarter worth about $26,000. Virtu Financial LLC acquired a new position in shares of Meridian during the 3rd quarter worth approximately $33,000. Continuum Advisory LLC boosted its holdings in shares of Meridian by 375.0% during the 4th quarter. Continuum Advisory LLC now owns 57,000 shares of the company’s stock worth $46,000 after purchasing an additional 45,000 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Meridian during the 2nd quarter worth approximately $57,000. Finally, Deutsche Bank AG boosted its holdings in shares of Meridian by 224.4% during the 4th quarter. Deutsche Bank AG now owns 94,695 shares of the company’s stock worth $76,000 after purchasing an additional 65,501 shares during the last quarter. 2.74% of the stock is currently owned by institutional investors and hedge funds.

Meridian Company Profile

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.