Anthony Brian Goodman Sells 7,000 Shares of Meridian (NASDAQ:MRDN) Stock

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 7,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $13.04, for a total value of $91,280.00. Following the transaction, the chief executive officer owned 472,463 shares of the company’s stock, valued at $6,160,917.52. The trade was a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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 stock was sold at an average price of $12.68, for a total value of $126,800.00.
• On Thursday, June 11th, Anthony Brian Goodman sold 9,000 shares of Meridian stock. The stock was sold at an average price of $13.02, for a total value of $117,180.00.
• On Friday, May 22nd, Anthony Brian Goodman sold 12,196 shares of Meridian stock. The stock was 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 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 shares were sold at an average price of $6.92, for a total value of $26,821.92.

Meridian Stock Up 11.8%

Shares of MRDN traded up $1.51 on Friday, hitting $14.32. The company’s stock had a trading volume of 75,404 shares, compared to its average volume of 37,025. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average of $9.55. Meridian Holdings Inc. has a fifty-two week low of $5.80 and a fifty-two week high of $22.78. The stock has a market capitalization of $181.42 million, a price-to-earnings ratio of -1.97 and a beta of 0.67.

Meridian (NASDAQ:MRDN) last issued 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 business had revenue of $50.10 million during the quarter. As a group, equities analysts predict that Meridian Holdings Inc. will post 0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Meridian

A number of large investors have recently bought and sold shares of the company. Whetstone Capital Advisors LLC acquired a new position in Meridian during the 4th quarter worth approximately $331,000. State Street Corp boosted its position in Meridian by 25.6% during the 4th quarter. State Street Corp now owns 99,899 shares of the company’s stock worth $80,000 after acquiring an additional 20,343 shares during the last quarter. Deutsche Bank AG boosted its position in 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 acquiring an additional 65,501 shares during the last quarter. Continuum Advisory LLC boosted its position in 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 acquiring an additional 45,000 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its position in Meridian by 33.7% during the 3rd quarter. Susquehanna International Group LLP now owns 114,409 shares of the company’s stock worth $129,000 after acquiring an additional 28,819 shares during the last quarter. Institutional investors and hedge funds own 2.74% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.