Anthony Brian Goodman Sells 10,000 Shares of Meridian (NASDAQ:MRDN) Stock

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 10,000 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $12.68, for a total transaction of $126,800.00. Following the transaction, the chief executive officer owned 453,463 shares of the company’s stock, valued at $5,749,910.84. This represents a 2.16% decrease in their position. The sale 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 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 transaction of $117,180.00.
• On Wednesday, June 10th, Anthony Brian Goodman sold 7,000 shares of Meridian stock. The stock was sold at an average price of $13.04, for a total transaction of $91,280.00.
• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $26,821.92.

Meridian Trading Up 11.8%

MRDN stock opened at $14.32 on Friday. The company has a 50 day moving average price of $9.70. 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 12 month low of $5.80 and a 12 month high of $22.78. The company has a market capitalization of $181.43 million, a price-to-earnings ratio of -1.97 and a beta of 0.67.

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

Institutional Investors Weigh In On Meridian

Several hedge funds have recently bought and sold shares of MRDN. Topline Capital Management LLC lifted its position in Meridian by 1,072.4% during the third quarter. Topline Capital Management LLC now owns 623,909 shares of the company’s stock valued at $705,000 after purchasing an additional 570,694 shares during the last quarter. Whetstone Capital Advisors LLC bought a new stake in Meridian during the fourth quarter valued at approximately $331,000. Citadel Advisors LLC lifted its position in Meridian by 1,603.2% during the third quarter. Citadel Advisors LLC now owns 206,082 shares of the company’s stock valued at $233,000 after purchasing an additional 193,982 shares during the last quarter. Sandhill Capital Partners LLC bought a new stake in Meridian during the third quarter valued at approximately $195,000. Finally, Squarepoint Ops LLC lifted its position in 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 purchasing an additional 79,382 shares during the last quarter. 2.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.