Meridian (NASDAQ:MRDN) CEO Anthony Brian Goodman Sells 5,000 Shares

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $13.70, for a total value of $68,500.00. Following the completion of the sale, the chief executive officer directly owned 438,463 shares in the company, valued at approximately $6,006,943.10. The trade was a 1.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Tuesday, June 23rd, Anthony Brian Goodman sold 5,500 shares of Meridian stock. The shares were sold at an average price of $13.73, for a total transaction of $75,515.00.
• On Monday, June 22nd, Anthony Brian Goodman sold 3,650 shares of Meridian stock. The stock was sold at an average price of $13.76, for a total transaction of $50,224.00.
• On Monday, June 15th, Anthony Brian Goodman sold 5,000 shares of Meridian stock. The stock was sold at an average price of $14.33, for a total transaction of $71,650.00.
• 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 transaction of $126,800.00.
• On Thursday, June 11th, Anthony Brian Goodman sold 9,000 shares of Meridian stock. The shares were 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 shares were 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 shares were sold at an average price of $6.34, for a total transaction of $63,400.00.

Meridian Stock Up 0.1%

Shares of NASDAQ MRDN opened at $13.22 on Thursday. The stock has a market cap of $167.50 million, a PE ratio of -1.82 and a beta of 0.67. 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 company’s fifty day moving average is $10.78. Meridian Holdings Inc. has a 52-week low of $5.80 and a 52-week high of $22.78.

Meridian (NASDAQ:MRDN) last issued its earnings results on Tuesday, April 28th. The company reported $0.18 earnings per share 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 for the quarter. Equities research analysts expect that Meridian Holdings Inc. will post 0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Meridian

Several large investors have recently added to or reduced their stakes in the stock. Topline Capital Management LLC lifted its stake in shares of Meridian by 1,072.4% during the third quarter. Topline Capital Management LLC now owns 623,909 shares of the company’s stock worth $705,000 after purchasing an additional 570,694 shares in the last quarter. Whetstone Capital Advisors LLC acquired a new stake in shares of Meridian in the fourth quarter valued at about $331,000. Citadel Advisors LLC raised its holdings in shares of Meridian by 1,603.2% during the 3rd quarter. Citadel Advisors LLC now owns 206,082 shares of the company’s stock valued at $233,000 after buying an additional 193,982 shares during the period. Sandhill Capital Partners LLC purchased a new stake in shares of Meridian during the 3rd quarter valued at about $195,000. Finally, Squarepoint Ops LLC lifted its position in Meridian by 115.2% during the 3rd quarter. Squarepoint Ops LLC now owns 148,302 shares of the company’s stock worth $168,000 after acquiring an additional 79,382 shares in the last quarter. 2.74% of the stock is currently owned by institutional investors and hedge funds.

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.