Anthony Brian Goodman Sells 5,500 Shares of Meridian (NASDAQ:MRDN) Stock

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 5,500 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $13.73, for a total value of $75,515.00. Following the sale, the chief executive officer owned 429,313 shares in the company, valued at $5,894,467.49. This represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, June 22nd, Anthony Brian Goodman sold 3,650 shares of Meridian stock. The shares were sold at an average price of $13.76, for a total value of $50,224.00.
• On Thursday, June 18th, Anthony Brian Goodman sold 5,000 shares of Meridian stock. The shares were sold at an average price of $13.70, for a total value of $68,500.00.
• 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 value of $71,650.00.
• 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 shares were sold at an average price of $13.02, for a total value of $117,180.00.
• 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 transaction 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 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 shares were sold at an average price of $6.34, for a total transaction of $63,400.00.

Meridian Stock Performance

Shares of NASDAQ MRDN opened at $12.23 on Friday. The company has a 50 day simple moving average of $10.89. The firm has a market cap of $154.95 million, a PE ratio of -1.68 and a beta of 0.67. Meridian Holdings Inc. has a 52-week low of $5.80 and a 52-week high of $22.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.48 and a current ratio of 0.57.

Meridian (NASDAQ:MRDN) last issued its quarterly earnings results 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 for the quarter. Analysts predict that Meridian Holdings Inc. will post 0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on MRDN. Weiss Ratings initiated coverage on Meridian in a research report on Tuesday, April 7th. They issued a “sell (e+)” rating on the stock. Wall Street Zen upgraded Meridian to a “strong-buy” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell” and an average price target of $21.60.

Institutional Investors Weigh In On Meridian

Several large investors have recently modified their holdings of the company. Marex Group plc acquired a new position in Meridian in the second quarter valued at $26,000. Virtu Financial LLC bought a new stake in Meridian during the third quarter valued at $33,000. Marshall Wace LLP acquired a new stake in Meridian during the 2nd quarter worth about $57,000. Topline Capital Management LLC acquired a new stake in Meridian during the 2nd quarter worth about $90,000. Finally, Continuum Advisory LLC raised its position in shares of Meridian by 375.0% in 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 in 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.