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

Meridian Holdings Inc. (NASDAQ:MRDNGet Free Report) CEO Anthony Brian Goodman sold 10,000 shares of Meridian stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $12.75, for a total value of $127,500.00. Following the completion of the sale, the chief executive officer directly owned 491,659 shares in the company, valued at $6,268,652.25. This represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • 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 stock was sold at an average price of $6.92, for a total value of $26,821.92.
  • On Wednesday, April 15th, Anthony Brian Goodman sold 6,900 shares of Meridian stock. The stock was sold at an average price of $6.93, for a total value of $47,817.00.
  • On Tuesday, April 14th, Anthony Brian Goodman sold 100 shares of Meridian stock. The stock was sold at an average price of $6.90, for a total value of $690.00.
  • On Monday, April 13th, Anthony Brian Goodman sold 713 shares of Meridian stock. The stock was sold at an average price of $6.90, for a total value of $4,919.70.
  • On Friday, April 10th, Anthony Brian Goodman sold 903 shares of Meridian stock. The stock was sold at an average price of $6.99, for a total value of $6,311.97.

Meridian Stock Performance

NASDAQ MRDN opened at $10.98 on Friday. The stock’s fifty day moving average is $8.08. The firm has a market capitalization of $139.12 million, a price-to-earnings ratio of -1.51 and a beta of 0.61. 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 fifty-two week low of $5.80 and a fifty-two week high of $23.76.

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

Institutional Investors Weigh In On Meridian

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marex Group plc purchased a new stake in Meridian in the second quarter valued at $26,000. Virtu Financial LLC purchased a new stake in Meridian in the third quarter valued at $33,000. Continuum Advisory LLC raised its position in Meridian by 375.0% in the fourth quarter. Continuum Advisory LLC now owns 57,000 shares of the company’s stock valued at $46,000 after purchasing an additional 45,000 shares during the period. Marshall Wace LLP purchased a new stake in Meridian in the second quarter valued at $57,000. Finally, Deutsche Bank AG raised its position in Meridian by 224.4% in the fourth quarter. Deutsche Bank AG now owns 94,695 shares of the company’s stock valued at $76,000 after purchasing an additional 65,501 shares during the period. Hedge funds and other institutional investors own 2.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on Meridian in a research note on Tuesday, April 7th. They set a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Meridian currently has an average rating of “Sell” and an average target price of $21.60.

View Our Latest Report on Meridian

About Meridian

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Meridian (NASDAQ:MRDN)

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