Meridian (NASDAQ:MRDN) CEO Sells $117,180.00 in Stock

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 9,000 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $13.02, for a total value of $117,180.00. Following the completion of the transaction, the chief executive officer owned 463,463 shares of the company’s stock, valued at $6,034,288.26. The trade was a 1.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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 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 value 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 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 Down 0.1%

Shares of MRDN stock opened at $14.32 on Monday. 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 PE ratio of -1.97 and a beta of 0.67. The firm has a fifty day moving average price of $9.70. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.10.

Meridian (NASDAQ:MRDN) last announced its quarterly 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 during the quarter. On average, sell-side analysts anticipate that Meridian Holdings Inc. will post 0.33 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Trading of Meridian

Large investors have recently made changes to their positions in the stock. Marex Group plc acquired a new stake in shares of Meridian during the second quarter valued at $26,000. Virtu Financial LLC acquired a new stake in shares of Meridian during the third quarter valued at $33,000. Marshall Wace LLP acquired a new stake in shares of Meridian during the second quarter valued at $57,000. Topline Capital Management LLC acquired a new stake in shares of Meridian during the second quarter valued at $90,000. Finally, Continuum Advisory LLC boosted its stake in shares of Meridian by 375.0% during the fourth quarter. Continuum Advisory LLC now owns 57,000 shares of the company’s stock valued at $46,000 after acquiring an additional 45,000 shares during the last quarter. Institutional investors and hedge funds own 2.74% of the company’s stock.

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.