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

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

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 stock was sold at an average price of $13.73, for a total value 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 value of $50,224.00.
• On Monday, June 15th, Anthony Brian Goodman sold 5,000 shares of Meridian stock. The shares were 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 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 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.

Meridian Price Performance

Shares of Meridian stock opened at $12.23 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average of $10.89. Meridian Holdings Inc. has a fifty-two week low of $5.80 and a fifty-two week high of $22.78. The firm has a market capitalization of $154.95 million, a price-to-earnings ratio of -1.68 and a beta of 0.67.

Meridian (NASDAQ:MRDN) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.18 earnings per share (EPS) for the quarter. The firm 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%. On average, sell-side analysts expect that Meridian Holdings Inc. will post 0.33 EPS for the current year.

Institutional Investors Weigh In On Meridian

Several large investors have recently bought and sold shares of MRDN. Topline Capital Management LLC raised its holdings in Meridian by 1,072.4% in 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 during the period. Whetstone Capital Advisors LLC bought a new stake in shares of Meridian in the 4th quarter valued at $331,000. Citadel Advisors LLC increased its position in shares of Meridian by 1,603.2% in 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 in the last quarter. Sandhill Capital Partners LLC acquired a new stake in Meridian during the 3rd quarter worth $195,000. Finally, Squarepoint Ops LLC lifted its holdings in Meridian by 115.2% during the third 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. Institutional investors own 2.74% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on MRDN. Weiss Ratings initiated coverage on Meridian in a report on Tuesday, April 7th. They set a “sell (e+)” rating for the company. Wall Street Zen raised shares of Meridian to a “strong-buy” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell” and a consensus target price 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.