Algert Global LLC Has $972,000 Stake in Golden Entertainment, Inc. (GDEN)
Algert Global LLC reduced its position in Golden Entertainment, Inc. (NASDAQ:GDEN) by 50.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 46,939 shares of the company’s stock after selling 47,784 shares during the period. Algert Global LLC’s holdings in Golden Entertainment were worth $972,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Lafitte Capital Management LP boosted its position in Golden Entertainment by 21.6% in the first quarter. Lafitte Capital Management LP now owns 438,885 shares of the company’s stock worth $5,806,000 after buying an additional 78,055 shares during the period. Goldman Sachs Group Inc. bought a new position in Golden Entertainment during the first quarter worth $196,000. Finally, Bank of Montreal Can bought a new position in Golden Entertainment during the second quarter worth $133,000. 27.48% of the stock is owned by institutional investors.
Golden Entertainment, Inc. (GDEN) opened at 20.53 on Thursday. Golden Entertainment, Inc. has a 12-month low of $8.65 and a 12-month high of $22.18. The stock has a 50 day moving average price of $20.75 and a 200-day moving average price of $15.80. The firm has a market capitalization of $456.81 million, a PE ratio of 23.90 and a beta of 0.04.
Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings data on Friday, August 4th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.14. The company had revenue of $110.49 million for the quarter, compared to the consensus estimate of $112.30 million. Golden Entertainment had a return on equity of 6.36% and a net margin of 4.29%. On average, equities research analysts forecast that Golden Entertainment, Inc. will post $0.85 EPS for the current year.
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A number of equities analysts have recently weighed in on GDEN shares. SunTrust Banks, Inc. cut Golden Entertainment from a “buy” rating to a “hold” rating in a report on Monday, May 15th. Zacks Investment Research cut Golden Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th. Finally, BidaskClub cut Golden Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th.
About Golden Entertainment
Golden Entertainment, Inc is a group of gaming companies. The Company focuses on distributed gaming, including tavern gaming, and casino and resort operations. It operates through two segments: Distributed Gaming and Casinos. Its Distributed Gaming segment involves the installation, maintenance and operation of gaming and amusement devices in certain strategic, high-traffic, non-casino locations (such as grocery stores, convenience stores, restaurants, bars, taverns, saloons and liquor stores) in Nevada and Montana, and the operation of traditional, branded taverns targeting local patrons, primarily in the greater Las Vegas, Nevada metropolitan area.
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