Golden Entertainment, Inc. $GDEN Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lessened its stake in Golden Entertainment, Inc. (NASDAQ:GDEN) by 46.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,935 shares of the company’s stock after selling 17,209 shares during the quarter. GSA Capital Partners LLP’s holdings in Golden Entertainment were worth $470,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GDEN. Jane Street Group LLC lifted its position in shares of Golden Entertainment by 22.9% during the first quarter. Jane Street Group LLC now owns 34,913 shares of the company’s stock worth $921,000 after purchasing an additional 6,498 shares in the last quarter. Jennison Associates LLC lifted its holdings in Golden Entertainment by 4.1% in the 2nd quarter. Jennison Associates LLC now owns 543,982 shares of the company’s stock worth $16,009,000 after buying an additional 21,415 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Golden Entertainment by 4.9% in the 2nd quarter. Geode Capital Management LLC now owns 508,110 shares of the company’s stock worth $14,956,000 after buying an additional 23,542 shares in the last quarter. Creative Planning purchased a new position in Golden Entertainment in the 2nd quarter valued at about $201,000. Finally, Legal & General Group Plc grew its stake in shares of Golden Entertainment by 2.5% during the second quarter. Legal & General Group Plc now owns 56,180 shares of the company’s stock valued at $1,653,000 after acquiring an additional 1,353 shares in the last quarter. Hedge funds and other institutional investors own 70.73% of the company’s stock.

Golden Entertainment Trading Up 0.1%

NASDAQ:GDEN opened at $29.16 on Wednesday. The company has a market cap of $763.41 million, a PE ratio of 162.00 and a beta of 1.47. The business’s 50 day moving average is $27.65 and its two-hundred day moving average is $26.09. The company has a quick ratio of 1.02, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. Golden Entertainment, Inc. has a 52 week low of $19.57 and a 52 week high of $32.74.

Analysts Set New Price Targets

GDEN has been the topic of several recent analyst reports. Weiss Ratings upgraded Golden Entertainment from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 28th. Wells Fargo & Company restated a “sell” rating and set a $30.00 price objective (down from $34.00) on shares of Golden Entertainment in a report on Thursday, November 6th. Citizens Jmp lowered Golden Entertainment from a “market outperform” rating to a “hold” rating in a research report on Friday, November 7th. Zacks Research raised shares of Golden Entertainment from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Finally, Truist Financial upped their price target on shares of Golden Entertainment from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, November 7th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $32.75.

Golden Entertainment Company Profile

Golden Entertainment, Inc is a diversified gaming and hospitality company that operates in the casino, tavern-casino and slot route markets. The company’s core activities encompass the ownership and management of full-service resort casinos, a portfolio of branded neighborhood tavern-casinos and a large slot distribution network. Headquartered in Summerlin, Nevada, Golden Entertainment serves leisure and local gaming customers across multiple Western U.S. markets.

In its casino and tavern-casino segment, Golden Entertainment owns and operates properties such as Bronco Billy’s Casino & Hotel in Cripple Creek, Colorado, along with a collection of PT’s branded venues throughout Southern Nevada.