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

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 10,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $12.68, for a total value of $126,800.00. Following the completion of the transaction, the chief executive officer directly owned 453,463 shares of the company’s stock, valued at approximately $5,749,910.84. This trade represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, June 11th, Anthony Brian Goodman sold 9,000 shares of Meridian stock. The stock was 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 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 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.
• 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 transaction 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 transaction of $29,183.02.
• On Friday, April 17th, Anthony Brian Goodman sold 404 shares of Meridian stock. The shares were 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 Performance

Shares of NASDAQ:MRDN opened at $14.32 on Friday. Meridian Holdings Inc. has a twelve month low of $5.80 and a twelve month high of $22.78. The firm has a market capitalization of $181.43 million, a price-to-earnings ratio of -1.97 and a beta of 0.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.48 and a current ratio of 0.57. The firm has a fifty day simple moving average of $9.70.

Meridian (NASDAQ:MRDN) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.18 EPS for the quarter. The firm had revenue of $50.10 million during the quarter. Meridian had a negative return on equity of 99.65% and a negative net margin of 45.94%. On average, analysts anticipate that Meridian Holdings Inc. will post 0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Meridian

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MRDN. Marshall Wace LLP bought a new position in Meridian during the second quarter worth about $57,000. Topline Capital Management LLC bought a new position in Meridian during the second quarter worth about $90,000. Marex Group plc bought a new position in Meridian during the second quarter worth about $26,000. Sandhill Capital Partners LLC bought a new position in shares of Meridian during the 3rd quarter valued at about $195,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of Meridian by 115.2% during the 3rd quarter. Squarepoint Ops LLC now owns 148,302 shares of the company’s stock valued at $168,000 after purchasing an additional 79,382 shares in the last quarter. Institutional investors own 2.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MRDN shares. Wall Street Zen upgraded Meridian to a “strong-buy” rating in a research report on Saturday, May 9th. Weiss Ratings assumed coverage on Meridian in a report on Tuesday, April 7th. They set a “sell (e+)” rating on the stock. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell” and an average target price of $21.60.

About Meridian

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.