Teton Advisors Inc. Decreases Stock Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

Teton Advisors Inc. lowered its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,000 shares of the company’s stock after selling 5,500 shares during the period. Golden Entertainment makes up about 1.5% of Teton Advisors Inc.’s investment portfolio, making the stock its 14th largest position. Teton Advisors Inc.’s holdings in Golden Entertainment were worth $4,632,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Golden Entertainment by 86.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,048 shares of the company’s stock valued at $36,000 after purchasing an additional 487 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Golden Entertainment by 44.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,012 shares of the company’s stock worth $171,000 after buying an additional 1,549 shares in the last quarter. MGO One Seven LLC boosted its position in Golden Entertainment by 13.3% in the 3rd quarter. MGO One Seven LLC now owns 9,897 shares of the company’s stock valued at $338,000 after buying an additional 1,164 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Golden Entertainment by 56.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 10,649 shares of the company’s stock valued at $364,000 after acquiring an additional 3,842 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Golden Entertainment during the fourth quarter valued at about $386,000. Hedge funds and other institutional investors own 70.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GDEN shares. B. Riley began coverage on Golden Entertainment in a research note on Friday. They issued a “buy” rating and a $46.00 price target on the stock. JMP Securities dropped their price objective on Golden Entertainment from $48.00 to $45.00 and set a “market outperform” rating on the stock in a report on Friday, March 1st. Truist Financial reduced their target price on Golden Entertainment from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Finally, StockNews.com downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, March 4th.

Golden Entertainment Stock Up 1.0 %

Shares of Golden Entertainment stock traded up $0.33 during trading on Monday, reaching $32.74. The company had a trading volume of 121,830 shares, compared to its average volume of 155,510. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.30 and a current ratio of 2.35. Golden Entertainment, Inc. has a fifty-two week low of $30.38 and a fifty-two week high of $47.49. The firm’s fifty day moving average is $34.83 and its 200-day moving average is $36.58. The company has a market cap of $947.82 million, a price-to-earnings ratio of 3.95 and a beta of 2.25.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.07). Golden Entertainment had a net margin of 24.28% and a return on equity of 6.40%. The firm had revenue of $230.69 million for the quarter, compared to analyst estimates of $228.75 million. On average, analysts anticipate that Golden Entertainment, Inc. will post 1.21 EPS for the current year.

Golden Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Monday, March 18th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, March 15th. Golden Entertainment’s dividend payout ratio is currently 12.08%.

Golden Entertainment Profile

Golden Entertainment, Inc owns and operates a diversified entertainment platform in the United States. The company operates through four segments; Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. It also operates casino, casino resorts, and taverns; and slot machines in third party non-casino locations.