Y Intercept Hong Kong Ltd Purchases New Position in Golden Entertainment, Inc. $GDEN

Y Intercept Hong Kong Ltd acquired a new stake in Golden Entertainment, Inc. (NASDAQ:GDEN) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,814 shares of the company’s stock, valued at approximately $679,000. Y Intercept Hong Kong Ltd owned approximately 0.11% of Golden Entertainment at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GDEN. Raymond James Financial Inc. purchased a new stake in shares of Golden Entertainment in the 2nd quarter valued at about $27,000. Tower Research Capital LLC TRC increased its position in Golden Entertainment by 168.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,680 shares of the company’s stock worth $79,000 after buying an additional 1,680 shares during the period. Creative Planning purchased a new stake in Golden Entertainment in the second quarter valued at approximately $201,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Golden Entertainment in the second quarter valued at approximately $210,000. Finally, iSAM Funds UK Ltd purchased a new position in shares of Golden Entertainment during the second quarter worth approximately $215,000. Institutional investors and hedge funds own 70.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GDEN shares. Citizens Jmp cut Golden Entertainment from a “market outperform” rating to a “hold” rating in a research report on Friday, November 7th. Truist Financial increased their price target on shares of Golden Entertainment from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Wells Fargo & Company reaffirmed a “sell” rating and issued a $30.00 price objective (down previously from $34.00) on shares of Golden Entertainment in a report on Thursday, November 6th. Zacks Research raised Golden Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Finally, Weiss Ratings raised Golden Entertainment from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $32.75.

Golden Entertainment Price Performance

Shares of NASDAQ:GDEN opened at $26.83 on Tuesday. The firm has a market capitalization of $702.41 million, a price-to-earnings ratio of 149.06 and a beta of 1.47. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.02. The business’s 50 day simple moving average is $27.76 and its 200-day simple moving average is $26.06. Golden Entertainment, Inc. has a 12 month low of $19.57 and a 12 month high of $35.49.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.10). The firm had revenue of $154.82 million for the quarter, compared to analyst estimates of $157.21 million. Golden Entertainment had a return on equity of 1.20% and a net margin of 0.85%. As a group, equities analysts forecast that Golden Entertainment, Inc. will post 0.2 earnings per share for the current fiscal year.

Golden Entertainment 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.