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Golden Entertainment, Inc. (NASDAQ: GDEN – Get a rating) Chief Operating Officer Stephen Arcana 12,500 shares of the company were sold in a transaction that took place on Wednesday, October 5. Shares sold at an average price of $37.96 for a total value of $474,500.00. Following the sale, the COO now directly owns 306,191 shares of the company’s stock, valued at $11,623,010.36.The transaction was disclosed in an SEC filing, available through this hyperlink.
Golden Entertainment shares fell 0.8%
of shares geoelectricity It was down 30 cents at $38.18 in Friday’s session. The company’s trading volume was 168,287 shares, compared with its average volume of 283,781 shares. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 11.55, and a beta of 2.42. The company’s current ratio is 1.91, its quick ratio is 1.85, and its debt-to-equity ratio is 2.84. Golden Entertainment, Inc. had a one-year low of $32.53 and a one-year high of $59.96. The company’s 50-day moving average is $39.60 and its 200-day moving average is $44.21.
Golden Entertainment (NASDAQ: GDEN – Get a rating) last reported quarterly earnings results on Thursday, August 4th. The company reported earnings per share of $0.70 for the quarter, missing consensus estimates of $0.90 ($0.20). The company’s revenue for the quarter was $289.37 million, compared with the consensus estimate of $287.81 million. Golden Entertainment’s return on equity was 32.87% and its net profit margin was 9.35%. As a group, stock analysts forecast Golden Entertainment, Inc. earnings per share of 3.26 for the current fiscal year.
Wall Street analysts predict growth
GDEN has been the subject of several research reports. Stock News Network In a report on Monday, Aug. 15, Golden Entertainment upgraded its rating from a “hold” rating to a “buy” rating. JMP Securities began coverage of Golden Entertainment in a report on Tuesday, June 28. They issued an “Outperform” rating and a $63.00 price target on the company. Deutsche Bank AG cut its price target on Golden Entertainment to $51.00 from $57.00 in a report on Wednesday, July 13, with a “buy” rating on the company. Finally, B. Riley lowered his price target on Golden Entertainment to $70.00 from $75.00 in a report on Tuesday, June 28, with a “buy” rating on the company. Seven equity research analysts have buy ratings on the stock, and according to MarketBeat, the company currently has a “buy” consensus rating and a consensus price target of $63.33.
Institutional inflows and outflows
Several hedge funds have recently increased or reduced their holdings in GDEN. BlackRock increased its position in Golden Entertainment by 155.9% in the first quarter. After purchasing an additional 1,771,873 shares last quarter, BlackRock now owns 2,908,507 shares of the company’s stock, valued at $168,896,000. Capital Research Global Investors increased its position in Golden Entertainment by 27.1% in the first quarter. Capital Research Global Investors now owns 2,066,100 shares of the company’s stock valued at $119,978,000 after purchasing an additional 441,100 shares in the previous quarter. State Street increased its position in Golden Entertainment by 75.6% in the first quarter. State Street Corporation now owns 638,151 shares of the company’s stock, valued at $37,057,000, after purchasing an additional 274,805 shares in the previous quarter. The Ontario Health Care Pension Plan Trust increased its position in Golden Entertainment by 457.8% in the first quarter. The Ontario Health Care Pension Plan Trust now owns 301,200 shares of the company’s stock, valued at $17,491,000, after buying an additional 247,200 shares in the previous quarter. Finally, Vanguard Group Inc. increased its stake in Golden Entertainment by 20.8% in the first quarter. After purchasing an additional 227,562 shares during this period, Vanguard Group Inc. now owns 1,322,194 shares of the company’s stock, valued at $76,780,000. 72.03% of the stock is held by institutional investors and hedge funds.
About Jinyu
Golden Entertainment, Inc and its subsidiaries own and operate diversified entertainment platforms in the United States. The company operates through four segments: Nevada Casino Resorts, Nevada Local Casinos, Maryland Casino Resorts, and Distributed Gaming. The Nevada Casino Resort segment includes destination casino resort properties, including a variety of food and beverage outlets, entertainment venues and other amenities.
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