William Blair Investment Management LLC lifted its position in Golden Entertainment Inc (NASDAQ:GDEN) by 17.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 445,213 shares of the company’s stock after acquiring an additional 66,002 shares during the quarter. William Blair Investment Management LLC’s holdings in Golden Entertainment were worth $10,690,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. NumerixS Investment Technologies Inc bought a new position in Golden Entertainment during the second quarter valued at about $108,000. Navellier & Associates Inc bought a new position in Golden Entertainment during the second quarter valued at about $202,000. Quantbot Technologies LP grew its position in Golden Entertainment by 106.0% during the third quarter. Quantbot Technologies LP now owns 8,633 shares of the company’s stock valued at $207,000 after buying an additional 4,443 shares during the period. Engineers Gate Manager LP bought a new position in Golden Entertainment during the third quarter valued at about $212,000. Finally, State Board of Administration of Florida Retirement System bought a new position in Golden Entertainment during the second quarter valued at about $218,000. Hedge funds and other institutional investors own 66.29% of the company’s stock.
GDEN opened at $17.65 on Thursday. The stock has a market cap of $494.05 million, a P/E ratio of 51.91, a P/E/G ratio of 11.39 and a beta of 0.95. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.50 and a quick ratio of 2.41. Golden Entertainment Inc has a fifty-two week low of $13.25 and a fifty-two week high of $34.45.
Golden Entertainment (NASDAQ:GDEN) last issued its earnings results on Thursday, November 8th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.26). The business had revenue of $210.34 million for the quarter, compared to the consensus estimate of $214.70 million. Golden Entertainment had a negative return on equity of 1.65% and a negative net margin of 1.09%. Analysts predict that Golden Entertainment Inc will post 0.16 earnings per share for the current year.
Several equities analysts recently weighed in on GDEN shares. Deutsche Bank started coverage on shares of Golden Entertainment in a research report on Thursday, October 4th. They set a “buy” rating and a $40.00 price target for the company. Jefferies Financial Group set a $39.00 price target on shares of Golden Entertainment and gave the company a “buy” rating in a research report on Monday, September 24th. Zacks Investment Research lowered shares of Golden Entertainment from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 10th. Telsey Advisory Group reduced their price target on shares of Golden Entertainment from $36.00 to $24.00 and set an “outperform” rating for the company in a research report on Monday, November 12th. Finally, BidaskClub upgraded shares of Golden Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, August 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Golden Entertainment has a consensus rating of “Hold” and a consensus price target of $30.00.
In other Golden Entertainment news, VP Charles Protell bought 13,340 shares of the business’s stock in a transaction on Tuesday, November 13th. The stock was purchased at an average price of $13.90 per share, for a total transaction of $185,426.00. Following the completion of the transaction, the vice president now directly owns 143,434 shares of the company’s stock, valued at $1,993,732.60. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Thomas Edwin Haas bought 2,200 shares of the business’s stock in a transaction on Wednesday, November 14th. The shares were acquired at an average price of $15.03 per share, with a total value of $33,066.00. Following the transaction, the senior vice president now directly owns 3,736 shares of the company’s stock, valued at $56,152.08. The disclosure for this purchase can be found here. Insiders have acquired 20,040 shares of company stock valued at $283,367 in the last quarter. Company insiders own 33.80% of the company’s stock.
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About Golden Entertainment
Golden Entertainment, Inc, together with its subsidiaries, focuses on distributed gaming, and resort casino operations in the United States. The Distributed Gaming segment is involved in the installation, maintenance, and operation of slots and amusement devices in non-casino locations, such as grocery stores, convenience stores, restaurants, bars, taverns, and liquor stores; and operation of branded taverns targeting local patrons primarily in the greater Las Vegas, Nevada metropolitan area.
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