Golden Entertainment, Inc. (NASDAQ:GDEN) Short Interest Update

Golden Entertainment, Inc. (NASDAQ:GDEN) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 883,500 shares, a growth of 20.9% from the November 15th total of 730,700 shares. Based on an average daily volume of 226,300 shares, the short-interest ratio is currently 3.9 days. Approximately 4.4% of the company’s stock are short sold.

Analyst Ratings Changes

GDEN has been the subject of several research reports. JMP Securities lifted their price target on Golden Entertainment from $35.00 to $36.00 and gave the company a “market outperform” rating in a report on Monday, November 25th. Truist Financial reduced their target price on shares of Golden Entertainment from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. StockNews.com upgraded shares of Golden Entertainment from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. B. Riley reduced their price objective on shares of Golden Entertainment from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Finally, Macquarie decreased their price objective on shares of Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $37.20.

Insider Activity at Golden Entertainment

In related news, Director Mark A. Lipparelli sold 773 shares of Golden Entertainment stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $33.32, for a total transaction of $25,756.36. Following the completion of the sale, the director now owns 82,740 shares of the company’s stock, valued at approximately $2,756,896.80. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 29.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Golden Entertainment

A number of hedge funds have recently bought and sold shares of the company. Systematic Financial Management LP lifted its position in shares of Golden Entertainment by 24.5% during the 3rd quarter. Systematic Financial Management LP now owns 352,227 shares of the company’s stock worth $11,197,000 after purchasing an additional 69,207 shares during the last quarter. Peregrine Capital Management LLC lifted its holdings in shares of Golden Entertainment by 43.0% during the second quarter. Peregrine Capital Management LLC now owns 248,875 shares of the company’s stock worth $7,743,000 after buying an additional 74,867 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Golden Entertainment in the second quarter valued at approximately $263,000. Quest Partners LLC bought a new stake in shares of Golden Entertainment in the second quarter valued at approximately $1,180,000. Finally, nVerses Capital LLC acquired a new stake in shares of Golden Entertainment in the second quarter worth $37,000. 70.73% of the stock is currently owned by institutional investors.

Golden Entertainment Trading Up 0.6 %

NASDAQ:GDEN opened at $33.19 on Monday. The company’s 50 day moving average is $31.86 and its 200-day moving average is $31.09. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. Golden Entertainment has a 12 month low of $27.42 and a 12 month high of $42.14. The firm has a market cap of $910.40 million, a price-to-earnings ratio of 26.76 and a beta of 2.22.

Golden Entertainment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be issued a $0.25 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.00 annualized dividend and a yield of 3.01%. Golden Entertainment’s dividend payout ratio (DPR) is presently 80.65%.

Golden Entertainment Company 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.