SummerHaven Investment Management LLC Buys 439 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

SummerHaven Investment Management LLC lifted its position in Golden Entertainment, Inc. (NASDAQ:GDEN) by 1.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,706 shares of the company’s stock after acquiring an additional 439 shares during the quarter. SummerHaven Investment Management LLC owned 0.10% of Golden Entertainment worth $705,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Lazard Asset Management LLC raised its position in Golden Entertainment by 405.7% in the 4th quarter. Lazard Asset Management LLC now owns 1,871 shares of the company’s stock worth $59,000 after purchasing an additional 1,501 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of Golden Entertainment by 86.0% in the fourth quarter. Meeder Asset Management Inc. now owns 2,474 shares of the company’s stock worth $78,000 after buying an additional 1,144 shares during the period. GAMMA Investing LLC raised its holdings in shares of Golden Entertainment by 1,136.9% in the first quarter. GAMMA Investing LLC now owns 6,729 shares of the company’s stock worth $178,000 after buying an additional 6,185 shares during the period. Two Sigma Securities LLC lifted its stake in shares of Golden Entertainment by 10.9% during the 4th quarter. Two Sigma Securities LLC now owns 7,219 shares of the company’s stock worth $228,000 after acquiring an additional 709 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Golden Entertainment by 16.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,678 shares of the company’s stock valued at $243,000 after acquiring an additional 1,085 shares during the period. 70.73% of the stock is owned by hedge funds and other institutional investors.

Golden Entertainment Price Performance

Shares of GDEN opened at $27.75 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. The company has a 50 day moving average price of $26.93 and a 200-day moving average price of $29.71. Golden Entertainment, Inc. has a fifty-two week low of $22.66 and a fifty-two week high of $35.49. The stock has a market capitalization of $733.57 million, a PE ratio of 22.38 and a beta of 1.79.

Golden Entertainment (NASDAQ:GDEN) last posted its earnings results on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $160.84 million for the quarter, compared to analysts’ expectations of $164.37 million. Golden Entertainment had a return on equity of 0.69% and a net margin of 5.23%. Equities analysts predict that Golden Entertainment, Inc. will post 0.2 earnings per share for the current fiscal year.

Golden Entertainment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.60%. The ex-dividend date is Wednesday, June 25th. Golden Entertainment’s dividend payout ratio is currently 256.41%.

Wall Street Analyst Weigh In

GDEN has been the topic of a number of recent analyst reports. JMP Securities reduced their target price on Golden Entertainment from $37.00 to $36.00 and set a “market outperform” rating on the stock in a research note on Thursday, April 17th. Wall Street Zen upgraded shares of Golden Entertainment from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Finally, Macquarie reiterated an “outperform” rating and set a $40.00 price objective on shares of Golden Entertainment in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.00.

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.