Other research analysts have also issued research reports about the company. ValuEngine lowered Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. Deutsche Bank boosted their price objective on T. Rowe Price Group from $91.00 to $94.00 and gave the company a hold rating in a research report on Friday, March 15th. Finally, Zacks Investment Research lowered Granite Point Mortgage Trust from a buy rating to a hold rating in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $24.67.
Golden Entertainment stock opened at $14.29 on Tuesday. Golden Entertainment has a 12 month low of $12.46 and a 12 month high of $34.45. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.26 and a quick ratio of 1.20. The business’s 50 day moving average is $13.70.
Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.24). The company had revenue of $239.89 million for the quarter, compared to analysts’ expectations of $240.47 million. Golden Entertainment had a negative return on equity of 6.47% and a negative net margin of 3.75%. As a group, sell-side analysts anticipate that Golden Entertainment will post -0.08 EPS for the current fiscal year.
In other news, Director Anthony A. Marnell III acquired 6,800 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were bought at an average price of $13.33 per share, with a total value of $90,644.00. Following the purchase, the director now owns 28,679 shares of the company’s stock, valued at $382,291.07. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Anthony A. Marnell III acquired 10,000 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was purchased at an average cost of $13.50 per share, for a total transaction of $135,000.00. Following the purchase, the director now directly owns 21,879 shares in the company, valued at approximately $295,366.50. The disclosure for this purchase can be found here. Insiders have acquired a total of 27,800 shares of company stock valued at $377,254 in the last quarter. 36.40% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of GDEN. Legal & General Group Plc raised its stake in shares of Golden Entertainment by 25.2% in the 4th quarter. Legal & General Group Plc now owns 3,397 shares of the company’s stock worth $54,000 after buying an additional 684 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new stake in shares of Golden Entertainment during the first quarter worth $54,000. Quantamental Technologies LLC raised its position in shares of Golden Entertainment by 165.3% during the first quarter. Quantamental Technologies LLC now owns 4,510 shares of the company’s stock worth $64,000 after purchasing an additional 2,810 shares during the period. Metropolitan Life Insurance Co. NY raised its position in shares of Golden Entertainment by 365.1% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,930 shares of the company’s stock worth $95,000 after purchasing an additional 4,655 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Golden Entertainment by 35.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 8,586 shares of the company’s stock worth $122,000 after purchasing an additional 2,244 shares during the period. 60.72% of the stock is currently owned by institutional investors.
About Golden Entertainment
Golden Entertainment, Inc engages in the development, finance, management, and ownership of casino properties. It operates through the Distributed Gaming and Casinos segments. The Distributed Gaming segment involves in the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery stores, convenience stores, liquor stores, restaurants, bars, and taverns; and the operation of wholly-owned branded taverns targeting local patrons.
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