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

Golden Entertainment, Inc. (NASDAQ:GDEN) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 614,700 shares, an increase of 6.6% from the April 15th total of 576,900 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average daily trading volume, of 168,300 shares, the short-interest ratio is presently 3.7 days.

Golden Entertainment Price Performance

NASDAQ GDEN opened at $31.33 on Friday. Golden Entertainment has a 52 week low of $30.35 and a 52 week high of $47.49. The company has a current ratio of 2.36, a quick ratio of 2.33 and a debt-to-equity ratio of 1.16. The stock has a market cap of $907.00 million, a price-to-earnings ratio of 3.38 and a beta of 2.26. The company has a 50-day moving average price of $33.82 and a two-hundred day moving average price of $36.39.

Golden Entertainment (NASDAQ:GDEN) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.07). Golden Entertainment had a net margin of 30.14% and a return on equity of 1.13%. The company had revenue of $230.69 million during the quarter, compared to the consensus estimate of $228.75 million. Analysts forecast that Golden Entertainment will post 0.5 EPS for the current year.

Golden Entertainment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Friday, June 14th. Golden Entertainment’s dividend payout ratio is presently 10.79%.

Institutional Trading of Golden Entertainment

Several institutional investors have recently modified their holdings of GDEN. Vanguard Group Inc. raised its position in Golden Entertainment by 1.0% in the first quarter. Vanguard Group Inc. now owns 1,588,940 shares of the company’s stock worth $58,521,000 after acquiring an additional 14,957 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Golden Entertainment in the 3rd quarter worth approximately $35,680,000. William Blair Investment Management LLC raised its holdings in shares of Golden Entertainment by 21.1% in the 1st quarter. William Blair Investment Management LLC now owns 640,420 shares of the company’s stock worth $23,587,000 after purchasing an additional 111,701 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Golden Entertainment by 0.9% during the first quarter. Principal Financial Group Inc. now owns 620,654 shares of the company’s stock worth $22,859,000 after buying an additional 5,446 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in Golden Entertainment by 156.8% during the third quarter. Gamco Investors INC. ET AL now owns 609,050 shares of the company’s stock worth $20,817,000 after buying an additional 371,850 shares in the last quarter. Institutional investors and hedge funds own 70.73% of the company’s stock.

Wall Street Analyst Weigh In

GDEN has been the subject of a number of recent research reports. JMP Securities lowered their price objective on shares of Golden Entertainment from $48.00 to $45.00 and set a “market outperform” rating for the company in a research report on Friday, March 1st. B. Riley initiated coverage on shares of Golden Entertainment in a research report on Friday, April 26th. They set a “buy” rating and a $46.00 price objective for the company. Truist Financial lowered their price objective on shares of Golden Entertainment from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. StockNews.com upgraded shares of Golden Entertainment from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Golden Entertainment from $42.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $42.75.

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.