Golden Entertainment, Inc. $GDEN Stake Increased by Union Square Park Capital Management LLC

Union Square Park Capital Management LLC boosted its stake in Golden Entertainment, Inc. (NASDAQ:GDEN) by 18.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,500 shares of the company’s stock after acquiring an additional 21,700 shares during the period. Golden Entertainment accounts for 1.2% of Union Square Park Capital Management LLC’s portfolio, making the stock its 16th largest position. Union Square Park Capital Management LLC owned approximately 0.54% of Golden Entertainment worth $3,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in GDEN. Bernzott Capital Advisors raised its stake in shares of Golden Entertainment by 55.2% in the 3rd quarter. Bernzott Capital Advisors now owns 336,288 shares of the company’s stock valued at $7,930,000 after purchasing an additional 119,606 shares in the last quarter. Hill Path Capital LP grew its stake in Golden Entertainment by 477.8% in the second quarter. Hill Path Capital LP now owns 655,625 shares of the company’s stock worth $19,295,000 after purchasing an additional 542,150 shares in the last quarter. Deprince Race & Zollo Inc. grew its stake in Golden Entertainment by 2.9% in the third quarter. Deprince Race & Zollo Inc. now owns 839,494 shares of the company’s stock worth $19,795,000 after purchasing an additional 23,476 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Golden Entertainment in the second quarter valued at about $1,277,000. Finally, Gamco Investors INC. ET AL increased its holdings in Golden Entertainment by 5.2% in the second quarter. Gamco Investors INC. ET AL now owns 868,146 shares of the company’s stock valued at $25,550,000 after buying an additional 42,720 shares during the last quarter. 70.73% of the stock is owned by institutional investors and hedge funds.

Golden Entertainment Stock Performance

Shares of GDEN stock opened at $27.60 on Friday. The company has a market cap of $723.12 million, a P/E ratio of -110.40 and a beta of 1.41. The business has a 50 day moving average of $27.99 and a two-hundred day moving average of $26.39. Golden Entertainment, Inc. has a 52 week low of $19.57 and a 52 week high of $32.74. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 1.01.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings results on Friday, February 27th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.12). Golden Entertainment had a positive return on equity of 0.51% and a negative net margin of 0.95%.The company had revenue of $155.63 million for the quarter, compared to analyst estimates of $166.61 million. As a group, analysts anticipate that Golden Entertainment, Inc. will post 0.2 EPS for the current year.

Golden Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $1.00 annualized dividend and a dividend yield of 3.6%. Golden Entertainment’s payout ratio is -400.00%.

Analyst Ratings Changes

A number of research firms have commented on GDEN. Zacks Research raised Golden Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Weiss Ratings downgraded Golden Entertainment from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Finally, Citigroup reissued a “market perform” rating on shares of Golden Entertainment in a research report on Tuesday. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $32.75.

Golden Entertainment Profile

Golden Entertainment, Inc is a diversified gaming and hospitality company that operates in the casino, tavern-casino and slot route markets. The company’s core activities encompass the ownership and management of full-service resort casinos, a portfolio of branded neighborhood tavern-casinos and a large slot distribution network. Headquartered in Summerlin, Nevada, Golden Entertainment serves leisure and local gaming customers across multiple Western U.S. markets.

In its casino and tavern-casino segment, Golden Entertainment owns and operates properties such as Bronco Billy’s Casino & Hotel in Cripple Creek, Colorado, along with a collection of PT’s branded venues throughout Southern Nevada.