Meridian (NASDAQ:MRDN) CEO Anthony Brian Goodman Sells 10,000 Shares

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 10,000 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $12.75, for a total value of $127,500.00. Following the completion of the sale, the chief executive officer owned 491,659 shares of the company’s stock, valued at $6,268,652.25. This trade represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Anthony Brian Goodman also recently made the following trade(s):

• On Monday, April 27th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The stock was sold at an average price of $6.41, for a total value of $64,100.00.
• On Friday, April 24th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The stock was sold at an average price of $6.34, for a total value of $63,400.00.
• On Thursday, April 23rd, Anthony Brian Goodman sold 2,000 shares of Meridian stock. The stock was sold at an average price of $6.30, for a total value of $12,600.00.
• On Wednesday, April 22nd, Anthony Brian Goodman sold 4,603 shares of Meridian stock. The stock was sold at an average price of $6.34, for a total value of $29,183.02.
• On Friday, April 17th, Anthony Brian Goodman sold 404 shares of Meridian stock. The stock was sold at an average price of $6.90, for a total value of $2,787.60.
• On Thursday, April 16th, Anthony Brian Goodman sold 3,876 shares of Meridian stock. The stock was sold at an average price of $6.92, for a total value of $26,821.92.
• On Wednesday, April 15th, Anthony Brian Goodman sold 6,900 shares of Meridian stock. The stock was sold at an average price of $6.93, for a total value of $47,817.00.
• On Tuesday, April 14th, Anthony Brian Goodman sold 100 shares of Meridian stock. The stock was sold at an average price of $6.90, for a total value of $690.00.
• On Monday, April 13th, Anthony Brian Goodman sold 713 shares of Meridian stock. The shares were sold at an average price of $6.90, for a total value of $4,919.70.
• On Friday, April 10th, Anthony Brian Goodman sold 903 shares of Meridian stock. The shares were sold at an average price of $6.99, for a total value of $6,311.97.

Meridian Stock Performance

NASDAQ MRDN traded up $2.12 during trading hours on Wednesday, hitting $13.31. 41,440 shares of the company traded hands, compared to its average volume of 31,843. The stock has a 50-day simple moving average of $7.89. Meridian Holdings Inc. has a twelve month low of $5.80 and a twelve month high of $23.76. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 0.10. The stock has a market cap of $168.62 million, a PE ratio of -1.79 and a beta of 0.61.

Meridian (NASDAQ:MRDN) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.18 EPS for the quarter. Meridian had a negative return on equity of 99.76% and a negative net margin of 45.94%.The firm had revenue of $50.10 million during the quarter. Analysts predict that Meridian Holdings Inc. will post 0.33 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on Meridian in a research report on Tuesday, April 7th. They set a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell” and a consensus price target of $21.60.

Institutional Trading of Meridian

A number of hedge funds have recently made changes to their positions in MRDN. Topline Capital Management LLC lifted its position in shares of Meridian by 1,072.4% in the third quarter. Topline Capital Management LLC now owns 623,909 shares of the company’s stock valued at $705,000 after buying an additional 570,694 shares during the last quarter. Whetstone Capital Advisors LLC acquired a new stake in shares of Meridian in the fourth quarter valued at approximately $331,000. Citadel Advisors LLC lifted its position in shares of Meridian by 1,603.2% in the third quarter. Citadel Advisors LLC now owns 206,082 shares of the company’s stock valued at $233,000 after buying an additional 193,982 shares during the last quarter. Sandhill Capital Partners LLC acquired a new stake in Meridian during the 3rd quarter worth approximately $195,000. Finally, Squarepoint Ops LLC lifted its holdings in Meridian by 115.2% during the 3rd quarter. Squarepoint Ops LLC now owns 148,302 shares of the company’s stock worth $168,000 after purchasing an additional 79,382 shares during the last quarter. 2.74% of the stock is owned by institutional investors and hedge funds.

Meridian Company Profile

Meridian Holdings Inc is engaged in the online gaming and betting business, providing sports betting, online casino, and gaming operations across multiple jurisdictions in Europe, Africa, and Central and South America. The company has three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The MeridianBet Group segment includes retail and online sports betting, casinos, and related gaming operations. The GMAG segment focuses on the resale of third-party gaming content, mainly serving customers in the Asia-Pacific region.