Meridian (NASDAQ:MRDN) CEO Sells $126,800.00 in Stock

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $12.68, for a total value of $126,800.00. Following the completion of the transaction, the chief executive officer owned 453,463 shares in the company, valued at $5,749,910.84. The trade was a 2.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, June 11th, Anthony Brian Goodman sold 9,000 shares of Meridian stock. The stock was sold at an average price of $13.02, for a total value of $117,180.00.
• On Wednesday, June 10th, Anthony Brian Goodman sold 7,000 shares of Meridian stock. The stock was sold at an average price of $13.04, for a total value of $91,280.00.
• On Friday, May 22nd, Anthony Brian Goodman sold 12,196 shares of Meridian stock. The stock was sold at an average price of $10.37, for a total value of $126,472.52.
• On Monday, May 4th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The stock was sold at an average price of $12.75, for a total value of $127,500.00.
• 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 shares were 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 shares were 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 shares were sold at an average price of $6.92, for a total value of $26,821.92.

Meridian Stock Up 11.8%

Meridian stock traded up $1.51 during trading on Friday, hitting $14.32. The stock had a trading volume of 75,404 shares, compared to its average volume of 37,025. Meridian Holdings Inc. has a 1 year low of $5.80 and a 1 year high of $22.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.48 and a current ratio of 0.57. The company’s 50 day moving average price is $9.55. The firm has a market cap of $181.42 million, a PE ratio of -1.97 and a beta of 0.67.

Meridian (NASDAQ:MRDN) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.18 EPS for the quarter. Meridian had a negative return on equity of 99.65% and a negative net margin of 45.94%.The business had revenue of $50.10 million for the quarter. As a group, equities research analysts anticipate that Meridian Holdings Inc. will post 0.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wall Street Zen upgraded Meridian to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings assumed coverage on Meridian in a research report on Tuesday, April 7th. They set a “sell (e+)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell” and a consensus target price of $21.60.

Institutional Investors Weigh In On Meridian

Institutional investors have recently made changes to their positions in the stock. Marex Group plc purchased a new stake in shares of Meridian during the second quarter worth $26,000. Virtu Financial LLC purchased a new stake in shares of Meridian during the third quarter worth $33,000. Marshall Wace LLP purchased a new stake in shares of Meridian during the second quarter worth $57,000. Topline Capital Management LLC purchased a new stake in shares of Meridian during the second quarter worth $90,000. Finally, Continuum Advisory LLC lifted its position in shares of Meridian by 375.0% during the fourth quarter. Continuum Advisory LLC now owns 57,000 shares of the company’s stock worth $46,000 after acquiring an additional 45,000 shares in the last quarter. Hedge funds and other institutional investors own 2.74% of the company’s stock.

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.