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

Golden Entertainment, Inc. (NASDAQ:GDEN) was the recipient of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 883,500 shares, a growth of 20.9% from the November 15th total of 730,700 shares. Based on an average trading volume of 226,300 shares, the short-interest ratio is presently 3.9 days. Currently, 4.4% of the shares of the company are sold short.

Golden Entertainment Stock Up 0.6 %

Shares of GDEN opened at $33.19 on Monday. The company has a market capitalization of $910.40 million, a P/E ratio of 26.76 and a beta of 2.22. Golden Entertainment has a one year low of $27.42 and a one year high of $42.14. The business’s 50 day simple moving average is $31.86 and its 200-day simple moving average is $31.09. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03.

Golden Entertainment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Friday, December 20th. Golden Entertainment’s dividend payout ratio is currently 80.65%.

Insider Activity at Golden Entertainment

In related news, Director Mark A. Lipparelli sold 773 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $33.32, for a total value of $25,756.36. Following the completion of the transaction, the director now directly owns 82,740 shares of the company’s stock, valued at $2,756,896.80. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 29.10% of the company’s stock.

Institutional Trading of Golden Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the business. Systematic Financial Management LP lifted its position in Golden Entertainment by 24.5% during the 3rd quarter. Systematic Financial Management LP now owns 352,227 shares of the company’s stock worth $11,197,000 after buying an additional 69,207 shares in the last quarter. Peregrine Capital Management LLC increased its position in Golden Entertainment by 43.0% in the 2nd quarter. Peregrine Capital Management LLC now owns 248,875 shares of the company’s stock valued at $7,743,000 after acquiring an additional 74,867 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Golden Entertainment in the second quarter worth about $263,000. Quest Partners LLC acquired a new position in shares of Golden Entertainment during the second quarter worth approximately $1,180,000. Finally, nVerses Capital LLC bought a new stake in shares of Golden Entertainment during the second quarter valued at approximately $37,000. 70.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Truist Financial reduced their price objective on shares of Golden Entertainment from $38.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. StockNews.com raised Golden Entertainment from a “hold” rating to a “buy” rating in a report on Friday, December 6th. JMP Securities increased their target price on Golden Entertainment from $35.00 to $36.00 and gave the stock a “market outperform” rating in a report on Monday, November 25th. Macquarie decreased their price target on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, B. Riley lowered their price target on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $37.20.

About Golden Entertainment

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.