New York State Common Retirement Fund Raises Stake in Golden Entertainment Inc (NASDAQ:GDEN)

New York State Common Retirement Fund boosted its position in shares of Golden Entertainment Inc (NASDAQ:GDEN) by 25.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 514,506 shares of the company’s stock after buying an additional 103,301 shares during the quarter. New York State Common Retirement Fund owned approximately 1.85% of Golden Entertainment worth $7,285,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Legal & General Group Plc grew its position in shares of Golden Entertainment by 25.2% in the 4th quarter. Legal & General Group Plc now owns 3,397 shares of the company’s stock worth $54,000 after buying an additional 684 shares during the period. Rhumbline Advisers lifted its stake in shares of Golden Entertainment by 3.7% in the 1st quarter. Rhumbline Advisers now owns 23,968 shares of the company’s stock worth $339,000 after purchasing an additional 865 shares during the period. Quantamental Technologies LLC bought a new position in shares of Golden Entertainment in the 4th quarter worth approximately $27,000. Gabelli Funds LLC lifted its stake in shares of Golden Entertainment by 0.9% in the 4th quarter. Gabelli Funds LLC now owns 221,000 shares of the company’s stock worth $3,540,000 after purchasing an additional 2,000 shares during the period. Finally, Raymond James & Associates lifted its stake in shares of Golden Entertainment by 2.4% in the 4th quarter. Raymond James & Associates now owns 86,746 shares of the company’s stock worth $1,390,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 60.72% of the company’s stock.

GDEN traded up $0.06 during trading on Friday, reaching $14.00. 445,952 shares of the company traded hands, compared to its average volume of 99,291. The business’s fifty day simple moving average is $13.64. Golden Entertainment Inc has a 12-month low of $12.46 and a 12-month high of $34.45. The company has a current ratio of 1.26, a quick ratio of 1.20 and a debt-to-equity ratio of 3.96. The stock has a market capitalization of $386.84 million, a P/E ratio of -26.42 and a beta of 1.30.

Golden Entertainment (NASDAQ:GDEN) last posted its earnings results on Thursday, May 9th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.24). Golden Entertainment had a negative net margin of 3.75% and a negative return on equity of 6.47%. The business had revenue of $239.89 million during the quarter, compared to analysts’ expectations of $240.47 million. On average, equities research analysts predict that Golden Entertainment Inc will post -0.08 earnings per share for the current year.

A number of equities research analysts have commented on GDEN shares. BidaskClub upgraded shares of Golden Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, June 20th. ValuEngine upgraded shares of Golden Entertainment from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Zacks Investment Research cut shares of Golden Entertainment from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 19th. Finally, Deutsche Bank decreased their target price on shares of Golden Entertainment from $38.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $24.67.

In other news, SVP Blake L. Sartini II acquired 10,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was bought at an average cost of $13.87 per share, with a total value of $138,700.00. Following the completion of the purchase, the senior vice president now directly owns 37,271 shares of the company’s stock, valued at $516,948.77. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony A. Marnell III acquired 6,800 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were purchased at an average cost of $13.33 per share, with a total value of $90,644.00. Following the completion of the purchase, the director now directly owns 28,679 shares of the company’s stock, valued at $382,291.07. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 27,800 shares of company stock valued at $377,254. 36.40% of the stock is currently owned by insiders.

About Golden Entertainment

Golden Entertainment, Inc engages in the development, finance, management, and ownership of casino properties. It operates through the Distributed Gaming and Casinos segments. The Distributed Gaming segment involves in the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery stores, convenience stores, liquor stores, restaurants, bars, and taverns; and the operation of wholly-owned branded taverns targeting local patrons.

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Institutional Ownership by Quarter for Golden Entertainment (NASDAQ:GDEN)

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