BNP Paribas Arbitrage SA Makes New $54,000 Investment in Golden Entertainment Inc (NASDAQ:GDEN)

BNP Paribas Arbitrage SA acquired a new stake in shares of Golden Entertainment Inc (NASDAQ:GDEN) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,827 shares of the company’s stock, valued at approximately $54,000.

Several other large investors also recently made changes to their positions in the company. Rothschild & Co. Asset Management US Inc. raised its stake in Golden Entertainment by 4.8% during the 4th quarter. Rothschild & Co. Asset Management US Inc. now owns 136,459 shares of the company’s stock valued at $2,186,000 after buying an additional 6,238 shares during the last quarter. Penn Capital Management Co. Inc. grew its position in shares of Golden Entertainment by 127.4% during the 4th quarter. Penn Capital Management Co. Inc. now owns 873,976 shares of the company’s stock valued at $15,041,000 after acquiring an additional 489,591 shares during the period. Intrinsic Edge Capital Management LLC bought a new stake in shares of Golden Entertainment during the 4th quarter valued at $8,134,000. Nantahala Capital Management LLC grew its position in shares of Golden Entertainment by 5.0% during the 4th quarter. Nantahala Capital Management LLC now owns 2,527,713 shares of the company’s stock valued at $40,494,000 after acquiring an additional 121,415 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Golden Entertainment by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 793,621 shares of the company’s stock valued at $19,055,000 after acquiring an additional 20,557 shares during the period. 60.72% of the stock is currently owned by hedge funds and other institutional investors.

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

A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Golden Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, June 20th. 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. ValuEngine upgraded shares of Golden Entertainment from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. 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 report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $24.67.

Shares of NASDAQ GDEN traded down $0.22 during midday trading on Monday, reaching $13.78. 115,500 shares of the company’s stock traded hands, compared to its average volume of 167,091. The stock has a market cap of $388.51 million, a P/E ratio of -26.00 and a beta of 1.31. Golden Entertainment Inc has a one year low of $12.46 and a one year high of $34.45. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.20 and a current ratio of 1.26. The stock’s 50 day moving average is $13.64.

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

Golden Entertainment Company Profile

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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