Versor Investments LP Makes New Investment in Boyd Gaming Co. (NYSE:BYD)

Versor Investments LP bought a new position in Boyd Gaming Co. (NYSE:BYD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 37,652 shares of the company’s stock, valued at approximately $2,434,000.

Several other large investors also recently bought and sold shares of BYD. Altshuler Shaham Ltd purchased a new position in shares of Boyd Gaming in the second quarter valued at $29,000. Allspring Global Investments Holdings LLC lifted its holdings in Boyd Gaming by 57.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company’s stock worth $35,000 after buying an additional 189 shares in the last quarter. Covestor Ltd boosted its position in Boyd Gaming by 54.9% in the 3rd quarter. Covestor Ltd now owns 587 shares of the company’s stock valued at $38,000 after buying an additional 208 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Boyd Gaming by 58.2% during the second quarter. Blue Trust Inc. now owns 783 shares of the company’s stock valued at $43,000 after acquiring an additional 288 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Boyd Gaming by 921.8% during the third quarter. Farther Finance Advisors LLC now owns 889 shares of the company’s stock worth $57,000 after acquiring an additional 802 shares during the last quarter. Institutional investors and hedge funds own 76.81% of the company’s stock.

Boyd Gaming Stock Performance

Shares of BYD traded up $0.71 during midday trading on Monday, hitting $74.38. 37,237 shares of the stock traded hands, compared to its average volume of 922,546. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82. Boyd Gaming Co. has a 1-year low of $49.34 and a 1-year high of $74.78. The business’s 50 day moving average price is $64.67 and its two-hundred day moving average price is $58.83. The firm has a market capitalization of $6.57 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 9.35 and a beta of 1.55.

Boyd Gaming Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Sunday, September 15th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.91%. The ex-dividend date was Friday, September 13th. Boyd Gaming’s dividend payout ratio (DPR) is 12.98%.

Wall Street Analyst Weigh In

BYD has been the subject of a number of analyst reports. Bank of America increased their price target on Boyd Gaming from $68.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Stifel Nicolaus raised their price target on shares of Boyd Gaming from $67.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Mizuho reaffirmed an “outperform” rating and issued a $79.00 price target (up from $78.00) on shares of Boyd Gaming in a report on Friday, October 25th. JPMorgan Chase & Co. raised their price objective on shares of Boyd Gaming from $68.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, StockNews.com upgraded shares of Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.38.

Insider Buying and Selling at Boyd Gaming

In related news, Director Christine J. Spadafor sold 1,242 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $60.36, for a total value of $74,967.12. Following the completion of the transaction, the director now directly owns 1,096 shares of the company’s stock, valued at $66,154.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Chairman Marianne Boyd Johnson sold 73,130 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $60.23, for a total value of $4,404,619.90. Following the completion of the sale, the chairman now directly owns 1,423,498 shares of the company’s stock, valued at approximately $85,737,284.54. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christine J. Spadafor sold 1,242 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $60.36, for a total transaction of $74,967.12. Following the transaction, the director now owns 1,096 shares in the company, valued at $66,154.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,076 shares of company stock worth $7,763,331. 27.94% of the stock is owned by company insiders.

Boyd Gaming Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.