Meeder Asset Management Inc. Acquires 1,144 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

Meeder Asset Management Inc. raised its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 86.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,474 shares of the company’s stock after acquiring an additional 1,144 shares during the period. Meeder Asset Management Inc.’s holdings in Golden Entertainment were worth $78,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Systematic Financial Management LP lifted its stake in Golden Entertainment by 24.5% in the third quarter. Systematic Financial Management LP now owns 352,227 shares of the company’s stock valued at $11,197,000 after buying an additional 69,207 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Golden Entertainment by 4.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 673,667 shares of the company’s stock valued at $21,288,000 after acquiring an additional 27,508 shares during the period. Barclays PLC boosted its stake in Golden Entertainment by 84.7% during the 3rd quarter. Barclays PLC now owns 48,918 shares of the company’s stock worth $1,556,000 after acquiring an additional 22,440 shares during the last quarter. Geode Capital Management LLC grew its holdings in Golden Entertainment by 4.3% during the third quarter. Geode Capital Management LLC now owns 587,006 shares of the company’s stock valued at $18,664,000 after purchasing an additional 24,264 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Golden Entertainment by 7.6% in the third quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company’s stock valued at $143,000 after purchasing an additional 317 shares in the last quarter. Institutional investors and hedge funds own 70.73% of the company’s stock.

Wall Street Analyst Weigh In

GDEN has been the topic of a number of research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $36.00 price target on shares of Golden Entertainment in a research report on Thursday, January 16th. StockNews.com lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Jefferies Financial Group upped their price target on shares of Golden Entertainment from $31.00 to $32.00 and gave the company a “hold” rating in a report on Friday, January 3rd. Macquarie restated an “outperform” rating and set a $40.00 price objective on shares of Golden Entertainment in a report on Friday, February 28th. Finally, Wells Fargo & Company initiated coverage on shares of Golden Entertainment in a research note on Monday, December 16th. They issued an “overweight” rating and a $38.00 target price for the company. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Golden Entertainment has a consensus rating of “Moderate Buy” and a consensus target price of $36.86.

Golden Entertainment Trading Up 1.5 %

Golden Entertainment stock opened at $26.78 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03. The firm has a 50-day moving average of $30.54 and a 200-day moving average of $31.34. The company has a market cap of $709.96 million, a price-to-earnings ratio of 21.60 and a beta of 2.29. Golden Entertainment, Inc. has a one year low of $25.17 and a one year high of $36.70.

Golden Entertainment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.00 dividend on an annualized basis and a yield of 3.73%. Golden Entertainment’s dividend payout ratio is 59.88%.

Golden Entertainment Company Profile

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.