Golden Entertainment, Inc. (NASDAQ:GDEN) Position Boosted by MML Investors Services LLC

MML Investors Services LLC increased its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN) by 29.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,449 shares of the company’s stock after purchasing an additional 14,293 shares during the quarter. MML Investors Services LLC owned 0.23% of Golden Entertainment worth $2,017,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Golden Entertainment in the second quarter valued at $263,000. Assenagon Asset Management S.A. lifted its holdings in shares of Golden Entertainment by 2,745.8% during the second quarter. Assenagon Asset Management S.A. now owns 183,156 shares of the company’s stock valued at $5,698,000 after purchasing an additional 176,720 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Golden Entertainment by 3.0% during the second quarter. SummerHaven Investment Management LLC now owns 18,120 shares of the company’s stock valued at $564,000 after purchasing an additional 524 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Golden Entertainment by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 194,693 shares of the company’s stock valued at $6,057,000 after purchasing an additional 4,761 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in Golden Entertainment in the 2nd quarter worth about $54,000. 70.73% of the stock is owned by institutional investors and hedge funds.

Golden Entertainment Stock Up 0.5 %

Shares of Golden Entertainment stock opened at $33.36 on Tuesday. The firm has a market cap of $915.03 million, a price-to-earnings ratio of 26.90 and a beta of 2.22. The stock has a 50-day simple moving average of $31.86 and a 200-day simple moving average of $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, Inc. has a 52-week low of $27.42 and a 52-week high of $41.98.

Golden Entertainment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.00 annualized dividend and a dividend yield of 3.00%. Golden Entertainment’s dividend payout ratio (DPR) is 80.65%.

Analyst Upgrades and Downgrades

GDEN has been the subject of several recent analyst reports. Macquarie decreased their target price on shares of Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, November 8th. JMP Securities raised their price objective on shares of Golden Entertainment from $35.00 to $36.00 and gave the stock a “market outperform” rating in a research note on Monday, November 25th. StockNews.com upgraded shares of Golden Entertainment from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Wells Fargo & Company started coverage on Golden Entertainment in a research report on Monday. They issued an “overweight” rating and a $38.00 target price for the company. 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 report on Monday, September 23rd. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $37.33.

Insider Activity

In other Golden Entertainment news, Director Mark A. Lipparelli sold 773 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $33.32, for a total transaction of $25,756.36. Following the transaction, the director now directly owns 82,740 shares of the company’s stock, valued at $2,756,896.80. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 29.10% of the stock is owned by insiders.

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.