AdvisorShares Investments LLC Has $1.05 Million Position in Boyd Gaming Co. (NYSE:BYD)

AdvisorShares Investments LLC boosted its position in shares of Boyd Gaming Co. (NYSE:BYD) by 84.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,431 shares of the company’s stock after buying an additional 6,600 shares during the quarter. AdvisorShares Investments LLC’s holdings in Boyd Gaming were worth $1,047,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. lifted its stake in shares of Boyd Gaming by 80.3% during the fourth quarter. UMB Bank n.a. now owns 393 shares of the company’s stock valued at $29,000 after acquiring an additional 175 shares during the period. GAMMA Investing LLC lifted its position in Boyd Gaming by 47.4% during the 4th quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock valued at $33,000 after purchasing an additional 148 shares during the period. Golden State Wealth Management LLC bought a new position in shares of Boyd Gaming in the 4th quarter valued at about $67,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Boyd Gaming during the 3rd quarter worth approximately $64,000. Finally, Investment Counsel Co. of Nevada bought a new stake in shares of Boyd Gaming during the fourth quarter worth approximately $73,000. 76.81% of the stock is currently owned by institutional investors.

Insider Transactions at Boyd Gaming

In other news, Director Christine J. Spadafor sold 1,125 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $75.28, for a total value of $84,690.00. Following the completion of the transaction, the director now directly owns 4,852 shares in the company, valued at approximately $365,258.56. This represents a 18.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William R. Boyd sold 15,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $79.32, for a total value of $1,189,800.00. Following the sale, the director now owns 1,472,970 shares in the company, valued at $116,835,980.40. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,125 shares of company stock valued at $5,158,490. 27.94% of the stock is currently owned by insiders.

Boyd Gaming Stock Performance

Shares of Boyd Gaming stock opened at $69.25 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. The company has a market cap of $5.71 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 4.46 and a beta of 1.31. The company has a 50 day moving average of $68.17 and a 200-day moving average of $71.25. Boyd Gaming Co. has a 1-year low of $49.34 and a 1-year high of $80.50.

Boyd Gaming (NYSE:BYD) last issued its earnings results on Thursday, April 24th. The company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.10. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. The firm had revenue of $991.57 million for the quarter, compared to the consensus estimate of $976.38 million. During the same quarter last year, the business posted $1.51 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. As a group, equities research analysts forecast that Boyd Gaming Co. will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were paid a dividend of $0.18 per share. This is an increase from Boyd Gaming’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, March 17th. This represents a $0.72 annualized dividend and a yield of 1.04%. Boyd Gaming’s payout ratio is presently 11.75%.

Analyst Ratings Changes

BYD has been the topic of several recent research reports. Mizuho reduced their price target on Boyd Gaming from $86.00 to $83.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Jefferies Financial Group upgraded Boyd Gaming from a “hold” rating to a “buy” rating and increased their target price for the stock from $73.00 to $92.00 in a report on Friday, January 3rd. Stifel Nicolaus lowered their price objective on shares of Boyd Gaming from $82.00 to $71.00 and set a “hold” rating on the stock in a report on Friday. Barclays dropped their target price on Boyd Gaming from $78.00 to $73.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Finally, StockNews.com downgraded shares of Boyd Gaming from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 27th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.07.

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.