Insider Selling: Meridian (NASDAQ:MRDN) CEO Sells $50,224.00 in Stock

by · The Markets Daily

Meridian Holdings Inc. (NASDAQ:MRDN – Get Free Report) CEO Anthony Brian Goodman sold 3,650 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $13.76, for a total value of $50,224.00. Following the sale, the chief executive officer directly owned 434,813 shares of the company’s stock, valued at $5,983,026.88. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Anthony Brian Goodman also recently made the following trade(s):

  • On Tuesday, June 23rd, Anthony Brian Goodman sold 5,500 shares of Meridian stock. The shares were sold at an average price of $13.73, for a total value of $75,515.00.
  • On Thursday, June 18th, Anthony Brian Goodman sold 5,000 shares of Meridian stock. The stock was sold at an average price of $13.70, for a total value of $68,500.00.
  • On Monday, June 15th, Anthony Brian Goodman sold 5,000 shares of Meridian stock. The stock was sold at an average price of $14.33, for a total value of $71,650.00.
  • On Friday, June 12th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The shares were sold at an average price of $12.68, for a total transaction of $126,800.00.
  • On Thursday, June 11th, Anthony Brian Goodman sold 9,000 shares of Meridian stock. The shares were sold at an average price of $13.02, for a total transaction of $117,180.00.
  • On Wednesday, June 10th, Anthony Brian Goodman sold 7,000 shares of Meridian stock. The shares were sold at an average price of $13.04, for a total transaction of $91,280.00.
  • On Friday, May 22nd, Anthony Brian Goodman sold 12,196 shares of Meridian stock. The stock was sold at an average price of $10.37, for a total transaction of $126,472.52.
  • On Monday, May 4th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The stock was sold at an average price of $12.75, for a total transaction of $127,500.00.
  • On Monday, April 27th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The shares were sold at an average price of $6.41, for a total transaction of $64,100.00.
  • On Friday, April 24th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The shares were sold at an average price of $6.34, for a total transaction of $63,400.00.

Meridian Trading Up 8.6%

Shares of NASDAQ:MRDN opened at $13.28 on Friday. The company has a market capitalization of $168.26 million, a PE ratio of -1.83 and a beta of 0.67. Meridian Holdings Inc. has a 1 year low of $5.80 and a 1 year high of $22.78. The stock has a fifty day simple moving average of $11.02. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.57 and a quick ratio of 0.48.

Meridian (NASDAQ:MRDN – Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.18 EPS for the quarter. Meridian had a negative net margin of 45.94% and a negative return on equity of 99.65%. The firm had revenue of $50.10 million for the quarter. On average, sell-side analysts forecast that Meridian Holdings Inc. will post 0.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MRDN. Topline Capital Management LLC grew its position in shares of Meridian by 1,072.4% in the third quarter. Topline Capital Management LLC now owns 623,909 shares of the company’s stock valued at $705,000 after purchasing an additional 570,694 shares during the last quarter. Whetstone Capital Advisors LLC acquired a new position in shares of Meridian during the 4th quarter worth about $331,000. Citadel Advisors LLC lifted its position in shares of Meridian by 1,603.2% during the 3rd quarter. Citadel Advisors LLC now owns 206,082 shares of the company’s stock worth $233,000 after purchasing an additional 193,982 shares during the last quarter. Sandhill Capital Partners LLC bought a new stake in Meridian during the 3rd quarter valued at approximately $195,000. Finally, Squarepoint Ops LLC boosted its stake in Meridian by 115.2% during the 3rd quarter. Squarepoint Ops LLC now owns 148,302 shares of the company’s stock valued at $168,000 after purchasing an additional 79,382 shares during the period. Institutional investors and hedge funds own 2.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MRDN shares. Wall Street Zen upgraded Meridian to a “strong-buy” rating in a report on Saturday, May 9th. Weiss Ratings began coverage on Meridian in a report on Tuesday, April 7th. They set a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell” and a consensus price target of $21.60.

Get Our Latest Report on Meridian

About Meridian

(Get Free Report)

Meridian Holdings Inc is engaged in the online gaming and betting business, providing sports betting, online casino, and gaming operations across multiple jurisdictions in Europe, Africa, and Central and South America. The company has three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The MeridianBet Group segment includes retail and online sports betting, casinos, and related gaming operations. The GMAG segment focuses on the resale of third-party gaming content, mainly serving customers in the Asia-Pacific region.

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