Golden Entertainment, Inc. (NASDAQ:GDEN) Short Interest Update
by Jessica Moore · The Cerbat GemGolden Entertainment, Inc. (NASDAQ:GDEN – Get Free Report) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 708,028 shares, a decrease of 17.2% from the November 30th total of 855,088 shares. Approximately 3.8% of the company’s shares are short sold. Based on an average daily volume of 322,238 shares, the days-to-cover ratio is currently 2.2 days. Based on an average daily volume of 322,238 shares, the days-to-cover ratio is currently 2.2 days. Approximately 3.8% of the company’s shares are short sold.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on GDEN shares. Weiss Ratings restated a “sell (d+)” rating on shares of Golden Entertainment in a research report on Monday. Zacks Research raised shares of Golden Entertainment from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Citizens Jmp lowered shares of Golden Entertainment from a “market outperform” rating to a “hold” rating in a report on Friday, November 7th. JMP Securities dropped their price objective on Golden Entertainment from $35.00 to $34.00 and set a “market outperform” rating on the stock in a research note on Tuesday, September 16th. Finally, Wells Fargo & Company reiterated a “sell” rating and set a $30.00 target price (down from $34.00) on shares of Golden Entertainment in a report on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $32.60.
Get Our Latest Stock Analysis on GDEN
Hedge Funds Weigh In On Golden Entertainment
Institutional investors have recently added to or reduced their stakes in the company. Trexquant Investment LP raised its position in Golden Entertainment by 419.9% during the first quarter. Trexquant Investment LP now owns 42,198 shares of the company’s stock worth $1,114,000 after acquiring an additional 34,081 shares in the last quarter. State of Wyoming increased its stake in shares of Golden Entertainment by 24.5% during the 1st quarter. State of Wyoming now owns 10,662 shares of the company’s stock worth $281,000 after purchasing an additional 2,098 shares during the last quarter. 1060 Capital LLC raised its holdings in shares of Golden Entertainment by 328.6% in the 1st quarter. 1060 Capital LLC now owns 300,000 shares of the company’s stock valued at $7,917,000 after purchasing an additional 230,000 shares during the period. Jane Street Group LLC lifted its stake in Golden Entertainment by 22.9% in the 1st quarter. Jane Street Group LLC now owns 34,913 shares of the company’s stock valued at $921,000 after purchasing an additional 6,498 shares during the last quarter. Finally, Strs Ohio bought a new stake in Golden Entertainment in the first quarter valued at approximately $298,000. 70.73% of the stock is currently owned by institutional investors and hedge funds.
Golden Entertainment Stock Down 0.0%
Shares of NASDAQ:GDEN traded down $0.01 during mid-day trading on Thursday, reaching $27.19. 142,978 shares of the stock were exchanged, compared to its average volume of 254,252. Golden Entertainment has a one year low of $19.57 and a one year high of $35.49. The company has a quick ratio of 1.02, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. The stock’s 50 day simple moving average is $27.06 and its 200-day simple moving average is $26.52. The company has a market cap of $711.83 million, a P/E ratio of 151.06 and a beta of 1.52.
Golden Entertainment (NASDAQ:GDEN – Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.10). Golden Entertainment had a return on equity of 1.20% and a net margin of 0.85%.The business had revenue of $154.82 million for the quarter, compared to the consensus estimate of $157.21 million. As a group, equities research analysts predict that Golden Entertainment will post 0.2 EPS for the current year.
Golden Entertainment Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, December 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.7%. Golden Entertainment’s dividend payout ratio is currently 555.56%.
Golden Entertainment Company Profile
Golden Entertainment, Inc is a diversified gaming and hospitality company that operates in the casino, tavern-casino and slot route markets. The company’s core activities encompass the ownership and management of full-service resort casinos, a portfolio of branded neighborhood tavern-casinos and a large slot distribution network. Headquartered in Summerlin, Nevada, Golden Entertainment serves leisure and local gaming customers across multiple Western U.S. markets.
In its casino and tavern-casino segment, Golden Entertainment owns and operates properties such as Bronco Billy’s Casino & Hotel in Cripple Creek, Colorado, along with a collection of PT’s branded venues throughout Southern Nevada.