Stanley Laman Group Ltd. Sells 1,170 Shares of Boyd Gaming Co. (NYSE:BYD)

Stanley Laman Group Ltd. reduced its position in Boyd Gaming Co. (NYSE:BYD) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 45,021 shares of the company’s stock after selling 1,170 shares during the period. Stanley Laman Group Ltd.’s holdings in Boyd Gaming were worth $2,819,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in BYD. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Boyd Gaming by 885.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,657,441 shares of the company’s stock valued at $100,822,000 after acquiring an additional 1,489,240 shares in the last quarter. HG Vora Capital Management LLC raised its holdings in Boyd Gaming by 12.5% in the third quarter. HG Vora Capital Management LLC now owns 2,250,000 shares of the company’s stock worth $136,868,000 after purchasing an additional 250,000 shares in the last quarter. American Century Companies Inc. raised its holdings in Boyd Gaming by 40.5% in the third quarter. American Century Companies Inc. now owns 824,200 shares of the company’s stock worth $50,136,000 after purchasing an additional 237,525 shares in the last quarter. International Assets Investment Management LLC bought a new position in Boyd Gaming in the fourth quarter worth about $117,720,000. Finally, Vanguard Group Inc. raised its holdings in Boyd Gaming by 2.1% in the third quarter. Vanguard Group Inc. now owns 7,980,306 shares of the company’s stock worth $485,442,000 after purchasing an additional 167,849 shares in the last quarter. 76.81% of the stock is currently owned by institutional investors.

Boyd Gaming Stock Performance

Boyd Gaming stock traded down $9.71 during mid-day trading on Friday, hitting $53.18. The company had a trading volume of 6,822,882 shares, compared to its average volume of 812,057. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. Boyd Gaming Co. has a 12-month low of $52.42 and a 12-month high of $73.00. The company’s fifty day moving average is $63.98 and its 200-day moving average is $62.01. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 8.72, a P/E/G ratio of 2.98 and a beta of 1.60.

Boyd Gaming (NYSE:BYD) last released its quarterly earnings data on Thursday, February 8th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.43 by $0.23. Boyd Gaming had a return on equity of 36.97% and a net margin of 16.58%. The business had revenue of $954.41 million for the quarter, compared to analyst estimates of $928.04 million. During the same quarter in the prior year, the firm posted $1.72 EPS. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities research analysts predict that Boyd Gaming Co. will post 6.19 EPS for the current year.

Boyd Gaming Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.28%. The ex-dividend date was Thursday, March 14th. This is a positive change from Boyd Gaming’s previous quarterly dividend of $0.16. Boyd Gaming’s dividend payout ratio is currently 11.15%.

Analyst Ratings Changes

BYD has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft downgraded shares of Boyd Gaming from a “buy” rating to a “hold” rating and reduced their target price for the stock from $78.00 to $71.00 in a report on Friday. StockNews.com upgraded shares of Boyd Gaming from a “hold” rating to a “buy” rating in a report on Wednesday, January 24th. Truist Financial reduced their target price on shares of Boyd Gaming from $80.00 to $75.00 and set a “buy” rating for the company in a report on Friday. Mizuho dropped their price target on Boyd Gaming from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Stifel Nicolaus dropped their price target on Boyd Gaming from $71.00 to $65.00 and set a “hold” rating on the stock in a research note on Friday. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $72.20.

Insiders Place Their Bets

In other Boyd Gaming news, major shareholder William S. Boyd sold 125,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $63.77, for a total value of $7,971,250.00. Following the sale, the insider now owns 9,358,913 shares in the company, valued at approximately $596,817,882.01. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, major shareholder William S. Boyd sold 125,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $63.77, for a total transaction of $7,971,250.00. Following the completion of the transaction, the insider now directly owns 9,358,913 shares of the company’s stock, valued at approximately $596,817,882.01. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder William S. Boyd sold 63,464 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $63.12, for a total value of $4,005,847.68. Following the transaction, the insider now directly owns 8,795,449 shares of the company’s stock, valued at $555,168,740.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 582,910 shares of company stock worth $37,299,461. Corporate insiders own 27.94% of the company’s stock.

Boyd Gaming Company 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.