Gratia Capital LLC Has $4.19 Million Holdings in Boyd Gaming Co. (NYSE:BYD)

Gratia Capital LLC lessened its position in Boyd Gaming Co. (NYSE:BYD) by 37.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,795 shares of the company’s stock after selling 33,952 shares during the quarter. Boyd Gaming makes up about 4.1% of Gratia Capital LLC’s holdings, making the stock its 11th biggest holding. Gratia Capital LLC owned 0.07% of Boyd Gaming worth $4,192,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BYD. UMB Bank n.a. boosted its holdings 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 worth $29,000 after purchasing an additional 175 shares during the period. GAMMA Investing LLC lifted its position in Boyd Gaming by 47.4% in the 4th quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock worth $33,000 after buying an additional 148 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Boyd Gaming during the 3rd quarter valued at $64,000. Golden State Wealth Management LLC purchased a new position in shares of Boyd Gaming during the 4th quarter valued at $67,000. Finally, Investment Counsel Co. of Nevada acquired a new position in shares of Boyd Gaming in the fourth quarter worth $73,000. 76.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Boyd Gaming

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

Boyd Gaming Stock Up 4.5 %

Shares of BYD opened at $69.02 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85. The company has a 50-day moving average price of $68.38 and a two-hundred day moving average price of $71.15. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 11.10, a P/E/G ratio of 4.46 and a beta of 1.31. Boyd Gaming Co. has a 12 month low of $49.34 and a 12 month high of $80.50.

Boyd Gaming (NYSE:BYD) last posted its earnings results on Thursday, April 24th. The company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.52 by $0.10. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. The business had revenue of $991.57 million during the quarter, compared to the consensus estimate of $976.38 million. Equities analysts predict that Boyd Gaming Co. will post 6.52 EPS for the current fiscal year.

Boyd Gaming Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. StockNews.com lowered Boyd Gaming from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. increased their price objective on Boyd Gaming from $74.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Macquarie reiterated a “neutral” rating and issued a $74.00 target price on shares of Boyd Gaming in a research note on Friday. Wells Fargo & Company increased their price target on shares of Boyd Gaming from $82.00 to $88.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Finally, Mizuho decreased their price objective on shares of Boyd Gaming from $86.00 to $83.00 and set an “outperform” rating for the company in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Boyd Gaming 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.