SummerHaven Investment Management LLC Has $802,000 Stock Position in Golden Entertainment, Inc. $GDEN

SummerHaven Investment Management LLC increased its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 2.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,250 shares of the company’s stock after purchasing an additional 544 shares during the quarter. SummerHaven Investment Management LLC owned approximately 0.10% of Golden Entertainment worth $802,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue increased its position in shares of Golden Entertainment by 3.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 11,792 shares of the company’s stock worth $346,000 after purchasing an additional 397 shares in the last quarter. Parallel Advisors LLC acquired a new stake in shares of Golden Entertainment during the 2nd quarter worth about $35,000. Strs Ohio acquired a new stake in shares of Golden Entertainment during the 1st quarter worth about $298,000. Jane Street Group LLC increased its position in shares of Golden Entertainment by 22.9% during the 1st quarter. Jane Street Group LLC now owns 34,913 shares of the company’s stock worth $921,000 after purchasing an additional 6,498 shares in the last quarter. Finally, 1060 Capital LLC grew its holdings in Golden Entertainment by 328.6% during the 1st quarter. 1060 Capital LLC now owns 300,000 shares of the company’s stock worth $7,917,000 after acquiring an additional 230,000 shares during the last quarter. Institutional investors and hedge funds own 70.73% of the company’s stock.

Analyst Upgrades and Downgrades

GDEN has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price objective on shares of Golden Entertainment from $36.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, August 12th. JMP Securities decreased their price objective on shares of Golden Entertainment from $35.00 to $34.00 and set a “market outperform” rating on the stock in a report on Tuesday, September 16th. Truist Financial lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $36.00 to $34.00 in a report on Wednesday, July 16th. Citigroup reissued an “outperform” rating on shares of Golden Entertainment in a report on Tuesday, September 16th. Finally, Macquarie decreased their price objective on shares of Golden Entertainment from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

Golden Entertainment Stock Up 1.5%

Shares of NASDAQ GDEN opened at $23.19 on Monday. The firm’s 50-day moving average is $25.63 and its 200-day moving average is $27.02. Golden Entertainment, Inc. has a 1 year low of $22.66 and a 1 year high of $35.49. The firm has a market capitalization of $606.65 million, a PE ratio of 42.95 and a beta of 1.65. The company has a current ratio of 1.12, a quick ratio of 1.03 and a debt-to-equity ratio of 0.95.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. Golden Entertainment had a net margin of 2.35% and a return on equity of 3.23%. The business had revenue of $163.62 million for the quarter, compared to analyst estimates of $169.70 million. Equities analysts expect that Golden Entertainment, Inc. will post 0.2 EPS for the current year.

Golden Entertainment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Thursday, September 25th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.00 annualized dividend and a yield of 4.3%. Golden Entertainment’s dividend payout ratio (DPR) is presently 185.19%.

Golden Entertainment Profile

Golden Entertainment, Inc owns and operates a diversified entertainment platform in the United States. The company operates through four segments; Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. It also operates casino, casino resorts, and taverns; and slot machines in third party non-casino locations.