Meridian (NASDAQ:MRDN) CEO Anthony Brian Goodman Sells 3,650 Shares

Meridian Holdings Inc. (NASDAQ:MRDNGet Free Report) CEO Anthony Brian Goodman sold 3,650 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $13.76, for a total transaction of $50,224.00. Following the transaction, the chief executive officer owned 434,813 shares in the company, valued at approximately $5,983,026.88. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

Meridian Trading Up 0.1%

MRDN stock opened at $13.22 on Thursday. The stock has a market capitalization of $167.50 million, a PE ratio of -1.82 and a beta of 0.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.48 and a current ratio of 0.57. The stock has a fifty day simple moving average of $10.78. Meridian Holdings Inc. has a 1-year low of $5.80 and a 1-year high of $22.78.

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

Hedge Funds Weigh In On Meridian

Large investors have recently made changes to their positions in the stock. Marex Group plc purchased a new position in shares of Meridian in the second quarter valued at $26,000. Virtu Financial LLC purchased a new stake in Meridian during the 3rd quarter worth about $33,000. Continuum Advisory LLC lifted its holdings in Meridian by 375.0% during the 4th quarter. Continuum Advisory LLC now owns 57,000 shares of the company’s stock worth $46,000 after purchasing an additional 45,000 shares in the last quarter. Marshall Wace LLP bought a new position in Meridian in the 2nd quarter worth about $57,000. Finally, Deutsche Bank AG boosted its stake in Meridian by 224.4% in the 4th quarter. Deutsche Bank AG now owns 94,695 shares of the company’s stock worth $76,000 after purchasing an additional 65,501 shares during the period. 2.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MRDN. Weiss Ratings assumed coverage on shares of Meridian in a report on Tuesday, April 7th. They set a “sell (e+)” rating for the company. Wall Street Zen upgraded shares of Meridian to a “strong-buy” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Meridian has an average rating of “Sell” and a consensus target price of $21.60.

View Our Latest Stock Report on MRDN

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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