Meridian Holdings Inc. (NASDAQ:MRDN – Get Free Report) CEO Anthony Brian Goodman sold 5,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $13.70, for a total value of $68,500.00. Following the completion of the sale, the chief executive officer directly owned 438,463 shares of the company’s stock, valued at approximately $6,006,943.10. This trade represents a 1.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
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 Monday, June 22nd, Anthony Brian Goodman sold 3,650 shares of Meridian stock. The shares were sold at an average price of $13.76, for a total transaction of $50,224.00.
- 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 transaction of $126,800.00.
- On Thursday, June 11th, Anthony Brian Goodman sold 9,000 shares of Meridian stock. The shares were sold at an average price of $13.02, for a total transaction of $117,180.00.
- On Wednesday, June 10th, Anthony Brian Goodman sold 7,000 shares of Meridian stock. The stock was 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 stock was 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%
Shares of NASDAQ MRDN traded up $0.01 during mid-day trading on Wednesday, reaching $13.22. 56,920 shares of the company’s stock were exchanged, compared to its average volume of 38,773. Meridian Holdings Inc. has a twelve month low of $5.80 and a twelve month high of $22.78. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.57 and a quick ratio of 0.48. The stock has a market capitalization of $167.48 million, a price-to-earnings ratio of -1.82 and a beta of 0.67. The firm’s fifty day moving average is $10.65.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on MRDN. Weiss Ratings assumed coverage on shares of Meridian in a research note on Tuesday, April 7th. They issued a “sell (e+)” rating for the company. Wall Street Zen upgraded shares of Meridian to a “strong-buy” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Meridian has a consensus rating of “Sell” and a consensus target price of $21.60.
View Our Latest Stock Analysis on Meridian
Hedge Funds Weigh In On Meridian
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MRDN. Marshall Wace LLP acquired a new position in shares of Meridian in the second quarter valued at $57,000. Topline Capital Management LLC bought a new stake in shares of Meridian during the 2nd quarter worth about $90,000. Marex Group plc acquired a new position in Meridian in the 2nd quarter valued at about $26,000. Sandhill Capital Partners LLC bought a new position in Meridian in the 3rd quarter valued at about $195,000. Finally, Squarepoint Ops LLC raised its holdings in Meridian by 115.2% in the 3rd quarter. Squarepoint Ops LLC now owns 148,302 shares of the company’s stock valued at $168,000 after acquiring an additional 79,382 shares during the period. 2.74% of the stock is owned by institutional investors.
Meridian Company Profile
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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