Parametric Portfolio Associates LLC Acquires New Holdings in Golden Entertainment Inc (NASDAQ:GDEN)

Parametric Portfolio Associates LLC bought a new stake in shares of Golden Entertainment Inc (NASDAQ:GDEN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,629 shares of the company’s stock, valued at approximately $247,000. Parametric Portfolio Associates LLC owned 0.06% of Golden Entertainment as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of Montreal Can grew its stake in Golden Entertainment by 4,096.7% in the second quarter. Bank of Montreal Can now owns 15,234 shares of the company’s stock worth $213,000 after purchasing an additional 14,871 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Golden Entertainment in the second quarter worth $416,000. Ontario Teachers Pension Plan Board grew its stake in shares of Golden Entertainment by 34.8% in the second quarter. Ontario Teachers Pension Plan Board now owns 38,153 shares of the company’s stock worth $534,000 after acquiring an additional 9,859 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Golden Entertainment by 5.7% during the second quarter. Bank of New York Mellon Corp now owns 74,622 shares of the company’s stock valued at $1,044,000 after purchasing an additional 4,009 shares in the last quarter. Finally, Gabelli Funds LLC lifted its holdings in shares of Golden Entertainment by 0.4% during the second quarter. Gabelli Funds LLC now owns 234,500 shares of the company’s stock valued at $3,283,000 after purchasing an additional 1,000 shares in the last quarter. 53.21% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on GDEN. ValuEngine raised Golden Entertainment from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. started coverage on Golden Entertainment in a report on Wednesday, October 23rd. They issued an “overweight” rating and a $18.00 target price on the stock. Zacks Investment Research downgraded Golden Entertainment from a “hold” rating to a “sell” rating in a report on Friday, August 9th. TheStreet downgraded Golden Entertainment from a “c-” rating to a “d” rating in a report on Monday, September 9th. Finally, BidaskClub raised Golden Entertainment from a “hold” rating to a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $23.00.

NASDAQ GDEN traded up $0.50 during trading on Friday, hitting $16.06. 313,400 shares of the stock traded hands, compared to its average volume of 148,074. Golden Entertainment Inc has a 12-month low of $12.32 and a 12-month high of $20.42. The company has a quick ratio of 1.28, a current ratio of 1.35 and a debt-to-equity ratio of 4.18. The company has a market capitalization of $438.72 million, a P/E ratio of -30.30 and a beta of 1.26. The firm has a 50-day simple moving average of $13.84 and a 200-day simple moving average of $14.02.

Golden Entertainment (NASDAQ:GDEN) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.18). Golden Entertainment had a negative net margin of 5.60% and a negative return on equity of 8.67%. The business had revenue of $243.31 million during the quarter, compared to analyst estimates of $241.69 million. As a group, research analysts predict that Golden Entertainment Inc will post -0.59 EPS for the current fiscal year.

In related news, Director Anthony A. Marnell III purchased 5,900 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average price of $12.87 per share, with a total value of $75,933.00. Following the completion of the acquisition, the director now directly owns 34,579 shares in the company, valued at approximately $445,031.73. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Anthony A. Marnell III purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were bought at an average cost of $13.23 per share, for a total transaction of $132,300.00. Following the acquisition, the director now owns 34,579 shares of the company’s stock, valued at $457,480.17. The disclosure for this purchase can be found here. 36.40% of the stock is currently owned by insiders.

About Golden Entertainment

Golden Entertainment, Inc engages in the development, finance, management, and ownership of casino properties. It operates through the Distributed Gaming and Casinos segments. The Distributed Gaming segment involves in the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery stores, convenience stores, liquor stores, restaurants, bars, and taverns; and the operation of wholly-owned branded taverns targeting local patrons.

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Institutional Ownership by Quarter for Golden Entertainment (NASDAQ:GDEN)

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