Empowered Funds LLC Has $268,000 Stock Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

Empowered Funds LLC grew its stake in Golden Entertainment, Inc. (NASDAQ:GDEN) by 5.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,420 shares of the company’s stock after buying an additional 402 shares during the quarter. Empowered Funds LLC’s holdings in Golden Entertainment were worth $268,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GDEN. The Manufacturers Life Insurance Company boosted its stake in Golden Entertainment by 3.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,499 shares of the company’s stock worth $327,000 after purchasing an additional 355 shares during the period. New York State Teachers Retirement System boosted its position in shares of Golden Entertainment by 6.4% during the third quarter. New York State Teachers Retirement System now owns 8,230 shares of the company’s stock worth $262,000 after buying an additional 494 shares during the period. SummerHaven Investment Management LLC grew its holdings in shares of Golden Entertainment by 3.0% during the second quarter. SummerHaven Investment Management LLC now owns 18,120 shares of the company’s stock worth $564,000 after buying an additional 524 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Golden Entertainment by 17.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,904 shares of the company’s stock valued at $184,000 after buying an additional 892 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in Golden Entertainment in the 2nd quarter valued at approximately $34,000. Institutional investors own 70.73% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mark A. Lipparelli sold 773 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $33.32, for a total transaction of $25,756.36. Following the completion of the sale, the director now owns 82,740 shares in the company, valued at approximately $2,756,896.80. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 29.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on GDEN shares. B. Riley decreased their price target on shares of Golden Entertainment from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. JMP Securities raised their target price on shares of Golden Entertainment from $35.00 to $36.00 and gave the company a “market outperform” rating in a research report on Monday. Truist Financial cut their price target on shares of Golden Entertainment from $38.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, Macquarie decreased their price objective on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.20.

Golden Entertainment Trading Up 0.4 %

Golden Entertainment stock opened at $34.00 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. The stock has a 50-day simple moving average of $31.33 and a 200 day simple moving average of $30.75. The stock has a market capitalization of $932.62 million, a P/E ratio of 27.52 and a beta of 2.24. Golden Entertainment, Inc. has a 52 week low of $27.42 and a 52 week high of $42.14.

Golden Entertainment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.94%. The ex-dividend date is Friday, December 20th. Golden Entertainment’s dividend payout ratio is 80.65%.

Golden Entertainment Company 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.