Linden Thomas Advisory Services LLC Boosts Holdings in Boyd Gaming Co. (NYSE:BYD)

Linden Thomas Advisory Services LLC lifted its stake in Boyd Gaming Co. (NYSE:BYD) by 2.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 18,408 shares of the company’s stock after buying an additional 411 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Boyd Gaming were worth $1,335,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Cetera Trust Company N.A raised its position in shares of Boyd Gaming by 6.2% in the 4th quarter. Cetera Trust Company N.A now owns 3,535 shares of the company’s stock worth $256,000 after purchasing an additional 205 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. raised its position in Boyd Gaming by 900.0% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 10,000 shares of the company’s stock worth $725,000 after buying an additional 9,000 shares during the last quarter. UMB Bank n.a. raised its position in Boyd Gaming by 80.3% in the 4th quarter. UMB Bank n.a. now owns 393 shares of the company’s stock worth $29,000 after buying an additional 175 shares during the last quarter. Aaron Wealth Advisors LLC purchased a new position in Boyd Gaming in the 4th quarter worth about $265,000. Finally, Kera Capital Partners Inc. purchased a new position in Boyd Gaming in the 4th quarter worth about $220,000. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Boyd Gaming Trading Down 0.1 %

Shares of NYSE:BYD opened at $75.34 on Friday. The stock has a 50 day moving average of $73.21 and a 200 day moving average of $66.23. The company has a market cap of $6.66 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 4.21 and a beta of 1.54. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. Boyd Gaming Co. has a 12-month low of $49.34 and a 12-month high of $76.73.

Boyd Gaming Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.90%. Boyd Gaming’s dividend payout ratio (DPR) is presently 12.98%.

Boyd Gaming declared that its board has authorized a stock buyback program on Thursday, December 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 7.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have weighed in on BYD. Wells Fargo & Company boosted their target price on Boyd Gaming from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Argus raised Boyd Gaming from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Tuesday, December 17th. StockNews.com raised Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Truist Financial upped their price target on shares of Boyd Gaming from $77.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group raised shares of Boyd Gaming from a “hold” rating to a “buy” rating and upped their price target for the company from $73.00 to $92.00 in a research report on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Boyd Gaming has an average rating of “Moderate Buy” and a consensus target price of $92.80.

Insider Activity at Boyd Gaming

In other Boyd Gaming news, CEO Keith Smith sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.49, for a total value of $2,939,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,161,202 shares in the company, valued at $85,336,734.98. This represents a 3.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William R. Boyd sold 25,155 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $69.35, for a total value of $1,744,499.25. Following the completion of the transaction, the director now owns 1,487,970 shares of the company’s stock, valued at $103,190,719.50. The trade was a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,364 shares of company stock worth $10,590,893. 27.94% of the stock is owned by company insiders.

Boyd Gaming Company Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.