Golden Entertainment Inc (GDEN) Shares Bought by Penn Capital Management Co. Inc.

Penn Capital Management Co. Inc. grew its position in Golden Entertainment Inc (NASDAQ:GDEN) by 21.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,065,427 shares of the company’s stock after purchasing an additional 191,451 shares during the quarter. Golden Entertainment comprises approximately 1.5% of Penn Capital Management Co. Inc.’s investment portfolio, making the stock its 5th biggest holding. Penn Capital Management Co. Inc.’s holdings in Golden Entertainment were worth $15,086,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Intrinsic Edge Capital Management LLC purchased a new stake in shares of Golden Entertainment during the fourth quarter valued at $8,134,000. 1060 Capital LLC purchased a new stake in shares of Golden Entertainment during the fourth quarter valued at $5,023,000. New York State Common Retirement Fund grew its holdings in shares of Golden Entertainment by 80.5% during the fourth quarter. New York State Common Retirement Fund now owns 411,205 shares of the company’s stock valued at $6,588,000 after buying an additional 183,384 shares during the last quarter. Nantahala Capital Management LLC grew its holdings in shares of Golden Entertainment by 5.0% during the fourth quarter. Nantahala Capital Management LLC now owns 2,527,713 shares of the company’s stock valued at $40,494,000 after buying an additional 121,415 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Golden Entertainment during the fourth quarter valued at $1,161,000. 66.83% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:GDEN opened at $13.75 on Friday. Golden Entertainment Inc has a one year low of $13.00 and a one year high of $34.45. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.80 and a current ratio of 1.26.

Golden Entertainment (NASDAQ:GDEN) last posted its quarterly earnings results on Thursday, March 14th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.68). Golden Entertainment had a negative net margin of 3.75% and a negative return on equity of 6.47%. The business had revenue of $210.13 million during the quarter, compared to analysts’ expectations of $208.98 million.

A number of brokerages have recently weighed in on GDEN. BidaskClub lowered shares of Golden Entertainment from a “sell” rating to a “strong sell” rating in a report on Saturday, May 4th. ValuEngine raised shares of Golden Entertainment from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Deutsche Bank dropped their price objective on shares of Golden Entertainment from $38.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, March 15th. Finally, Zacks Investment Research lowered shares of Golden Entertainment from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 19th. Two analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.67.

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Golden Entertainment Profile

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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