Zeke Capital Advisors LLC Has $1.74 Million Holdings in Golden Entertainment Inc (NASDAQ:GDEN)

Zeke Capital Advisors LLC cut its stake in Golden Entertainment Inc (NASDAQ:GDEN) by 88.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,000 shares of the company’s stock after selling 983,000 shares during the period. Zeke Capital Advisors LLC owned about 0.45% of Golden Entertainment worth $1,736,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Legal & General Group Plc raised its holdings in shares of Golden Entertainment by 25.2% in the 4th quarter. Legal & General Group Plc now owns 3,397 shares of the company’s stock worth $54,000 after buying an additional 684 shares in the last quarter. Rhumbline Advisers grew its position in Golden Entertainment by 3.7% during the 1st quarter. Rhumbline Advisers now owns 23,968 shares of the company’s stock worth $339,000 after acquiring an additional 865 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in Golden Entertainment by 35.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 8,586 shares of the company’s stock worth $122,000 after acquiring an additional 2,244 shares during the last quarter. Quantamental Technologies LLC grew its position in Golden Entertainment by 165.3% during the 1st quarter. Quantamental Technologies LLC now owns 4,510 shares of the company’s stock worth $64,000 after acquiring an additional 2,810 shares during the last quarter. Finally, BNP Paribas Arbitrage SA bought a new stake in Golden Entertainment during the 1st quarter worth approximately $54,000. 57.19% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on the company. BidaskClub upgraded Golden Entertainment from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. Zacks Investment Research upgraded Golden Entertainment from a “strong sell” rating to a “hold” rating in a research report on Monday, July 15th. Finally, ValuEngine upgraded Golden Entertainment from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Golden Entertainment currently has a consensus rating of “Buy” and a consensus target price of $24.67.

NASDAQ GDEN traded down $0.17 during trading hours on Friday, reaching $13.73. 75,176 shares of the company’s stock were exchanged, compared to its average volume of 117,885. The company has a market cap of $385.73 million, a PE ratio of -25.91 and a beta of 1.29. Golden Entertainment Inc has a one year low of $12.46 and a one year high of $29.72. The business’s fifty day simple moving average is $14.20. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.20 and a current ratio of 1.26.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.24). The business had revenue of $239.89 million for the quarter, compared to the consensus estimate of $240.47 million. Golden Entertainment had a negative return on equity of 6.47% and a negative net margin of 3.75%. On average, equities analysts forecast that Golden Entertainment Inc will post -0.08 earnings per share for the current fiscal year.

In other news, Director Anthony A. Marnell III acquired 6,800 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were purchased at an average cost of $13.33 per share, for a total transaction of $90,644.00. Following the transaction, the director now owns 28,679 shares of the company’s stock, valued at $382,291.07. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Anthony A. Marnell III acquired 10,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was purchased at an average price of $13.50 per share, for a total transaction of $135,000.00. Following the completion of the transaction, the director now directly owns 21,879 shares in the company, valued at approximately $295,366.50. The disclosure for this purchase can be found here. Insiders acquired a total of 27,800 shares of company stock worth $377,254 over the last quarter. Corporate insiders own 36.40% of the company’s stock.

Golden Entertainment Company 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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