Jennison Associates LLC Purchases 25,355 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

Jennison Associates LLC boosted its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 414,810 shares of the company’s stock after purchasing an additional 25,355 shares during the period. Jennison Associates LLC’s holdings in Golden Entertainment were worth $16,563,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL grew its holdings in Golden Entertainment by 156.8% during the 3rd quarter. Gamco Investors INC. ET AL now owns 609,050 shares of the company’s stock valued at $20,817,000 after purchasing an additional 371,850 shares during the last quarter. New York State Common Retirement Fund grew its stake in Golden Entertainment by 9.4% in the 3rd quarter. New York State Common Retirement Fund now owns 359,728 shares of the company’s stock worth $12,296,000 after acquiring an additional 30,804 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Golden Entertainment in the 3rd quarter worth about $851,000. Swiss National Bank grew its stake in Golden Entertainment by 1.1% in the 3rd quarter. Swiss National Bank now owns 47,600 shares of the company’s stock worth $1,627,000 after acquiring an additional 500 shares in the last quarter. Finally, Gabelli Funds LLC grew its stake in Golden Entertainment by 13.4% in the 3rd quarter. Gabelli Funds LLC now owns 150,872 shares of the company’s stock worth $5,157,000 after acquiring an additional 17,872 shares in the last quarter. 70.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GDEN has been the topic of a number of research analyst reports. Truist Financial dropped their target price on shares of Golden Entertainment from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday. StockNews.com downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. Finally, JMP Securities dropped their target price on shares of Golden Entertainment from $48.00 to $45.00 and set a “market outperform” rating on the stock in a research note on Friday, March 1st.

Golden Entertainment Price Performance

Shares of GDEN opened at $33.22 on Friday. The company has a 50 day moving average price of $35.03 and a 200-day moving average price of $36.58. Golden Entertainment, Inc. has a fifty-two week low of $30.38 and a fifty-two week high of $47.49. The stock has a market capitalization of $961.72 million, a PE ratio of 4.01 and a beta of 2.25. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.30 and a current ratio of 2.35.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.07). Golden Entertainment had a return on equity of 6.40% and a net margin of 24.28%. The business had revenue of $230.69 million during the quarter, compared to analysts’ expectations of $228.75 million. Equities analysts predict that Golden Entertainment, Inc. will post 1.21 earnings per share for the current fiscal year.

Golden Entertainment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Monday, March 18th were given a $0.25 dividend. The ex-dividend date was Friday, March 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.01%. Golden Entertainment’s payout ratio is presently 12.08%.

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.