MML Investors Services LLC Has $2.02 Million Holdings in Golden Entertainment, Inc. (NASDAQ:GDEN)

MML Investors Services LLC boosted its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 29.1% in the third quarter, Holdings Channel reports. The fund owned 63,449 shares of the company’s stock after acquiring an additional 14,293 shares during the period. MML Investors Services LLC’s holdings in Golden Entertainment were worth $2,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of GDEN. Innealta Capital LLC acquired a new position in shares of Golden Entertainment during the 2nd quarter worth about $34,000. nVerses Capital LLC bought a new position in Golden Entertainment in the 2nd quarter worth approximately $37,000. Meeder Asset Management Inc. acquired a new position in shares of Golden Entertainment during the third quarter worth approximately $42,000. Quarry LP bought a new stake in shares of Golden Entertainment in the second quarter valued at approximately $52,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Golden Entertainment in the second quarter worth $54,000. 70.73% of the stock is currently owned by institutional investors.

Golden Entertainment Stock Up 0.5 %

NASDAQ GDEN opened at $33.36 on Tuesday. Golden Entertainment, Inc. has a 1-year low of $27.42 and a 1-year high of $41.98. The company has a market capitalization of $915.03 million, a price-to-earnings ratio of 26.90 and a beta of 2.22. The stock’s 50 day moving average is $31.86 and its two-hundred day moving average is $31.09. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75.

Golden Entertainment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Friday, December 20th. Golden Entertainment’s dividend payout ratio (DPR) is 80.65%.

Wall Street Analysts Forecast Growth

GDEN has been the subject of several research analyst reports. StockNews.com upgraded shares of Golden Entertainment from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Wells Fargo & Company initiated coverage on shares of Golden Entertainment in a research note on Monday. They issued an “overweight” rating and a $38.00 target price for the company. JMP Securities boosted their price target on Golden Entertainment from $35.00 to $36.00 and gave the company a “market outperform” rating in a research note on Monday, November 25th. Truist Financial reduced their price objective on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, B. Riley lowered their price objective on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $37.33.

Insiders Place Their Bets

In other news, Director Mark A. Lipparelli sold 773 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $33.32, for a total value of $25,756.36. Following the sale, the director now owns 82,740 shares of the company’s stock, valued at approximately $2,756,896.80. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 29.10% of the company’s stock.

About Golden Entertainment

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.