New York State Common Retirement Fund Acquires 19,587 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

New York State Common Retirement Fund grew its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN) by 5.4% during the 4th quarter, Holdings Channel reports. The fund owned 384,739 shares of the company’s stock after buying an additional 19,587 shares during the period. New York State Common Retirement Fund’s holdings in Golden Entertainment were worth $12,158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. DAVENPORT & Co LLC increased its stake in shares of Golden Entertainment by 26.6% in the 4th quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company’s stock worth $40,864,000 after purchasing an additional 271,782 shares in the last quarter. Systematic Financial Management LP grew its holdings in Golden Entertainment by 24.5% during the third quarter. Systematic Financial Management LP now owns 352,227 shares of the company’s stock valued at $11,197,000 after purchasing an additional 69,207 shares during the period. Charles Schwab Investment Management Inc. increased its position in Golden Entertainment by 16.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 278,709 shares of the company’s stock worth $8,860,000 after buying an additional 38,385 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Golden Entertainment in the third quarter worth about $875,000. Finally, Geode Capital Management LLC lifted its position in shares of Golden Entertainment by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 587,006 shares of the company’s stock valued at $18,664,000 after buying an additional 24,264 shares in the last quarter. Hedge funds and other institutional investors own 70.73% of the company’s stock.

Insider Transactions at Golden Entertainment

In related news, Director Terrence Wright sold 16,586 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $31.26, for a total transaction of $518,478.36. Following the sale, the director now owns 61,616 shares of the company’s stock, valued at $1,926,116.16. This represents a 21.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 29.10% of the company’s stock.

Golden Entertainment Price Performance

NASDAQ:GDEN opened at $31.57 on Tuesday. The business’s 50-day moving average is $32.29 and its 200 day moving average is $31.88. Golden Entertainment, Inc. has a 12 month low of $27.42 and a 12 month high of $37.30. The company has a market capitalization of $865.93 million, a P/E ratio of 25.46 and a beta of 2.21. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. JMP Securities reissued a “market outperform” rating and issued a $36.00 target price on shares of Golden Entertainment in a report on Thursday, January 16th. Jefferies Financial Group raised their price objective on shares of Golden Entertainment from $31.00 to $32.00 and gave the company a “hold” rating in a research report on Friday, January 3rd. Wells Fargo & Company initiated coverage on shares of Golden Entertainment in a report on Monday, December 16th. They issued an “overweight” rating and a $38.00 target price for the company. StockNews.com raised Golden Entertainment from a “hold” rating to a “buy” rating in a report on Thursday, February 20th. Finally, Macquarie lowered their price objective on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.57.

Golden Entertainment 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.