Dynamic Technology Lab Private Ltd Has $1.08 Million Position in Boyd Gaming Co. (NYSE:BYD)

Dynamic Technology Lab Private Ltd cut its holdings in Boyd Gaming Co. (NYSE:BYD) by 51.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,940 shares of the company’s stock after selling 15,718 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Boyd Gaming were worth $1,084,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its stake in shares of Boyd Gaming by 22.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 18,910 shares of the company’s stock valued at $1,223,000 after purchasing an additional 3,480 shares during the last quarter. Townsquare Capital LLC acquired a new stake in shares of Boyd Gaming in the third quarter worth about $200,000. Edgestream Partners L.P. bought a new stake in shares of Boyd Gaming during the 3rd quarter worth about $315,000. Quarry LP increased its holdings in shares of Boyd Gaming by 150.1% during the 3rd quarter. Quarry LP now owns 873 shares of the company’s stock valued at $56,000 after acquiring an additional 524 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Boyd Gaming by 53.3% in the 3rd quarter. Quantinno Capital Management LP now owns 106,651 shares of the company’s stock valued at $6,895,000 after acquiring an additional 37,059 shares in the last quarter. 76.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

BYD has been the subject of a number of recent analyst reports. JMP Securities reiterated a “market perform” rating on shares of Boyd Gaming in a report on Friday, February 7th. Morgan Stanley downgraded shares of Boyd Gaming from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $82.00 to $81.00 in a report on Monday, February 24th. Wells Fargo & Company upped their price target on shares of Boyd Gaming from $82.00 to $88.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Argus upgraded Boyd Gaming from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Tuesday, December 17th. Finally, Stifel Nicolaus raised their target price on Boyd Gaming from $74.00 to $82.00 and gave the company a “hold” rating in a report on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Boyd Gaming presently has an average rating of “Moderate Buy” and an average target price of $95.00.

Boyd Gaming Price Performance

NYSE:BYD opened at $61.81 on Friday. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 4.46 and a beta of 1.55. The company has a 50-day moving average of $72.67 and a 200-day moving average of $71.12. Boyd Gaming Co. has a 52 week low of $49.34 and a 52 week high of $80.50. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82.

Boyd Gaming (NYSE:BYD) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.21. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. As a group, equities research analysts anticipate that Boyd Gaming Co. will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.18 per share. This is a positive change from Boyd Gaming’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 1.16%. The ex-dividend date is Monday, March 17th. Boyd Gaming’s dividend payout ratio is currently 11.58%.

Insider Activity

In other news, Chairman Marianne Boyd Johnson sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $77.68, for a total value of $3,884,000.00. Following the transaction, the chairman now directly owns 1,346,628 shares of the company’s stock, valued at $104,606,063.04. The trade was a 3.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William R. Boyd sold 15,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $79.32, for a total value of $1,189,800.00. Following the sale, the director now owns 1,472,970 shares in the company, valued at approximately $116,835,980.40. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,125 shares of company stock worth $5,158,490. Corporate insiders own 21.97% of the company’s stock.

About Boyd Gaming

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.