Meeder Asset Management Inc. Has $78,000 Stock Holdings in Golden Entertainment, Inc. (NASDAQ:GDEN)

Meeder Asset Management Inc. increased its position in Golden Entertainment, Inc. (NASDAQ:GDEN) by 86.0% during the fourth quarter, Holdings Channel reports. The firm owned 2,474 shares of the company’s stock after buying an additional 1,144 shares during the quarter. Meeder Asset Management Inc.’s holdings in Golden Entertainment were worth $78,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in Golden Entertainment by 7.6% during the third quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company’s stock worth $143,000 after purchasing an additional 317 shares during the period. Intech Investment Management LLC bought a new stake in shares of Golden Entertainment during the 4th quarter worth about $288,000. Nisa Investment Advisors LLC grew its stake in Golden Entertainment by 42.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,190 shares of the company’s stock valued at $325,000 after buying an additional 3,037 shares during the last quarter. HighTower Advisors LLC raised its holdings in Golden Entertainment by 1.9% in the 3rd quarter. HighTower Advisors LLC now owns 17,580 shares of the company’s stock valued at $557,000 after acquiring an additional 333 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Golden Entertainment during the fourth quarter worth approximately $608,000. 70.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GDEN. StockNews.com downgraded Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Jefferies Financial Group upped their price objective on Golden Entertainment from $31.00 to $32.00 and gave the company a “hold” rating in a report on Friday, January 3rd. Macquarie reissued an “outperform” rating and set a $40.00 target price on shares of Golden Entertainment in a report on Friday, February 28th. JMP Securities restated a “market outperform” rating and issued a $36.00 price target on shares of Golden Entertainment in a research note on Thursday, January 16th. Finally, Wells Fargo & Company initiated coverage on shares of Golden Entertainment in a research note on Monday, December 16th. They issued an “overweight” rating and a $38.00 price objective for the company. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $36.86.

Golden Entertainment Stock Performance

Shares of Golden Entertainment stock opened at $26.78 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. The company has a market cap of $709.96 million, a PE ratio of 21.60 and a beta of 2.29. The company has a 50 day moving average of $30.54 and a 200-day moving average of $31.34. Golden Entertainment, Inc. has a 1-year low of $25.17 and a 1-year high of $36.70.

Golden Entertainment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Friday, March 21st. Golden Entertainment’s dividend payout ratio (DPR) is presently 59.88%.

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.