1,350,000 Shares in Golden Entertainment Inc (GDEN) Purchased by Park West Asset Management LLC

Park West Asset Management LLC acquired a new position in shares of Golden Entertainment Inc (NASDAQ:GDEN) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 1,350,000 shares of the company’s stock, valued at approximately $31,361,000. Golden Entertainment accounts for approximately 1.4% of Park West Asset Management LLC’s investment portfolio, making the stock its 25th biggest position.

Several other large investors have also recently made changes to their positions in the company. California State Teachers Retirement System grew its holdings in shares of Golden Entertainment by 62.5% during the 1st quarter. California State Teachers Retirement System now owns 27,087 shares of the company’s stock worth $629,000 after purchasing an additional 10,422 shares in the last quarter. Barclays PLC grew its holdings in shares of Golden Entertainment by 397.3% during the 1st quarter. Barclays PLC now owns 9,932 shares of the company’s stock worth $230,000 after purchasing an additional 7,935 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Golden Entertainment by 60.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 13,496 shares of the company’s stock worth $313,000 after purchasing an additional 5,060 shares in the last quarter. A.R.T. Advisors LLC acquired a new stake in shares of Golden Entertainment during the 1st quarter worth approximately $854,000. Finally, MetLife Investment Advisors LLC grew its holdings in shares of Golden Entertainment by 52.7% during the 1st quarter. MetLife Investment Advisors LLC now owns 8,432 shares of the company’s stock worth $196,000 after purchasing an additional 2,910 shares in the last quarter. 60.10% of the stock is currently owned by institutional investors.

Golden Entertainment stock opened at $29.54 on Thursday. The company has a quick ratio of 2.25, a current ratio of 2.32 and a debt-to-equity ratio of 2.74. The company has a market cap of $814.23 million, a P/E ratio of 86.88 and a beta of 0.49. Golden Entertainment Inc has a one year low of $19.41 and a one year high of $34.75.

Golden Entertainment (NASDAQ:GDEN) last posted its earnings results on Wednesday, May 9th. The company reported $0.26 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. The business had revenue of $214.79 million during the quarter, compared to the consensus estimate of $214.20 million. Golden Entertainment had a return on equity of 1.45% and a net margin of 0.12%. equities research analysts forecast that Golden Entertainment Inc will post 1.09 EPS for the current fiscal year.

In related news, Director Timothy J. Cope sold 42,430 shares of the firm’s stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $29.97, for a total transaction of $1,271,627.10. Following the completion of the transaction, the director now owns 73,821 shares in the company, valued at approximately $2,212,415.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 33.80% of the stock is owned by company insiders.

Several analysts have recently weighed in on the company. TheStreet upgraded Golden Entertainment from a “c+” rating to a “b” rating in a research report on Monday, June 4th. BidaskClub upgraded Golden Entertainment from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 22nd. Telsey Advisory Group raised their target price on Golden Entertainment from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 29th. ValuEngine upgraded Golden Entertainment from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research downgraded Golden Entertainment from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 20th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $36.33.

Golden Entertainment Profile

Golden Entertainment, Inc, together with its subsidiaries, focuses on distributed gaming, and resort casino operations in the United States. The Distributed Gaming segment is involved in the installation, maintenance, and operation of slots and amusement devices in non-casino locations, such as grocery stores, convenience stores, restaurants, bars, taverns, and liquor stores; and operation of branded taverns targeting local patrons primarily in the greater Las Vegas, Nevada metropolitan area.

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Institutional Ownership by Quarter for Golden Entertainment (NASDAQ:GDEN)

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