Golden Entertainment Inc (NASDAQ:GDEN) Shares Sold by Quantamental Technologies LLC

Quantamental Technologies LLC decreased its position in shares of Golden Entertainment Inc (NASDAQ:GDEN) by 49.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,293 shares of the company’s stock after selling 2,217 shares during the period. Quantamental Technologies LLC’s holdings in Golden Entertainment were worth $32,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA acquired a new position in Golden Entertainment during the 1st quarter worth about $54,000. Bank of Montreal Can lifted its stake in Golden Entertainment by 4,096.7% during the 2nd quarter. Bank of Montreal Can now owns 15,234 shares of the company’s stock worth $213,000 after acquiring an additional 14,871 shares in the last quarter. Rhumbline Advisers lifted its stake in Golden Entertainment by 3.7% during the 1st quarter. Rhumbline Advisers now owns 23,968 shares of the company’s stock worth $339,000 after acquiring an additional 865 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new position in Golden Entertainment during the 1st quarter worth about $401,000. Finally, GSA Capital Partners LLP acquired a new stake in Golden Entertainment in the 2nd quarter valued at about $416,000. 53.66% of the stock is currently owned by hedge funds and other institutional investors.

In other Golden Entertainment news, Director Anthony A. Marnell III acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were acquired at an average price of $13.23 per share, for a total transaction of $132,300.00. Following the acquisition, the director now owns 34,579 shares in the company, valued at approximately $457,480.17. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anthony A. Marnell III acquired 5,900 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was acquired at an average price of $12.87 per share, for a total transaction of $75,933.00. Following the acquisition, the director now owns 34,579 shares in the company, valued at approximately $445,031.73. The disclosure for this purchase can be found here. Corporate insiders own 36.40% of the company’s stock.

GDEN has been the topic of a number of analyst reports. ValuEngine raised Golden Entertainment from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 1st. BidaskClub raised Golden Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, August 21st. Zacks Investment Research lowered Golden Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Finally, TheStreet lowered Golden Entertainment from a “c-” rating to a “d” rating in a research report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Golden Entertainment currently has an average rating of “Buy” and an average target price of $24.67.

GDEN stock traded up $0.17 during mid-day trading on Friday, reaching $14.74. The company had a trading volume of 13,784 shares, compared to its average volume of 100,676. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.35 and a quick ratio of 1.28. The firm has a fifty day simple moving average of $13.77 and a 200 day simple moving average of $14.63. Golden Entertainment Inc has a fifty-two week low of $12.32 and a fifty-two week high of $27.75.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.21). Golden Entertainment had a negative net margin of 5.60% and a negative return on equity of 8.67%. The business had revenue of $248.07 million during the quarter, compared to analysts’ expectations of $249.18 million. Analysts anticipate that Golden Entertainment Inc will post -0.32 earnings per share for the current fiscal year.

About Golden Entertainment

Golden Entertainment, Inc engages in the development, finance, management, and ownership of casino properties. It operates through the Distributed Gaming and Casinos segments. The Distributed Gaming segment involves in the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery stores, convenience stores, liquor stores, restaurants, bars, and taverns; and the operation of wholly-owned branded taverns targeting local patrons.

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

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