Tocqueville Asset Management L.P. Has $1,553,000 Stake in Golden Entertainment, Inc. (GDEN)
Tocqueville Asset Management L.P. continued to hold its position in Golden Entertainment, Inc. (NASDAQ:GDEN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,000 shares of the company’s stock at the end of the second quarter. Tocqueville Asset Management L.P. owned 0.34% of Golden Entertainment worth $1,553,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL increased its position in Golden Entertainment by 24.6% in the second quarter. Gamco Investors INC. ET AL now owns 157,000 shares of the company’s stock worth $3,251,000 after buying an additional 31,000 shares during the last quarter. Bank of New York Mellon Corp increased its position in Golden Entertainment by 5.7% in the second quarter. Bank of New York Mellon Corp now owns 74,034 shares of the company’s stock worth $1,533,000 after buying an additional 4,017 shares during the last quarter. Accredited Investors Inc. bought a new position in Golden Entertainment during the second quarter worth about $201,000. Rhumbline Advisers increased its position in Golden Entertainment by 5.5% in the second quarter. Rhumbline Advisers now owns 11,650 shares of the company’s stock worth $241,000 after buying an additional 605 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in Golden Entertainment during the second quarter worth about $133,000. Institutional investors own 26.68% of the company’s stock.
Golden Entertainment, Inc. (GDEN) opened at 22.47 on Friday. Golden Entertainment, Inc. has a 12-month low of $8.65 and a 12-month high of $22.60. The firm has a market cap of $501.58 million, a P/E ratio of 27.84 and a beta of 0.04. The firm’s 50-day moving average is $21.04 and its 200 day moving average is $16.66.
Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings data on Friday, August 4th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by $0.14. Golden Entertainment had a net margin of 4.29% and a return on equity of 6.26%. The company had revenue of $110.49 million for the quarter, compared to the consensus estimate of $112.30 million. Equities analysts forecast that Golden Entertainment, Inc. will post $0.69 earnings per share for the current year.
A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, SunTrust Banks, Inc. downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a report on Monday, May 15th.
Golden Entertainment Company Profile
Golden Entertainment, Inc is a group of gaming companies. The Company focuses on distributed gaming, including tavern gaming, and casino and resort operations. It operates through two segments: Distributed Gaming and Casinos. Its Distributed Gaming segment involves the installation, maintenance and operation of gaming and amusement devices in certain strategic, high-traffic, non-casino locations (such as grocery stores, convenience stores, restaurants, bars, taverns, saloons and liquor stores) in Nevada and Montana, and the operation of traditional, branded taverns targeting local patrons, primarily in the greater Las Vegas, Nevada metropolitan area.
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