Bessemer Group Inc. grew its stake in Golden Entertainment Inc (NASDAQ:GDEN) by 194.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,300 shares of the company’s stock after buying an additional 3,500 shares during the quarter. Bessemer Group Inc.’s holdings in Golden Entertainment were worth $173,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in GDEN. Bank of New York Mellon Corp boosted its stake in shares of Golden Entertainment by 5.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 74,034 shares of the company’s stock valued at $1,533,000 after buying an additional 4,017 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Golden Entertainment by 13.3% in the 2nd quarter. Wells Fargo & Company MN now owns 27,131 shares of the company’s stock valued at $562,000 after buying an additional 3,175 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Golden Entertainment by 11.8% in the 2nd quarter. Nationwide Fund Advisors now owns 6,360 shares of the company’s stock valued at $132,000 after buying an additional 671 shares during the period. Northern Trust Corp boosted its stake in shares of Golden Entertainment by 6.6% in the 2nd quarter. Northern Trust Corp now owns 125,019 shares of the company’s stock valued at $2,589,000 after buying an additional 7,709 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Golden Entertainment by 19.5% in the 2nd quarter. Vanguard Group Inc. now owns 394,913 shares of the company’s stock valued at $8,179,000 after buying an additional 64,501 shares during the period. Institutional investors and hedge funds own 23.65% of the company’s stock.

Several equities analysts have recently issued reports on GDEN shares. Macquarie started coverage on Golden Entertainment in a research note on Wednesday, October 25th. They issued an “outperform” rating and a $35.00 price objective for the company. TheStreet upgraded Golden Entertainment from a “c” rating to a “b-” rating in a research note on Wednesday, November 8th. BidaskClub cut Golden Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, Jefferies Group assumed coverage on Golden Entertainment in a research note on Thursday, January 18th. They issued a “buy” rating and a $38.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $36.50.

In related news, Director Lyle Berman sold 750,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $26.64, for a total transaction of $19,980,000.00. Following the completion of the sale, the director now owns 1,642,841 shares in the company, valued at $43,765,284.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Blake L. Sartini sold 953,506 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $26.64, for a total value of $25,401,399.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,750,000 shares of company stock valued at $153,180,000. 52.00% of the stock is owned by company insiders.

Shares of Golden Entertainment Inc (NASDAQ:GDEN) opened at $28.91 on Thursday. The firm has a market capitalization of $751.17, a P/E ratio of 26.28 and a beta of 0.19. Golden Entertainment Inc has a 52 week low of $11.12 and a 52 week high of $34.75. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.52 and a current ratio of 1.59.

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About Golden Entertainment

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

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