Golden Entertainment Inc (GDEN) SVP Buys $33,066.00 in Stock
Golden Entertainment Inc (NASDAQ:GDEN) SVP Thomas Edwin Haas acquired 2,200 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The stock was bought at an average price of $15.03 per share, for a total transaction of $33,066.00. Following the acquisition, the senior vice president now owns 3,736 shares of the company’s stock, valued at approximately $56,152.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of GDEN traded up $0.55 during trading hours on Thursday, hitting $15.45. The company had a trading volume of 325,712 shares, compared to its average volume of 365,036. The company has a market cap of $406.21 million, a P/E ratio of 45.44, a P/E/G ratio of 3.08 and a beta of 0.92. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 2.69. Golden Entertainment Inc has a 52-week low of $13.25 and a 52-week high of $34.75.
Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings data on Thursday, November 8th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.26). The company had revenue of $210.34 million during the quarter, compared to analysts’ expectations of $214.70 million. Golden Entertainment had a negative return on equity of 1.65% and a negative net margin of 1.09%. Equities research analysts forecast that Golden Entertainment Inc will post 0.48 earnings per share for the current fiscal year.
Several research firms have recently commented on GDEN. BidaskClub upgraded Golden Entertainment from a “hold” rating to a “buy” rating in a report on Wednesday, July 18th. Jefferies Financial Group lifted their price objective on Golden Entertainment from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, August 9th. TheStreet downgraded Golden Entertainment from a “b” rating to a “c” rating in a report on Wednesday, August 15th. Zacks Investment Research downgraded Golden Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, August 13th. Finally, Deutsche Bank began coverage on Golden Entertainment in a report on Thursday, October 4th. They issued a “buy” rating and a $40.00 price objective on the stock. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $33.67.
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About Golden Entertainment
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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