Balyasny Asset Management LLC bought a new stake in shares of Golden Entertainment Inc (NASDAQ:GDEN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 36,284 shares of the company’s stock, valued at approximately $324,000. Balyasny Asset Management LLC owned about 0.13% of Golden Entertainment at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Golden Entertainment by 2,695.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 5,619 shares of the company’s stock worth $37,000 after purchasing an additional 5,418 shares during the last quarter. Perennial Investment Advisors LLC acquired a new stake in Golden Entertainment in the second quarter worth $89,000. Trexquant Investment LP bought a new stake in Golden Entertainment in the second quarter valued at $99,000. Two Sigma Investments LP bought a new stake in Golden Entertainment in the first quarter valued at $103,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Golden Entertainment during the first quarter valued at $111,000. Institutional investors and hedge funds own 47.77% of the company’s stock.

Shares of GDEN opened at $13.99 on Wednesday. The firm has a 50-day moving average price of $11.65 and a 200 day moving average price of $9.87. The firm has a market capitalization of $392.43 million, a PE ratio of -3.05 and a beta of 2.56. The company has a quick ratio of 0.94, a current ratio of 0.99 and a debt-to-equity ratio of 7.19. Golden Entertainment Inc has a 52-week low of $3.55 and a 52-week high of $21.67.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings results on Thursday, August 6th. The company reported ($2.20) EPS for the quarter, missing analysts’ consensus estimates of ($1.90) by ($0.30). The company had revenue of $75.97 million for the quarter, compared to the consensus estimate of $53.18 million. Golden Entertainment had a negative return on equity of 39.72% and a negative net margin of 16.69%. On average, equities analysts expect that Golden Entertainment Inc will post -4.72 EPS for the current year.

In other Golden Entertainment news, EVP Sean T. Higgins sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $10.22, for a total value of $45,990.00. Following the completion of the sale, the executive vice president now directly owns 66,884 shares in the company, valued at $683,554.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 38.30% of the stock is owned by insiders.

Several brokerages recently weighed in on GDEN. BidaskClub upgraded shares of Golden Entertainment from a “hold” rating to a “buy” rating in a research report on Thursday, August 13th. ValuEngine raised Golden Entertainment from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, Zacks Investment Research lowered Golden Entertainment from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $15.50.

Golden Entertainment Company Profile

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.

See Also: How to read a candlestick chart

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

Receive News & Ratings for Golden Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.