Anthony Brian Goodman Sells 7,000 Shares of Meridian (NASDAQ:MRDN) Stock

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 7,000 shares of Meridian stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $13.04, for a total value of $91,280.00. Following the completion of the transaction, the chief executive officer directly owned 472,463 shares of the company’s stock, valued at $6,160,917.52. This represents a 1.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Anthony Brian Goodman also recently made the following trade(s):

• On Friday, June 12th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The shares were sold at an average price of $12.68, for a total value of $126,800.00.
• On Thursday, June 11th, Anthony Brian Goodman sold 9,000 shares of Meridian stock. The shares were sold at an average price of $13.02, for a total value of $117,180.00.
• On Friday, May 22nd, Anthony Brian Goodman sold 12,196 shares of Meridian stock. The shares were sold at an average price of $10.37, for a total value of $126,472.52.
• On Monday, May 4th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The stock was sold at an average price of $12.75, for a total value of $127,500.00.
• On Monday, April 27th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The stock was sold at an average price of $6.41, for a total value of $64,100.00.
• On Friday, April 24th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The stock was sold at an average price of $6.34, for a total value of $63,400.00.
• On Thursday, April 23rd, Anthony Brian Goodman sold 2,000 shares of Meridian stock. The stock was sold at an average price of $6.30, for a total value of $12,600.00.
• On Wednesday, April 22nd, Anthony Brian Goodman sold 4,603 shares of Meridian stock. The stock was sold at an average price of $6.34, for a total value of $29,183.02.
• On Friday, April 17th, Anthony Brian Goodman sold 404 shares of Meridian stock. The stock was sold at an average price of $6.90, for a total value of $2,787.60.
• On Thursday, April 16th, Anthony Brian Goodman sold 3,876 shares of Meridian stock. The stock was sold at an average price of $6.92, for a total value of $26,821.92.

Meridian Stock Performance

Meridian stock opened at $14.32 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.57 and a quick ratio of 0.48. Meridian Holdings Inc. has a 52 week low of $5.80 and a 52 week high of $22.78. The firm has a market cap of $181.43 million, a PE ratio of -1.97 and a beta of 0.67. The stock’s fifty day simple moving average is $9.70.

Meridian (NASDAQ:MRDN) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.18 EPS for the quarter. Meridian had a negative return on equity of 99.65% and a negative net margin of 45.94%.The company had revenue of $50.10 million during the quarter. On average, research analysts forecast that Meridian Holdings Inc. will post 0.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Weiss Ratings assumed coverage on Meridian in a report on Tuesday, April 7th. They set a “sell (e+)” rating for the company. Wall Street Zen raised Meridian to a “strong-buy” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Meridian presently has a consensus rating of “Sell” and an average price target of $21.60.

Institutional Trading of Meridian

A number of hedge funds have recently made changes to their positions in MRDN. Topline Capital Management LLC grew its position in shares of Meridian by 1,072.4% in the 3rd quarter. Topline Capital Management LLC now owns 623,909 shares of the company’s stock valued at $705,000 after buying an additional 570,694 shares during the last quarter. Whetstone Capital Advisors LLC acquired a new stake in shares of Meridian in the fourth quarter valued at about $331,000. Citadel Advisors LLC increased its stake in shares of Meridian by 1,603.2% in the third quarter. Citadel Advisors LLC now owns 206,082 shares of the company’s stock valued at $233,000 after buying an additional 193,982 shares during the period. Sandhill Capital Partners LLC acquired a new stake in shares of Meridian in the third quarter valued at about $195,000. Finally, Squarepoint Ops LLC increased its stake in shares of Meridian by 115.2% in the third quarter. Squarepoint Ops LLC now owns 148,302 shares of the company’s stock valued at $168,000 after buying an additional 79,382 shares during the period. 2.74% of the stock is owned by institutional investors and hedge funds.

Meridian Company Profile

Meridian Holdings Inc is engaged in the online gaming and betting business, providing sports betting, online casino, and gaming operations across multiple jurisdictions in Europe, Africa, and Central and South America. The company has three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The MeridianBet Group segment includes retail and online sports betting, casinos, and related gaming operations. The GMAG segment focuses on the resale of third-party gaming content, mainly serving customers in the Asia-Pacific region.