Anthony Brian Goodman Sells 9,000 Shares of Meridian (NASDAQ:MRDN) Stock

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 9,000 shares of Meridian stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $13.02, for a total value of $117,180.00. Following the completion of the sale, the chief executive officer owned 463,463 shares of the company’s stock, valued at $6,034,288.26. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $12.68, for a total transaction of $126,800.00.
• On Wednesday, June 10th, Anthony Brian Goodman sold 7,000 shares of Meridian stock. The stock was sold at an average price of $13.04, for a total transaction of $91,280.00.
• On Friday, May 22nd, Anthony Brian Goodman sold 12,196 shares of Meridian stock. The stock was sold at an average price of $10.37, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $26,821.92.

Meridian Stock Performance

Shares of MRDN stock opened at $14.32 on Friday. Meridian Holdings Inc. has a fifty-two week low of $5.80 and a fifty-two week high of $22.78. The stock has a market capitalization of $181.43 million, a price-to-earnings ratio of -1.97 and a beta of 0.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.57 and a quick ratio of 0.48. The business’s 50-day simple moving average is $9.70.

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

Institutional Investors Weigh In On Meridian

Large investors have recently bought and sold shares of the company. Sandhill Capital Partners LLC purchased a new stake in Meridian in the third quarter valued at approximately $195,000. Topline Capital Management LLC boosted its position in Meridian by 1,072.4% in the third 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. Continuum Advisory LLC boosted its position in Meridian by 375.0% in the 4th quarter. Continuum Advisory LLC now owns 57,000 shares of the company’s stock worth $46,000 after purchasing an additional 45,000 shares in the last quarter. Virtu Financial LLC purchased a new stake in Meridian in the 3rd quarter worth approximately $33,000. Finally, Marex Group plc purchased a new stake in Meridian in the 2nd quarter worth approximately $26,000. Hedge funds and other institutional investors own 2.74% of the company’s stock.

Analyst Upgrades and Downgrades

MRDN has been the subject of a number of research analyst reports. Wall Street Zen upgraded Meridian to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings initiated coverage on Meridian in a research note on Tuesday, April 7th. They issued a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell” and an average target price of $21.60.

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.