Meridian Holdings Inc. (NASDAQ:MRDN – Get Free Report) CEO Anthony Brian Goodman sold 5,500 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $13.73, for a total value of $75,515.00. Following the sale, the chief executive officer directly owned 429,313 shares of the company’s stock, valued at approximately $5,894,467.49. This represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Anthony Brian Goodman also recently made the following trade(s):
- On Monday, June 22nd, Anthony Brian Goodman sold 3,650 shares of Meridian stock. The shares were sold at an average price of $13.76, for a total value of $50,224.00.
- On Thursday, June 18th, Anthony Brian Goodman sold 5,000 shares of Meridian stock. The stock was sold at an average price of $13.70, for a total value of $68,500.00.
- On Monday, June 15th, Anthony Brian Goodman sold 5,000 shares of Meridian stock. The stock was sold at an average price of $14.33, for a total value of $71,650.00.
- 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 transaction 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 transaction of $117,180.00.
- 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 shares were 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 shares were 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.
Meridian Stock Performance
Meridian stock opened at $13.22 on Thursday. Meridian Holdings Inc. has a 52 week low of $5.80 and a 52 week high of $22.78. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 0.10. The firm has a market cap of $167.50 million, a price-to-earnings ratio of -1.82 and a beta of 0.67. The business has a 50 day moving average price of $10.78.
Institutional Trading of Meridian
A number of institutional investors and hedge funds have recently made changes to their positions in MRDN. Marex Group plc acquired a new position in shares of Meridian during the 2nd quarter valued at about $26,000. State Street Corp lifted its holdings in Meridian by 25.6% in the 4th quarter. State Street Corp now owns 99,899 shares of the company’s stock worth $80,000 after purchasing an additional 20,343 shares during the last quarter. Susquehanna International Group LLP boosted its position in Meridian by 33.7% during the third quarter. Susquehanna International Group LLP now owns 114,409 shares of the company’s stock worth $129,000 after purchasing an additional 28,819 shares during the period. Virtu Financial LLC bought a new stake in Meridian during the third quarter worth approximately $33,000. Finally, Marshall Wace LLP acquired a new position in Meridian during the second quarter valued at approximately $57,000. Institutional investors and hedge funds own 2.74% of the company’s stock.
Analyst Ratings Changes
Several research firms recently weighed in on MRDN. Wall Street Zen raised Meridian to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings initiated coverage on Meridian in a research report on Tuesday, April 7th. They set a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Meridian presently has an average rating of “Sell” and an average target price of $21.60.
Check Out Our Latest Stock Report on Meridian
About Meridian
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.
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