Anthony Brian Goodman Sells 3,650 Shares of Meridian (NASDAQ:MRDN) Stock

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 3,650 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $13.76, for a total transaction of $50,224.00. Following the completion of the transaction, the chief executive officer owned 434,813 shares in the company, valued at approximately $5,983,026.88. The trade was a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, June 23rd, Anthony Brian Goodman sold 5,500 shares of Meridian stock. The stock was sold at an average price of $13.73, for a total transaction of $75,515.00.
• On Thursday, June 18th, Anthony Brian Goodman sold 5,000 shares of Meridian stock. The shares were sold at an average price of $13.70, for a total transaction of $68,500.00.
• On Monday, June 15th, Anthony Brian Goodman sold 5,000 shares of Meridian stock. The shares were sold at an average price of $14.33, for a total transaction 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 stock was 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 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.

Meridian Stock Down 7.5%

Shares of NASDAQ:MRDN opened at $12.23 on Friday. The business has a 50 day moving average price of $10.89. The company has a market capitalization of $154.95 million, a PE ratio of -1.68 and a beta of 0.67. Meridian Holdings Inc. has a 52-week low of $5.80 and a 52-week high of $22.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.48 and a current ratio of 0.57.

Meridian (NASDAQ:MRDN) last issued its 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 during the quarter. On average, sell-side analysts anticipate that Meridian Holdings Inc. will post 0.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on MRDN shares. Wall Street Zen upgraded Meridian to a “strong-buy” rating in a report on Saturday, May 9th. Weiss Ratings started coverage on shares of Meridian in a report on Tuesday, April 7th. They set a “sell (e+)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell” and a consensus target price of $21.60.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MRDN. Sandhill Capital Partners LLC purchased a new stake in shares of Meridian during the 3rd quarter worth $195,000. Topline Capital Management LLC grew its stake 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 purchasing an additional 570,694 shares during the last quarter. Continuum Advisory LLC raised its holdings in Meridian by 375.0% in the fourth 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. Whetstone Capital Advisors LLC bought a new position in Meridian in the fourth quarter worth about $331,000. Finally, Deutsche Bank AG lifted its position in shares of Meridian by 224.4% during the fourth quarter. Deutsche Bank AG now owns 94,695 shares of the company’s stock valued at $76,000 after buying an additional 65,501 shares during the last quarter. 2.74% of the stock is owned by institutional investors.

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.