Meridian (NASDAQ:MRDN) CEO Sells $68,500.00 in Stock

Meridian Holdings Inc. (NASDAQ:MRDN) CEO Anthony Brian Goodman sold 5,000 shares of Meridian stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $13.70, for a total transaction of $68,500.00. Following the completion of the sale, the chief executive officer owned 438,463 shares of the company’s stock, valued at $6,006,943.10. This trade represents a 1.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 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 transaction of $50,224.00.
• 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 transaction of $71,650.00.
• 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 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 shares were 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 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 shares were 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.

Meridian Stock Performance

Meridian stock opened at $13.28 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.10. The company’s 50-day moving average price is $11.02. The stock has a market cap of $168.26 million, a P/E ratio of -1.83 and a beta of 0.67. Meridian Holdings Inc. has a fifty-two week low of $5.80 and a fifty-two week high of $22.78.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on MRDN. Weiss Ratings initiated coverage on shares of Meridian in a research report on Tuesday, April 7th. They set a “sell (e+)” rating for the company. Wall Street Zen raised shares of 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, Meridian presently has an average rating of “Sell” and an average price target of $21.60.

Institutional Trading of Meridian

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whetstone Capital Advisors LLC acquired a new position in shares of Meridian in the fourth quarter worth about $331,000. State Street Corp grew its position in shares of Meridian by 25.6% during the 4th quarter. State Street Corp now owns 99,899 shares of the company’s stock valued at $80,000 after acquiring an additional 20,343 shares during the period. Deutsche Bank AG grew its position in shares of Meridian by 224.4% during the 4th quarter. Deutsche Bank AG now owns 94,695 shares of the company’s stock valued at $76,000 after acquiring an additional 65,501 shares during the period. Continuum Advisory LLC increased its stake in shares of Meridian by 375.0% in the 4th quarter. Continuum Advisory LLC now owns 57,000 shares of the company’s stock valued at $46,000 after purchasing an additional 45,000 shares in the last quarter. Finally, Susquehanna International Group LLP increased its stake in shares of Meridian by 33.7% in the 3rd quarter. Susquehanna International Group LLP now owns 114,409 shares of the company’s stock valued at $129,000 after purchasing an additional 28,819 shares in the last quarter. Institutional investors and hedge funds own 2.74% of the company’s stock.

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.