Somewhat Positive News Coverage Somewhat Unlikely to Affect Golden Entertainment (GDEN) Share Price

News coverage about Golden Entertainment (NASDAQ:GDEN) has trended somewhat positive on Saturday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Golden Entertainment earned a news impact score of 0.18 on Accern’s scale. Accern also gave news articles about the company an impact score of 48.0892391903398 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

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NASDAQ GDEN opened at $24.58 on Friday. Golden Entertainment has a one year low of $13.03 and a one year high of $34.75. The stock has a market capitalization of $686.33, a P/E ratio of 72.29 and a beta of 0.52. The company has a quick ratio of 1.64, a current ratio of 1.71 and a debt-to-equity ratio of 3.00.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings data on Thursday, March 15th. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.50). Golden Entertainment had a return on equity of 1.86% and a net margin of 0.43%. The business had revenue of $184.35 million during the quarter, compared to the consensus estimate of $174.80 million. sell-side analysts expect that Golden Entertainment will post 1.45 EPS for the current year.

GDEN has been the subject of several research analyst reports. TheStreet downgraded Golden Entertainment from a “b” rating to a “c+” rating in a report on Thursday, March 15th. BidaskClub downgraded Golden Entertainment from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 3rd. Telsey Advisory Group initiated coverage on Golden Entertainment in a report on Tuesday, March 13th. They issued an “outperform” rating and a $32.00 price objective for the company. Jefferies Group initiated coverage on Golden Entertainment in a report on Thursday, January 18th. They issued a “buy” rating and a $38.00 price objective for the company. Finally, Zacks Investment Research downgraded Golden Entertainment from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $35.00.

In other Golden Entertainment news, major shareholder Goldman Sachs Group Inc sold 4,046,494 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $26.64, for a total transaction of $107,798,600.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Blake L. Sartini sold 953,506 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $26.64, for a total value of $25,401,399.84. The disclosure for this sale can be found here. Insiders sold a total of 5,750,000 shares of company stock valued at $153,180,000 over the last quarter. 52.00% of the stock is owned by corporate insiders.

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About Golden Entertainment

Golden Entertainment, Inc is a group of gaming companies. The Company focuses on distributed gaming, including tavern gaming, and casino and resort operations. It operates through two segments: Distributed Gaming and Casinos. Its Distributed Gaming segment involves the installation, maintenance and operation of gaming and amusement devices in certain strategic, high-traffic, non-casino locations (such as grocery stores, convenience stores, restaurants, bars, taverns, saloons and liquor stores) in Nevada and Montana, and the operation of traditional, branded taverns targeting local patrons, primarily in the greater Las Vegas, Nevada metropolitan area.

Insider Buying and Selling by Quarter for Golden Entertainment (NASDAQ:GDEN)

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