Pacific Grove Capital LP purchased a new position in shares of Boyd Gaming Co. (NYSE:BYD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 91,930 shares of the company’s stock, valued at approximately $3,222,000. Boyd Gaming comprises approximately 1.5% of Pacific Grove Capital LP’s portfolio, making the stock its 24th biggest holding. Pacific Grove Capital LP owned approximately 0.08% of Boyd Gaming as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also modified their holdings of BYD. Point72 Asset Management L.P. boosted its stake in shares of Boyd Gaming by 34.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 4,566,570 shares of the company’s stock worth $118,959,000 after acquiring an additional 1,181,986 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Boyd Gaming by 108.7% during the 4th quarter. Millennium Management LLC now owns 1,441,205 shares of the company’s stock worth $50,514,000 after acquiring an additional 750,610 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Boyd Gaming by 218.0% during the 4th quarter. TIAA CREF Investment Management LLC now owns 706,370 shares of the company’s stock valued at $24,758,000 after purchasing an additional 484,247 shares during the period. Catalyst Capital Advisors LLC bought a new stake in shares of Boyd Gaming during the 3rd quarter valued at $11,723,000. Finally, Two Sigma Advisers LP raised its position in shares of Boyd Gaming by 1,249.8% during the 4th quarter. Two Sigma Advisers LP now owns 417,532 shares of the company’s stock valued at $14,634,000 after purchasing an additional 386,600 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.
In other Boyd Gaming news, insider Stephen S. Thompson sold 24,906 shares of Boyd Gaming stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $33.55, for a total value of $835,596.30. Following the sale, the insider now directly owns 53,354 shares in the company, valued at approximately $1,790,026.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Brian A. Larson sold 99,077 shares of Boyd Gaming stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $35.71, for a total transaction of $3,538,039.67. Following the completion of the sale, the vice president now owns 104,216 shares in the company, valued at $3,721,553.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 328,294 shares of company stock worth $11,448,808. 29.16% of the stock is currently owned by insiders.
Shares of Boyd Gaming Co. (BYD) opened at $33.20 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.87 and a debt-to-equity ratio of 2.77. The stock has a market cap of $3,735.27, a price-to-earnings ratio of 32.55 and a beta of 1.92. Boyd Gaming Co. has a fifty-two week low of $19.66 and a fifty-two week high of $40.44.
Boyd Gaming (NYSE:BYD) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04). The company had revenue of $590.83 million during the quarter, compared to the consensus estimate of $595.28 million. Boyd Gaming had a net margin of 7.94% and a return on equity of 11.47%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 earnings per share. equities research analysts predict that Boyd Gaming Co. will post 1.23 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Friday, March 16th will be issued a $0.45 dividend. This is an increase from Boyd Gaming’s previous quarterly dividend of $0.05. This represents a $1.80 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend is Thursday, March 15th. Boyd Gaming’s payout ratio is currently 12.20%.
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Boyd Gaming Company Profile
Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of December 31, 2016. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South.
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