Russell Investments Group Ltd. grew its holdings in shares of Boyd Gaming Co. (NYSE:BYD – Get Rating) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 247,261 shares of the company’s stock after buying an additional 5,770 shares during the quarter. Russell Investments Group Ltd. owned 0.24% of Boyd Gaming worth $13,483,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in BYD. EverSource Wealth Advisors LLC bought a new position in Boyd Gaming during the third quarter worth $72,000. Rockefeller Capital Management L.P. lifted its stake in Boyd Gaming by 153.8% during the third quarter. Rockefeller Capital Management L.P. now owns 3,432 shares of the company’s stock worth $162,000 after purchasing an additional 2,080 shares during the last quarter. Captrust Financial Advisors lifted its stake in Boyd Gaming by 13.3% during the second quarter. Captrust Financial Advisors now owns 3,706 shares of the company’s stock worth $184,000 after purchasing an additional 436 shares during the last quarter. Focused Wealth Management Inc lifted its stake in Boyd Gaming by 3,266.7% during the fourth quarter. Focused Wealth Management Inc now owns 3,535 shares of the company’s stock worth $193,000 after purchasing an additional 3,430 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in Boyd Gaming during the third quarter worth $202,000. 68.68% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, EVP Ted Bogich sold 30,433 shares of the stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $67.32, for a total value of $2,048,749.56. Following the completion of the transaction, the executive vice president now owns 75,858 shares in the company, valued at approximately $5,106,760.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider William S. Boyd sold 39,525 shares of the stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $64.52, for a total value of $2,550,153.00. Following the completion of the transaction, the insider now owns 14,102,224 shares in the company, valued at approximately $909,875,492.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ted Bogich sold 30,433 shares of the stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $67.32, for a total value of $2,048,749.56. Following the completion of the transaction, the executive vice president now owns 75,858 shares of the company’s stock, valued at approximately $5,106,760.56. The disclosure for this sale can be found here. Insiders have sold a total of 357,334 shares of company stock valued at $23,543,265 over the last three months. Company insiders own 27.94% of the company’s stock.
Wall Street Analyst Weigh In
Boyd Gaming Price Performance
NYSE:BYD opened at $68.57 on Friday. The business’s 50-day moving average price is $64.81 and its 200 day moving average price is $61.45. The firm has a market cap of $6.99 billion, a P/E ratio of 10.80, a PEG ratio of 1.66 and a beta of 1.78. Boyd Gaming Co. has a 52-week low of $46.10 and a 52-week high of $71.69. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 1.89.
Boyd Gaming (NYSE:BYD – Get Rating) last released its earnings results on Tuesday, April 25th. The company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.20. The firm had revenue of $963.97 million for the quarter, compared to analyst estimates of $889.59 million. Boyd Gaming had a return on equity of 43.89% and a net margin of 18.48%. Boyd Gaming’s revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 earnings per share. As a group, sell-side analysts predict that Boyd Gaming Co. will post 6.24 earnings per share for the current fiscal year.
Boyd Gaming Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Saturday, July 15th. Investors of record on Thursday, June 15th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Wednesday, June 14th. Boyd Gaming’s payout ratio is currently 10.08%.
Boyd Gaming Company Profile
Boyd Gaming Corp. is a multi-jurisdictional gaming company, which engages in the management and operation of gaming and entertainment properties. It operates through the following segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South. The Las Vegas Locals segment consists of eight casinos that primarily serve the resident population in the Las Vegas metropolitan area.
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