Linden Thomas Advisory Services LLC Has $1.34 Million Stock Holdings in Boyd Gaming Co. (NYSE:BYD)

Linden Thomas Advisory Services LLC increased its stake in shares of Boyd Gaming Co. (NYSE:BYD) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,408 shares of the company’s stock after purchasing an additional 411 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Boyd Gaming were worth $1,335,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in Boyd Gaming by 80.3% during the 4th quarter. UMB Bank n.a. now owns 393 shares of the company’s stock worth $29,000 after acquiring an additional 175 shares during the last quarter. GAMMA Investing LLC grew its holdings in Boyd Gaming by 47.4% during the 4th quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock worth $33,000 after acquiring an additional 148 shares during the last quarter. Covestor Ltd grew its holdings in Boyd Gaming by 54.9% during the 3rd quarter. Covestor Ltd now owns 587 shares of the company’s stock worth $38,000 after acquiring an additional 208 shares during the last quarter. Quarry LP grew its holdings in Boyd Gaming by 150.1% during the 3rd quarter. Quarry LP now owns 873 shares of the company’s stock worth $56,000 after acquiring an additional 524 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Boyd Gaming by 921.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 889 shares of the company’s stock worth $57,000 after acquiring an additional 802 shares during the last quarter. 76.81% of the stock is currently owned by institutional investors and hedge funds.

Boyd Gaming Stock Performance

NYSE:BYD opened at $75.34 on Friday. The stock has a market cap of $6.66 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 4.21 and a beta of 1.54. The firm’s fifty day simple moving average is $73.21 and its 200 day simple moving average is $66.23. Boyd Gaming Co. has a twelve month low of $49.34 and a twelve month high of $76.73. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85.

Boyd Gaming Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.90%. The ex-dividend date was Monday, December 16th. Boyd Gaming’s dividend payout ratio (DPR) is currently 12.98%.

Boyd Gaming announced that its Board of Directors has approved a share buyback plan on Thursday, December 5th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 7.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

BYD has been the topic of several research analyst reports. Mizuho reissued an “outperform” rating and set a $79.00 target price (up from $78.00) on shares of Boyd Gaming in a research note on Friday, October 25th. Argus upgraded shares of Boyd Gaming from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Tuesday, December 17th. JPMorgan Chase & Co. increased their price target on shares of Boyd Gaming from $74.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday. Stifel Nicolaus increased their price target on shares of Boyd Gaming from $67.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, StockNews.com upgraded shares of Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $92.80.

Insider Activity

In other news, Director William R. Boyd sold 25,155 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $69.35, for a total transaction of $1,744,499.25. Following the sale, the director now owns 1,487,970 shares in the company, valued at approximately $103,190,719.50. The trade was a 1.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christine J. Spadafor sold 660 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $75.68, for a total transaction of $49,948.80. Following the sale, the director now owns 5,977 shares in the company, valued at approximately $452,339.36. This trade represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,364 shares of company stock worth $10,590,893. Corporate insiders own 27.94% of the company’s stock.

Boyd Gaming Company Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.