DAVENPORT & Co LLC Sells 1,175,866 Shares of Golden Entertainment, Inc. $GDEN

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DAVENPORT & Co LLC significantly reduced its stake in Golden Entertainment, Inc. (NASDAQ:GDEN), selling 1,175,866 shares and retaining 346,071 shares valued at $9.41 million. This reduction comes as Golden Entertainment reported lower-than-expected quarterly earnings and revenue, missing consensus estimates. Despite this, the company declared a quarterly dividend of $0.25 and currently holds a “Hold” consensus rating from analysts with an average price target of $32.75.

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