Key Points
- CEO Anthony Brian Goodman sold 10,000 shares on May 4 at an average of $12.75 ($127,500) and has sold about 49,499 shares in recent weeks, trimming his stake to 491,659 shares (a 1.99% decline) valued at roughly $6.27M.
- Meridian shows weak profitability with a negative net margin (-45.94%) and negative ROE (-99.65%)
- Analyst sentiment is unfavorable — MarketBeat shows a consensus "Sell" rating with a consensus target price of $21.60, and Weiss Ratings recently initiated coverage with a "sell (e+)" rating.
Meridian Holdings Inc. (NASDAQ:MRDN - Get Free Report) CEO Anthony Brian Goodman sold 10,000 shares of Meridian stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $12.75, for a total transaction of $127,500.00. Following the transaction, the chief executive officer directly owned 491,659 shares of the company's stock, valued at approximately $6,268,652.25. This trade represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Anthony Brian Goodman also recently made the following trade(s):
- On Monday, April 27th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The shares were sold at an average price of $6.41, for a total transaction of $64,100.00.
- On Friday, April 24th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The shares were sold at an average price of $6.34, for a total transaction of $63,400.00.
- On Thursday, April 23rd, Anthony Brian Goodman sold 2,000 shares of Meridian stock. The shares were sold at an average price of $6.30, for a total transaction of $12,600.00.
- On Wednesday, April 22nd, Anthony Brian Goodman sold 4,603 shares of Meridian stock. The shares were sold at an average price of $6.34, for a total transaction of $29,183.02.
- On Friday, April 17th, Anthony Brian Goodman sold 404 shares of Meridian stock. The shares were sold at an average price of $6.90, for a total transaction of $2,787.60.
- On Thursday, April 16th, Anthony Brian Goodman sold 3,876 shares of Meridian stock. The shares were sold at an average price of $6.92, for a total transaction of $26,821.92.
- On Wednesday, April 15th, Anthony Brian Goodman sold 6,900 shares of Meridian stock. The shares were sold at an average price of $6.93, for a total transaction of $47,817.00.
- On Tuesday, April 14th, Anthony Brian Goodman sold 100 shares of Meridian stock. The shares were sold at an average price of $6.90, for a total transaction of $690.00.
- On Monday, April 13th, Anthony Brian Goodman sold 713 shares of Meridian stock. The shares were sold at an average price of $6.90, for a total transaction of $4,919.70.
- On Friday, April 10th, Anthony Brian Goodman sold 903 shares of Meridian stock. The shares were sold at an average price of $6.99, for a total transaction of $6,311.97.
Meridian Price Performance
NASDAQ:MRDN opened at $13.31 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.48 and a current ratio of 0.57. The stock has a market cap of $168.64 million, a price-to-earnings ratio of -1.83 and a beta of 0.61. The company's 50 day moving average price is $8.01. Meridian Holdings Inc. has a 1-year low of $5.80 and a 1-year high of $23.76.
Meridian (NASDAQ:MRDN - Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.18 earnings per share for the quarter. The firm had revenue of $50.10 million during the quarter. Meridian had a negative net margin of 45.94% and a negative return on equity of 99.65%. On average, sell-side analysts anticipate that Meridian Holdings Inc. will post 0.33 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Meridian
Several institutional investors and hedge funds have recently added to or reduced their stakes in MRDN. Marex Group plc purchased a new stake in Meridian in the 2nd quarter worth $26,000. Virtu Financial LLC purchased a new stake in shares of Meridian during the third quarter worth $33,000. Continuum Advisory LLC grew its holdings in shares of Meridian by 375.0% during the fourth quarter. Continuum Advisory LLC now owns 57,000 shares of the company's stock worth $46,000 after buying an additional 45,000 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Meridian during the second quarter worth $57,000. Finally, Deutsche Bank AG grew its holdings in shares of Meridian by 224.4% during the fourth quarter. Deutsche Bank AG now owns 94,695 shares of the company's stock worth $76,000 after buying an additional 65,501 shares in the last quarter. Hedge funds and other institutional investors own 2.74% of the company's stock.
Analyst Ratings Changes
Separately, Weiss Ratings began coverage on shares of Meridian in a report on Tuesday, April 7th. They issued a "sell (e+)" rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of "Sell" and a consensus target price of $21.60.
View Our Latest Report on Meridian
About Meridian
(
Get Free Report)
Meridian Holdings Inc is engaged in the online gaming and betting business, providing sports betting, online casino, and gaming operations across multiple jurisdictions in Europe, Africa, and Central and South America. The company has three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The MeridianBet Group segment includes retail and online sports betting, casinos, and related gaming operations. The GMAG segment focuses on the resale of third-party gaming content, mainly serving customers in the Asia-Pacific region.
Further Reading
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