Key Points
- Meridian Holdings CEO Anthony Brian Goodman sold 12,196 shares on May 22 at an average price of $10.37, bringing in about $126,473. After the sale, he still directly owned 479,463 shares valued at roughly $4.97 million.
- The CEO has been actively selling shares in recent weeks, including multiple transactions in April and May, such as two 10,000-share sales earlier in May and several additional sales in mid-to-late April.
- Meridian stock rose 5.7% to $11.07 on Friday, while analysts currently hold a consensus “Sell” rating with a $21.60 price target. The company recently reported quarterly EPS of $0.18 on revenue of $50.1 million.
Meridian Holdings Inc. (NASDAQ:MRDN - Get Free Report) CEO Anthony Brian Goodman sold 12,196 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $10.37, for a total value of $126,472.52. Following the sale, the chief executive officer directly owned 479,463 shares in the company, valued at approximately $4,972,031.31. The trade was a 2.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Anthony Brian Goodman also recently made the following trade(s):
- On Monday, May 4th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The shares were sold at an average price of $12.75, for a total value of $127,500.00.
- On Monday, April 27th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The stock was sold at an average price of $6.41, for a total value of $64,100.00.
- On Friday, April 24th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The stock was sold at an average price of $6.34, for a total value of $63,400.00.
- On Thursday, April 23rd, Anthony Brian Goodman sold 2,000 shares of Meridian stock. The stock was sold at an average price of $6.30, for a total value of $12,600.00.
- On Wednesday, April 22nd, Anthony Brian Goodman sold 4,603 shares of Meridian stock. The stock was sold at an average price of $6.34, for a total value of $29,183.02.
- On Friday, April 17th, Anthony Brian Goodman sold 404 shares of Meridian stock. The stock was sold at an average price of $6.90, for a total value of $2,787.60.
- On Thursday, April 16th, Anthony Brian Goodman sold 3,876 shares of Meridian stock. The stock was sold at an average price of $6.92, for a total value of $26,821.92.
- On Wednesday, April 15th, Anthony Brian Goodman sold 6,900 shares of Meridian stock. The stock was sold at an average price of $6.93, for a total value of $47,817.00.
- On Tuesday, April 14th, Anthony Brian Goodman sold 100 shares of Meridian stock. The stock was sold at an average price of $6.90, for a total value of $690.00.
- On Monday, April 13th, Anthony Brian Goodman sold 713 shares of Meridian stock. The stock was sold at an average price of $6.90, for a total value of $4,919.70.
Meridian Trading Up 5.7%
NASDAQ MRDN opened at $11.07 on Friday. The stock's 50-day simple moving average is $8.69. Meridian Holdings Inc. has a twelve month low of $5.80 and a twelve month high of $23.76. The stock has a market capitalization of $140.26 million, a P/E ratio of -1.52 and a beta of 0.61. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.57 and a quick ratio of 0.48.
Meridian (NASDAQ:MRDN - Get Free Report) last released 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 for the quarter. Meridian had a negative return on equity of 99.65% and a negative net margin of 45.94%. Equities analysts predict that Meridian Holdings Inc. will post 0.33 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on MRDN shares. Wall Street Zen upgraded Meridian to a "strong-buy" rating in a report on Saturday, May 9th. Weiss Ratings started coverage on Meridian in a report on Tuesday, April 7th. They issued a "sell (e+)" rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Sell" and a consensus price target of $21.60.
Check Out Our Latest Analysis on MRDN
Hedge Funds Weigh In On Meridian
A number of large investors have recently modified their holdings of MRDN. Topline Capital Management LLC raised its holdings in shares of Meridian by 1,072.4% in the 3rd quarter. Topline Capital Management LLC now owns 623,909 shares of the company's stock worth $705,000 after purchasing an additional 570,694 shares during the period. Whetstone Capital Advisors LLC purchased a new stake in shares of Meridian during the 4th quarter valued at about $331,000. Citadel Advisors LLC raised its holdings in shares of Meridian by 1,603.2% during the 3rd quarter. Citadel Advisors LLC now owns 206,082 shares of the company's stock valued at $233,000 after buying an additional 193,982 shares during the period. Sandhill Capital Partners LLC purchased a new stake in shares of Meridian during the 3rd quarter valued at about $195,000. Finally, Squarepoint Ops LLC boosted its holdings in Meridian by 115.2% in the 3rd quarter. Squarepoint Ops LLC now owns 148,302 shares of the company's stock worth $168,000 after acquiring an additional 79,382 shares during the period. 2.74% of the stock is currently owned by hedge funds and other institutional investors.
Meridian Company Profile
(
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.
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