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Cripple Creek Today
By the People, for the People
DAVENPORT & Co LLC Sells Shares of Golden Entertainment, Inc.
The institutional investor reduced its stake in the casino and hospitality company by over 77%.
Mar. 27, 2026 at 8:06am
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DAVENPORT & Co LLC, an institutional investor, lowered its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 77.3% during the 4th quarter, according to a recent filing with the Securities & Exchange Commission. The firm now owns 346,071 shares of the company's stock, down from 1,521,937 shares previously.
Why it matters
This significant reduction in DAVENPORT & Co LLC's stake in Golden Entertainment could signal a shift in investor sentiment or portfolio strategy for the institutional investor. Golden Entertainment operates casinos, tavern-casinos, and a slot machine distribution network, primarily in the Western U.S. markets.
The details
According to the filing, DAVENPORT & Co LLC sold 1,175,866 shares of Golden Entertainment during the fourth quarter. The firm now owns approximately 1.32% of the company's outstanding shares, valued at $9.4 million as of the most recent filing. Other hedge funds and institutional investors have also modified their holdings of Golden Entertainment in recent quarters.
- The share sale occurred during the 4th quarter of 2025.
The players
DAVENPORT & Co LLC
An institutional investor that previously held a significant stake in Golden Entertainment, Inc.
Golden Entertainment, Inc.
A diversified gaming and hospitality company that operates casinos, tavern-casinos, and a slot machine distribution network primarily in the Western U.S.
The takeaway
The substantial reduction in DAVENPORT & Co LLC's position in Golden Entertainment could reflect broader market trends or changes in the institutional investor's strategy. However, without additional context, it is difficult to determine the specific reasons behind the sell-off or the potential implications for Golden Entertainment's future performance.
