Nevada Gold & Casinos (UWN) Releases Quarterly Earnings Results
Nevada Gold & Casinos (NYSEMKT:UWN) released its earnings results on Thursday. The company reported $0.01 earnings per share for the quarter, Bloomberg Earnings reports. Nevada Gold & Casinos had a net margin of 6.04% and a return on equity of 14.14%. The company had revenue of $18.49 million during the quarter.
Nevada Gold & Casinos (NYSEMKT:UWN) traded down 2.97% during mid-day trading on Friday, reaching $2.29. 19,587 shares of the company traded hands. The stock’s 50-day moving average price is $2.38 and its 200-day moving average price is $2.28. Nevada Gold & Casinos has a one year low of $1.59 and a one year high of $2.63. The firm has a market cap of $38.55 million and a PE ratio of 76.33.
Institutional investors have recently added to or reduced their stakes in the stock. Lafitte Capital Management LP bought a new position in Nevada Gold & Casinos during the 1st quarter worth approximately $1,771,000. Renaissance Technologies LLC boosted its stake in Nevada Gold & Casinos by 5.3% during the 1st quarter. Renaissance Technologies LLC now owns 997,880 shares of the company’s stock worth $2,125,000 after acquiring an additional 50,480 shares during the last quarter. Vanguard Group Inc. boosted its stake in Nevada Gold & Casinos by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 353,436 shares of the company’s stock worth $792,000 after acquiring an additional 1,007 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in Nevada Gold & Casinos by 12.1% during the 2nd quarter. Private Advisor Group LLC now owns 69,599 shares of the company’s stock worth $155,000 after acquiring an additional 7,500 shares during the last quarter.
Nevada Gold & Casinos announced that its board has approved a stock repurchase plan on Wednesday, July 12th that allows the company to buyback $2.00 million in shares. This buyback authorization allows the company to purchase up to 5.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.
TRADEMARK VIOLATION NOTICE: “Nevada Gold & Casinos (UWN) Releases Quarterly Earnings Results” was first posted by American Banking News and is owned by of American Banking News. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/09/15/nevada-gold-casinos-uwn-releases-quarterly-earnings-results.html.
Separately, ValuEngine raised shares of Nevada Gold & Casinos from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.
Nevada Gold & Casinos Company Profile
Nevada Gold & Casinos, Inc is a gaming company involved in financing, developing, owning and operating gaming properties and projects. The Company’s segments include Washington, South Dakota, Nevada and Corporate. The Company operated a portfolio of nine mini-casinos in Washington State (Washington), which include restaurants, bars and approximately 126 table games, at April 30, 2016.
Receive News & Ratings for Nevada Gold & Casinos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nevada Gold & Casinos and related companies with MarketBeat.com's FREE daily email newsletter.