Insider Selling: Meridian (NASDAQ:MRDN) CEO Sells $68,500.00 in Stock

by · The Markets Daily

Meridian Holdings Inc. (NASDAQ:MRDN – Get Free Report) CEO Anthony Brian Goodman sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $13.70, for a total value of $68,500.00. Following the transaction, the chief executive officer owned 438,463 shares in the company, valued at approximately $6,006,943.10. This trade represents a 1.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Anthony Brian Goodman also recently made the following trade(s):

  • On Tuesday, June 23rd, Anthony Brian Goodman sold 5,500 shares of Meridian stock. The shares were sold at an average price of $13.73, for a total value of $75,515.00.
  • On Monday, June 22nd, Anthony Brian Goodman sold 3,650 shares of Meridian stock. The shares were sold at an average price of $13.76, for a total value of $50,224.00.
  • On Monday, June 15th, Anthony Brian Goodman sold 5,000 shares of Meridian stock. The stock was sold at an average price of $14.33, for a total value of $71,650.00.
  • On Friday, June 12th, Anthony Brian Goodman sold 10,000 shares of Meridian stock. The stock was sold at an average price of $12.68, for a total value of $126,800.00.
  • On Thursday, June 11th, Anthony Brian Goodman sold 9,000 shares of Meridian stock. The shares were sold at an average price of $13.02, for a total transaction of $117,180.00.
  • On Wednesday, June 10th, Anthony Brian Goodman sold 7,000 shares of Meridian stock. The shares were sold at an average price of $13.04, for a total transaction of $91,280.00.
  • On Friday, May 22nd, Anthony Brian Goodman sold 12,196 shares of Meridian stock. The stock was sold at an average price of $10.37, for a total transaction of $126,472.52.
  • 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 transaction 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 transaction 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 transaction of $63,400.00.

Meridian Stock Performance

Shares of NASDAQ MRDN traded up $0.01 during midday trading on Wednesday, reaching $13.22. The company’s stock had a trading volume of 56,920 shares, compared to its average volume of 38,773. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.10. Meridian Holdings Inc. has a fifty-two week low of $5.80 and a fifty-two week high of $22.78. The stock’s 50 day moving average price is $10.65. The firm has a market cap of $167.48 million, a P/E ratio of -1.82 and a beta of 0.67.

Meridian (NASDAQ:MRDN – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.18 earnings per share (EPS) for the quarter. Meridian had a negative return on equity of 99.65% and a negative net margin of 45.94%.The business had revenue of $50.10 million for the quarter. Sell-side analysts forecast that Meridian Holdings Inc. will post 0.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on MRDN. Wall Street Zen raised Meridian to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings started coverage on shares of Meridian in a report on Tuesday, April 7th. They issued a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Meridian currently has an average rating of “Sell” and an average target price of $21.60.

View Our Latest Analysis on MRDN

Hedge Funds Weigh In On Meridian

Several hedge funds and other institutional investors have recently modified their holdings of MRDN. Marex Group plc bought a new position in shares of Meridian in the 2nd quarter valued at $26,000. State Street Corp boosted its stake in Meridian by 25.6% in the fourth quarter. State Street Corp now owns 99,899 shares of the company’s stock valued at $80,000 after buying an additional 20,343 shares in the last quarter. Susquehanna International Group LLP boosted its stake in Meridian by 33.7% in the third quarter. Susquehanna International Group LLP now owns 114,409 shares of the company’s stock valued at $129,000 after buying an additional 28,819 shares in the last quarter. Virtu Financial LLC bought a new position in Meridian in the third quarter valued at about $33,000. Finally, Marshall Wace LLP bought a new position in Meridian in the second quarter valued at about $57,000. Institutional investors own 2.74% of the company’s stock.

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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