Ownership Action Report: Is Dover Downs Gaming & Entertainment Inc (NYSE:DDE) Going to Burn These Institutional Investors?

November 16, 2016 - By Peter Erickson   ·   0 Comments

Ownership Action Report: Is Dover Downs Gaming & Entertainment Inc (NYSE:DDE) Going to Burn These Institutional Investors?

Sentiment for Dover Downs Gaming & Entertainment Inc (NYSE:DDE)

Dover Downs Gaming & Entertainment Inc (NYSE:DDE) institutional sentiment increased to 1.8 in Q2 2016. Its up 0.63, from 1.17 in 2016Q1. The ratio has improved, as 9 funds increased or opened new positions, while 5 sold and reduced their equity positions in Dover Downs Gaming & Entertainment Inc. The funds in our partner’s database now have: 4.57 million shares, up from 3.60 million shares in 2016Q1. Also, the number of funds holding Dover Downs Gaming & Entertainment Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 3 Increased: 9 New Position: 0.

Dover Downs Gaming & Entertainment, Inc. is a holding company. The company has a market cap of $35.41 million. The Company, through its subsidiaries, operates gaming and entertainment resort destination. It has a 19.28 P/E ratio. The Firm operates through its gaming and entertainment segment.

About 12,500 shares traded hands. Dover Downs Gaming & Entertainment, Inc. (NYSE:DDE) has declined 0.92% since April 14, 2016 and is downtrending. It has underperformed by 5.60% the S&P500.

According to Zacks Investment Research, “Dover Downs Gaming & Entertainment, Inc. is a diversified gaming and entertainment company whose operations consist of Dover Downs Slots, an 80,000 square foot video lottery (slots) casino complex; the Dover Downs Hotel and Conference Center, featuring luxury accommodations with conference, banquet, fine dining, ballroom and concert hall facilities; and the Dover Downs Raceway, a harness racing track with pari-mutuel wagering on live and simulcast horse races.”

Nantahala Capital Management Llc holds 0.12% of its portfolio in Dover Downs Gaming & Entertainment, Inc. for 1.07 million shares. Grt Capital Partners L.L.C. owns 361,511 shares or 0.1% of their US portfolio. Moreover, Rbf Capital Llc has 0.04% invested in the company for 174,713 shares. The Us-based Ancora Advisors Llc has invested 0.01% in the stock. Teton Advisors Inc., a New York-based fund reported 139,000 shares.#img1#

Dover Downs Gaming & Entertainment, Inc. (NYSE:DDE) Ratings Coverage

Ratings analysis reveals 0 of Dover Downs Gaming and Entertainment’s analysts are positive. Out of 2 Wall Street analysts rating Dover Downs Gaming and Entertainment, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. DDE was included in 2 notes of analysts from October 16, 2015. The firm earned “Neutral” rating on Wednesday, March 16 by JP Morgan. The firm has “Hold” rating by TheStreet given on Friday, October 16.

DDE Company Profile

Dover Downs Gaming & Entertainment, Inc., incorporated on November 16, 2001, is a holding company. The Company, through its subsidiaries, operates gaming and entertainment resort destination. The Firm operates through its gaming and entertainment segment. The Company’s activities consist of Dover Downs Casino, Dover Downs Hotel and Conference Center and Dover Downs Raceway. Dover Downs Casino features table games, including craps, roulette and card games, such as blackjack, Spanish 21, baccarat, 3-card and pai gow poker, slot machine offerings, multi-player electronic table games, a poker room, a Race and Sports Book operation, the Dover Downs’ Fire & Ice Lounge, the Festival Buffet, Doc Magrogan’s Oyster House, Frankie’s Italian restaurant, as well as various bars, restaurants and over four retail outlets. Dover Downs Hotel and Conference Center is approximately 500 room AAA Four Diamond hotel with a dining restaurant, full service spa/salon, conference, banquet, ballroom and concert hall facilities. Dover Downs Raceway is a harness racing track with pari-mutuel wagering on live and simulcast horse races. The Firm has two wholly owned subsidiaries: Dover Downs, Inc. and Dover Downs Gaming Management Corp.

More notable recent Dover Downs Gaming & Entertainment, Inc. (NYSE:DDE) news were published by: Businesswire.com which released: “Dover Downs Gaming & Entertainment, Inc. Reports Results for the Third Quarter …” on October 27, 2016, also Businesswire.com with their article: “Dover Downs Gaming & Entertainment, Inc. Reports Results for the First Quarter …” published on April 28, 2016, Businesswire.com published: “Dover Downs Gaming & Entertainment, Inc. Reports Results for the Second …” on July 28, 2016. More interesting news about Dover Downs Gaming & Entertainment, Inc. (NYSE:DDE) were released by: Seekingalpha.com and their article: “Dover Downs Gaming & Entertainment’s (DDE) CEO Denis McGlynn on Q2 2016 …” published on July 31, 2016 as well as Philly.com‘s news article titled: “A warning for Dover Downs Gaming & Entertainment investors” with publication date: March 10, 2014.

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By Peter Erickson


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