Douglas Emmett Inc (DEI) stock has experienced a significant surge this week, gaining 18.24% and currently trading at $13.42 as of 12:35 PM on Friday, December 1st [fbb958fd]. The company is a real estate investment trust that specializes in owning office and multifamily properties in Los Angeles and Honolulu. Its real estate portfolio primarily consists of office buildings in Los Angeles, with major tenants including legal, financial, and entertainment firms. This recent surge in stock value indicates growing investor confidence in Douglas Emmett Inc's prospects [fbb958fd].
Jump Financial LLC, an institutional investor, has sold 4,360 shares of Golden Entertainment, Inc. (NASDAQ:GDEN) during the 3rd quarter, reducing its stake by 41.9%. The investor now owns 6,051 shares of the company's stock, valued at $207,000. Other institutional investors, including Pinebridge Investments L.P., Point72 Hong Kong Ltd, Allspring Global Investments Holdings LLC, Lazard Asset Management LLC, and Tower Research Capital LLC TRC, have also modified their holdings of GDEN. CFO Charles Protell sold 13,557 shares of the company's stock in December 2023. Golden Entertainment's stock opened at $37.46 on Friday, with a fifty-day moving average of $39.31 and a two-hundred-day moving average of $36.99. The company has a market cap of $1.07 billion and a P/E ratio of 4.18. Analysts have raised their rating on Golden Entertainment from 'hold' to 'buy' [1049b6d7].
MSD Partners L.P. has sold 41,714 shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) during the third quarter, reducing its holdings by 62.5%. The firm now owns 25,000 shares of the company's stock worth $304,000. Other institutional investors and hedge funds have also recently bought and sold shares of GDYN. Grid Dynamics reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08. The company's revenue was $78.07 million, down 3.1% compared to the same quarter last year. Analysts have given GDYN an average rating of 'Buy' with a price target of $15.50. Insiders have sold 94,000 shares of company stock valued at $1,241,520 [05adfce1].