Boyd Gaming: Insiders and Funds Buying Stock in Q3

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of Boyd Gaming Corp. (NYSE:BYD).

SEC data indicate these insiders have bought Boyd Gaming Corp.’s stock since 06/30/2011:

  • Hirsberg Josh: act as Sr. V.P., Treasurer & CFO(Click HERE for the list of stocks that their CFOs have bought). On 09/14/2011, bought 10,000 shares, worth $56,800.

SEC data indicate that these institutions significantly increased their stock shares of Boyd Gaming Corp. in Q3 2011:

  • PENN CAPITAL MANAGEMENT CO INC: On 06/30/2011, held 0 shares. On 09/30/2011, held 222,068 shares, worth $1,088,133.
  • SUNRISE PARTNERS LLC /CT: On 06/30/2011, held 0 shares. On 09/30/2011, held 172,500 shares, worth $845,250.
  • MAGNETAR FINANCIAL LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 112,636 shares, worth $551,916.
  • BRIDGEWAY CAPITAL MANAGEMENT INC: On 06/30/2011, held 0 shares. On 09/30/2011, held 77,300 shares, worth $378,770.
  • TEXAS PERMANENT SCHOOL FUND: On 06/30/2011, held 0 shares. On 09/30/2011, held 68,849 shares, worth $337,360.

About the company: Boyd Gaming Corporation owns and operates several gaming properties throughout the United States. The Company also operates entertainment, restaurants, shopping, and recreational facilities on its properties.

Competitors to Watch: MGM Resorts International. (NYSE:MGM), Wynn Resorts, Limited (NASDAQ:WYNN), Las Vegas Sands Corp. (NYSE:LVS), Pinnacle Entertainment, Inc (NYSE:PNK), Century Casinos, Inc. (NASDAQ:CNTY), Ameristar Casinos, Inc. (NASDAQ:ASCA),  Monarch Casino & Resort, Inc. (NASDAQ:MCRI), Asia Entertainment & Resources Ltd. (NASDAQ:AERL).

(Note: Data regarding Boyd Gaming Corp.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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