R Squared Ltd Acquires 13,372 Shares of Full House Resorts, Inc. $FLL

R Squared Ltd grew its holdings in shares of Full House Resorts, Inc. (NASDAQ:FLL) by 124.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 24,120 shares of the company’s stock after buying an additional 13,372 shares during the period. R Squared Ltd’s holdings in Full House Resorts were worth $88,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FLL. American Century Companies Inc. boosted its holdings in shares of Full House Resorts by 33.1% in the first quarter. American Century Companies Inc. now owns 474,048 shares of the company’s stock valued at $1,982,000 after purchasing an additional 117,936 shares during the period. Jefferies Financial Group Inc. boosted its holdings in shares of Full House Resorts by 74.4% in the first quarter. Jefferies Financial Group Inc. now owns 185,428 shares of the company’s stock valued at $775,000 after purchasing an additional 79,123 shares during the period. Nuveen LLC purchased a new stake in shares of Full House Resorts in the first quarter valued at approximately $541,000. Catawba River Capital boosted its holdings in shares of Full House Resorts by 8.9% in the second quarter. Catawba River Capital now owns 1,635,973 shares of the company’s stock valued at $5,988,000 after purchasing an additional 133,766 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Full House Resorts by 6.0% in the first quarter. Bank of New York Mellon Corp now owns 74,322 shares of the company’s stock valued at $311,000 after purchasing an additional 4,187 shares during the period. Institutional investors own 37.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FLL. JMP Securities boosted their price target on Full House Resorts from $4.00 to $5.00 and gave the company a “market outperform” rating in a report on Friday, July 18th. Weiss Ratings reissued a “sell (e+)” rating on shares of Full House Resorts in a research note on Saturday. Finally, Macquarie reissued a “neutral” rating and issued a $4.00 price objective on shares of Full House Resorts in a research note on Friday, August 8th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $5.50.

Full House Resorts Stock Performance

Shares of FLL stock opened at $2.82 on Monday. The company has a market cap of $101.83 million, a PE ratio of -2.45 and a beta of 1.54. The company has a current ratio of 0.63, a quick ratio of 0.60 and a debt-to-equity ratio of 22.08. Full House Resorts, Inc. has a 12-month low of $2.50 and a 12-month high of $5.59. The business’s fifty day simple moving average is $3.24 and its 200-day simple moving average is $3.53.

Full House Resorts (NASDAQ:FLL) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.09). The company had revenue of $73.95 million for the quarter, compared to analysts’ expectations of $80.47 million. Full House Resorts had a negative net margin of 13.75% and a negative return on equity of 118.79%.

Insider Buying and Selling at Full House Resorts

In related news, Director Eric J. Green acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were purchased at an average cost of $3.54 per share, with a total value of $35,400.00. Following the completion of the acquisition, the director directly owned 233,959 shares of the company’s stock, valued at $828,214.86. This represents a 4.47% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.40% of the stock is owned by company insiders.

Full House Resorts Profile

Full House Resorts, Inc owns, leases, operates, develops, manages, and invests in casinos, and related hospitality and entertainment facilities in the United States. It operates through Midwest & South, West, and Contracted Sports Wagering segments. The company's properties include American Place in Waukegan, Illinois; Silver Slipper Casino and Hotel in Hancock County, Mississippi; Rising Star Casino Resort in Rising Sun, Indiana; Bronco Billy's Casino and Chamonix Casino Hotel in Cripple Creek, Colorado; Stockman's Casino in Fallon, Nevada; and Grand Lodge Casino, located within the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada.