Insider Selling: Full House Resorts, Inc. (NASDAQ:FLL) CEO Sells 2,388 Shares of Stock

Full House Resorts, Inc. (NASDAQ:FLL) CEO Daniel R. Lee sold 2,388 shares of Full House Resorts stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $4.99, for a total value of $11,916.12. Following the completion of the sale, the chief executive officer now owns 1,588,880 shares of the company’s stock, valued at approximately $7,928,511.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Full House Resorts Stock Up 0.2 %

Shares of NASDAQ:FLL opened at $4.98 on Thursday. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.78 and a current ratio of 0.81. Full House Resorts, Inc. has a 52-week low of $3.40 and a 52-week high of $5.98. The business’s 50 day simple moving average is $4.98 and its two-hundred day simple moving average is $5.06. The firm has a market cap of $172.49 million, a P/E ratio of -6.92 and a beta of 2.00.

Full House Resorts (NASDAQ:FLL) last issued its earnings results on Tuesday, August 6th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.11). The firm had revenue of $73.49 million during the quarter, compared to the consensus estimate of $79.10 million. Full House Resorts had a negative return on equity of 37.79% and a negative net margin of 10.11%. During the same quarter in the prior year, the business earned ($0.16) earnings per share. As a group, research analysts forecast that Full House Resorts, Inc. will post -0.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Full House Resorts in the 2nd quarter worth about $50,000. SG Americas Securities LLC bought a new stake in Full House Resorts during the 3rd quarter worth approximately $54,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Full House Resorts in the first quarter worth approximately $57,000. Aristeia Capital L.L.C. bought a new position in shares of Full House Resorts in the second quarter valued at approximately $140,000. Finally, Panagora Asset Management Inc. boosted its position in shares of Full House Resorts by 107.6% during the second quarter. Panagora Asset Management Inc. now owns 36,855 shares of the company’s stock valued at $184,000 after buying an additional 19,101 shares during the last quarter. 37.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Craig Hallum raised shares of Full House Resorts to a “strong-buy” rating in a research report on Wednesday, September 4th. JMP Securities raised their price target on shares of Full House Resorts from $6.00 to $7.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Full House Resorts presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.33.

About Full House Resorts

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.