Insider Selling: Full House Resorts, Inc. (NASDAQ:FLL) CEO Sells 8,676 Shares of Stock

Full House Resorts, Inc. (NASDAQ:FLL) CEO Daniel R. Lee sold 8,676 shares of Full House Resorts stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $5.09, for a total value of $44,160.84. Following the completion of the transaction, the chief executive officer now owns 1,588,880 shares in the company, valued at approximately $8,087,399.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Full House Resorts Stock Down 2.4 %

FLL stock traded down $0.12 during midday trading on Wednesday, hitting $4.98. The stock had a trading volume of 71,969 shares, compared to its average volume of 93,556. The firm has a market cap of $172.49 million, a price-to-earnings ratio of -6.92 and a beta of 2.00. The business has a 50-day moving average of $5.14 and a two-hundred day moving average of $5.09. Full House Resorts, Inc. has a 52-week low of $3.40 and a 52-week high of $5.98. The company has a debt-to-equity ratio of 7.88, a current ratio of 0.81 and a quick ratio of 0.78.

Full House Resorts (NASDAQ:FLL) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.11). The firm had revenue of $73.49 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned ($0.16) earnings per share. As a group, equities research analysts forecast that Full House Resorts, Inc. will post -0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FLL has been the topic of several research analyst reports. Craig Hallum raised Full House Resorts to a “strong-buy” rating in a research note on Wednesday, September 4th. JMP Securities boosted their target price on Full House Resorts from $6.00 to $7.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 17th. One research 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $7.33.

Institutional Investors Weigh In On Full House Resorts

Institutional investors have recently modified their holdings of the stock. Bard Associates Inc. grew its stake in shares of Full House Resorts by 6.2% in the fourth quarter. Bard Associates Inc. now owns 36,075 shares of the company’s stock worth $194,000 after acquiring an additional 2,100 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new position in shares of Full House Resorts during the first quarter valued at $57,000. Aristides Capital LLC lifted its holdings in shares of Full House Resorts by 133.3% during the fourth quarter. Aristides Capital LLC now owns 69,498 shares of the company’s stock valued at $373,000 after purchasing an additional 39,706 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of Full House Resorts by 11.4% during the first quarter. Wasatch Advisors LP now owns 840,579 shares of the company’s stock valued at $4,682,000 after purchasing an additional 86,333 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings 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 purchasing an additional 19,101 shares in the last quarter. 37.68% of the stock is owned by hedge funds and other institutional investors.

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.