Full House Resorts, Inc. (NASDAQ:FLL) CEO Daniel R. Lee Sells 3,540 Shares

Full House Resorts, Inc. (NASDAQ:FLL) CEO Daniel R. Lee sold 3,540 shares of Full House Resorts stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $5.00, for a total transaction of $17,700.00. Following the transaction, the chief executive officer now directly owns 1,588,880 shares in the company, valued at approximately $7,944,400. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Full House Resorts Price Performance

Shares of NASDAQ:FLL opened at $5.00 on Wednesday. The company has a market capitalization of $173.19 million, a price-to-earnings ratio of -6.94 and a beta of 2.00. The company has a 50 day moving average of $5.01 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 quick ratio of 0.78, a current ratio of 0.81 and a debt-to-equity ratio of 7.88.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FLL. JMP Securities raised their target price on shares of 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. Craig Hallum raised Full House Resorts to a “strong-buy” rating in a research report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Full House Resorts currently has an average rating of “Moderate Buy” and a consensus target price of $7.33.

Hedge Funds Weigh In On Full House Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Full House Resorts in the 3rd quarter valued at about $54,000. B. Riley Wealth Advisors Inc. purchased a new position in Full House Resorts in the 2nd quarter valued at about $50,000. Aristeia Capital L.L.C. purchased a new position in Full House Resorts in the 2nd quarter valued at about $140,000. Gabelli Funds LLC boosted its position in Full House Resorts by 0.3% in the 2nd quarter. Gabelli Funds LLC now owns 600,000 shares of the company’s stock valued at $3,000,000 after buying an additional 2,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Full House Resorts by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 230,017 shares of the company’s stock valued at $1,150,000 after buying an additional 19,802 shares during the last quarter. 37.68% of the stock is owned by hedge funds and other institutional investors.

Full House Resorts Company 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.