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 the company’s stock in a transaction 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 transaction, the chief executive officer now owns 1,588,880 shares in the company, valued at $7,928,511.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Full House Resorts Stock Down 0.6 %

Shares of NASDAQ FLL opened at $5.00 on Tuesday. The stock has a market cap of $173.19 million, a P/E ratio of -6.94 and a beta of 2.00. The company has a current ratio of 0.81, a quick ratio of 0.78 and a debt-to-equity ratio of 7.88. Full House Resorts, Inc. has a 12-month low of $3.40 and a 12-month high of $5.98. The business’s fifty day simple moving average is $4.98 and its 200-day simple moving average is $5.06.

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

Analysts Set New Price Targets

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

Institutional Trading of Full House Resorts

Several hedge funds have recently modified their holdings of the stock. Gabelli Funds LLC raised its stake in shares of Full House Resorts by 0.3% in the second quarter. Gabelli Funds LLC now owns 600,000 shares of the company’s stock valued at $3,000,000 after acquiring an additional 2,000 shares in the last quarter. Rhumbline Advisers increased its holdings in Full House Resorts by 14.6% in the second quarter. Rhumbline Advisers now owns 59,333 shares of the company’s stock valued at $297,000 after buying an additional 7,551 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Full House Resorts in the second quarter valued at $50,000. Price T Rowe Associates Inc. MD purchased a new position in Full House Resorts in the first quarter valued at $57,000. Finally, SG Americas Securities LLC purchased a new position in Full House Resorts in the third quarter valued at $54,000. 37.68% of the stock is currently owned by institutional investors and hedge funds.

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.