Full House Resorts (NASDAQ:FLL) Shares Pass Above 200-Day Moving Average of $5.06

Shares of Full House Resorts, Inc. (NASDAQ:FLL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.06 and traded as high as $5.07. Full House Resorts shares last traded at $5.07, with a volume of 74,794 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FLL. B. Riley initiated coverage on shares of Full House Resorts in a research note on Friday, April 26th. They set a “buy” rating and a $9.00 price objective on the stock. JMP Securities decreased their price target on shares of Full House Resorts from $7.00 to $6.00 and set a “market outperform” rating for the company in a research report on Wednesday, March 6th.

Full House Resorts Stock Performance

The firm has a market cap of $175.62 million, a price-to-earnings ratio of -7.04 and a beta of 1.92. The company has a debt-to-equity ratio of 6.96, a current ratio of 0.91 and a quick ratio of 0.88. The firm has a fifty day simple moving average of $5.03 and a two-hundred day simple moving average of $5.06.

Full House Resorts (NASDAQ:FLL) last released its earnings results on Wednesday, May 8th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.18). Full House Resorts had a negative return on equity of 31.04% and a negative net margin of 9.49%. The company had revenue of $69.92 million during the quarter, compared to analyst estimates of $71.20 million. On average, analysts expect that Full House Resorts, Inc. will post -0.59 EPS for the current year.

Insider Buying and Selling

In other Full House Resorts news, CFO Lewis A. Fanger sold 9,503 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $5.22, for a total value of $49,605.66. Following the sale, the chief financial officer now directly owns 273,155 shares of the company’s stock, valued at $1,425,869.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Elaine Guidroz sold 10,375 shares of Full House Resorts stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $5.23, for a total value of $54,261.25. Following the sale, the senior vice president now directly owns 45,757 shares in the company, valued at approximately $239,309.11. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Lewis A. Fanger sold 9,503 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $5.22, for a total value of $49,605.66. Following the completion of the transaction, the chief financial officer now directly owns 273,155 shares of the company’s stock, valued at $1,425,869.10. The disclosure for this sale can be found here. Insiders sold 26,004 shares of company stock valued at $135,974 over the last quarter. 12.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Full House Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in FLL. Wasatch Advisors LP increased its stake in Full House Resorts by 11.4% during the first quarter. Wasatch Advisors LP now owns 840,579 shares of the company’s stock worth $4,682,000 after acquiring an additional 86,333 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Full House Resorts by 7.4% during the first quarter. Gamco Investors INC. ET AL now owns 581,932 shares of the company’s stock worth $3,241,000 after buying an additional 40,032 shares during the period. GSA Capital Partners LLP boosted its position in shares of Full House Resorts by 48.3% during the 1st quarter. GSA Capital Partners LLP now owns 170,321 shares of the company’s stock worth $949,000 after acquiring an additional 55,499 shares in the last quarter. Aristides Capital LLC lifted its position in shares of Full House Resorts by 133.3% during the 4th quarter. Aristides Capital LLC now owns 69,498 shares of the company’s stock worth $373,000 after buying an additional 39,706 shares during the last quarter. Finally, Bard Associates Inc. lifted its position in Full House Resorts by 6.2% in the fourth quarter. Bard Associates Inc. now owns 36,075 shares of the company’s stock valued at $194,000 after acquiring an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 37.68% of the company’s stock.

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.