Short Interest in Full House Resorts, Inc. (NASDAQ:FLL) Drops By 5.3%

Full House Resorts, Inc. (NASDAQ:FLL) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 865,900 shares, a drop of 5.3% from the May 31st total of 914,500 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average daily volume of 82,400 shares, the short-interest ratio is currently 10.5 days.

Full House Resorts Stock Up 6.1 %

Shares of NASDAQ FLL opened at $4.88 on Wednesday. The stock has a market cap of $169.04 million, a P/E ratio of -6.78 and a beta of 2.00. The firm has a 50 day moving average price of $5.01 and a 200 day moving average price of $5.05. The company has a debt-to-equity ratio of 6.96, a quick ratio of 0.88 and a current ratio of 0.91. Full House Resorts has a 52-week low of $3.40 and a 52-week high of $6.90.

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

Insider Activity at Full House Resorts

In other Full House Resorts news, SVP Elaine Guidroz sold 10,375 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $5.23, for a total value of $54,261.25. Following the completion of the sale, the senior vice president now owns 45,757 shares in the company, valued at approximately $239,309.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Full House Resorts news, SVP Elaine Guidroz sold 10,375 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $5.23, for a total value of $54,261.25. Following the completion of the sale, the senior vice president now owns 45,757 shares in the company, valued at approximately $239,309.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Lewis A. Fanger sold 9,503 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $5.22, for a total transaction of $49,605.66. Following the completion of the sale, the chief financial officer now owns 273,155 shares of the company’s stock, valued at approximately $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 in the last ninety days. Insiders own 12.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Bard Associates Inc. lifted its position 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 purchasing an additional 2,100 shares in the last quarter. Aristides Capital LLC lifted its position in shares of Full House Resorts by 133.3% in the fourth quarter. Aristides Capital LLC now owns 69,498 shares of the company’s stock worth $373,000 after purchasing an additional 39,706 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Full House Resorts in the fourth quarter worth $78,000. Wasatch Advisors LP lifted its position in shares of Full House Resorts by 11.4% in the first quarter. Wasatch Advisors LP now owns 840,579 shares of the company’s stock worth $4,682,000 after purchasing an additional 86,333 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new stake in shares of Full House Resorts in the first quarter worth $57,000. Institutional investors own 37.68% of the company’s stock.

Analyst Upgrades and Downgrades

FLL has been the subject of several analyst reports. B. Riley initiated coverage on shares of Full House Resorts in a research report on Friday, April 26th. They set a “buy” rating and a $9.00 price target for the company. JMP Securities decreased their price objective on shares of Full House Resorts from $7.00 to $6.00 and set a “market outperform” rating for the company in a report on Wednesday, March 6th.

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.