Full House Resorts, Inc. (NASDAQ:FLL) Sees Significant Decrease in Short Interest

Full House Resorts, Inc. (NASDAQ:FLL) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 793,000 shares, a decline of 14.6% from the July 15th total of 928,400 shares. Based on an average daily volume of 106,000 shares, the days-to-cover ratio is presently 7.5 days. Approximately 2.4% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

FLL has been the subject of a number of research reports. B. Riley assumed coverage on Full House Resorts in a report on Friday, April 26th. They issued a “buy” rating and a $9.00 price objective for the company. JMP Securities increased their target price on Full House Resorts from $6.00 to $7.00 and gave the company a “market outperform” rating in a report on Wednesday, July 17th.

Insider Activity at Full House Resorts

In related news, CEO Daniel R. Lee sold 35,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $5.02, for a total transaction of $175,700.00. Following the completion of the transaction, the chief executive officer now directly owns 1,116,249 shares in the company, valued at $5,603,569.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Daniel R. Lee sold 35,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $5.02, for a total transaction of $175,700.00. Following the completion of the transaction, the chief executive officer now directly owns 1,116,249 shares in the company, valued at $5,603,569.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO John Ferrucci sold 18,499 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $5.00, for a total value of $92,495.00. Following the completion of the transaction, the chief operating officer now owns 28,328 shares of the company’s stock, valued at $141,640. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,512 shares of company stock worth $399,331. 12.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP raised its position in shares of Full House Resorts by 11.4% in the 1st 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 in the last quarter. GSA Capital Partners LLP raised its position in shares of Full House Resorts by 48.3% in 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. Gamco Investors INC. ET AL raised its position in shares of Full House Resorts by 7.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 581,932 shares of the company’s stock worth $3,241,000 after acquiring an additional 40,032 shares in the last quarter. Aristides Capital LLC raised its position in shares of Full House Resorts by 133.3% in the 4th quarter. Aristides Capital LLC now owns 69,498 shares of the company’s stock worth $373,000 after acquiring an additional 39,706 shares in the last quarter. Finally, Aristeia Capital L.L.C. bought a new position in shares of Full House Resorts in the 2nd quarter worth approximately $140,000. Institutional investors own 37.68% of the company’s stock.

Full House Resorts Trading Up 1.6 %

FLL opened at $5.08 on Monday. The business has a 50 day simple moving average of $5.09 and a two-hundred day simple moving average of $5.08. The firm has a market capitalization of $175.96 million, a price-to-earnings ratio of -7.06 and a beta of 2.00. The company has a debt-to-equity ratio of 6.96, a current ratio of 0.91 and a quick ratio of 0.88. Full House Resorts has a one year low of $3.40 and a one year high of $5.98.

Full House Resorts (NASDAQ:FLL) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.11). The business had revenue of $73.49 million for the quarter, compared to the consensus estimate of $79.10 million. Full House Resorts had a negative net margin of 9.49% and a negative return on equity of 31.04%. During the same period in the previous year, the company earned ($0.16) EPS. Analysts predict that Full House Resorts will post -0.59 EPS for the current year.

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.