B. Riley Wealth Advisors Inc. Takes $50,000 Position in Full House Resorts, Inc. (NASDAQ:FLL)

B. Riley Wealth Advisors Inc. bought a new position in shares of Full House Resorts, Inc. (NASDAQ:FLL) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,000 shares of the company’s stock, valued at approximately $50,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FLL. Price T Rowe Associates Inc. MD bought a new stake in Full House Resorts in the 1st quarter valued at $57,000. Aristeia Capital L.L.C. bought a new position in Full House Resorts during the second quarter worth about $140,000. Panagora Asset Management Inc. lifted its stake in Full House Resorts by 107.6% during the second quarter. Panagora Asset Management Inc. now owns 36,855 shares of the company’s stock worth $184,000 after purchasing an additional 19,101 shares during the period. Rhumbline Advisers boosted its holdings in Full House Resorts by 14.6% during the second quarter. Rhumbline Advisers now owns 59,333 shares of the company’s stock valued at $297,000 after purchasing an additional 7,551 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Full House Resorts by 13.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 96,749 shares of the company’s stock valued at $484,000 after purchasing an additional 11,288 shares during the period. 37.68% of the stock is currently owned by institutional investors.

Full House Resorts Trading Up 0.2 %

FLL stock opened at $4.99 on Friday. The business has a fifty day moving average price of $4.99 and a 200 day moving average price of $5.09. The company has a debt-to-equity ratio of 7.88, a current ratio of 0.81 and a quick ratio of 0.78. Full House Resorts, Inc. has a fifty-two week low of $3.40 and a fifty-two week high of $5.98. The stock has a market capitalization of $172.84 million, a price-to-earnings ratio of -6.93 and a beta of 2.00.

Full House Resorts (NASDAQ:FLL) last announced its 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). The business 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 last year, the business posted ($0.16) earnings per share. Analysts expect that Full House Resorts, Inc. will post -0.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other Full House Resorts news, CEO Daniel R. Lee sold 23,890 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $4.84, for a total transaction of $115,627.60. Following the transaction, the chief executive officer now owns 1,588,880 shares of the company’s stock, valued at approximately $7,690,179.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Daniel R. Lee sold 35,000 shares of Full House Resorts stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $5.02, for a total transaction of $175,700.00. Following the completion of the sale, the chief executive officer now owns 1,116,249 shares in the company, valued at $5,603,569.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Daniel R. Lee sold 23,890 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $4.84, for a total transaction of $115,627.60. Following the sale, the chief executive officer now directly owns 1,588,880 shares of the company’s stock, valued at approximately $7,690,179.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 145,670 shares of company stock valued at $728,294. Insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

FLL has been the topic of a number of analyst reports. Craig Hallum upgraded Full House Resorts to a “strong-buy” rating in a research report on Wednesday, September 4th. JMP Securities increased their target price on shares of Full House Resorts from $6.00 to $7.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $7.33.

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.