MetLife Investment Management LLC Lowers Stock Holdings in Full House Resorts, Inc. (NASDAQ:FLL)

MetLife Investment Management LLC lessened its position in shares of Full House Resorts, Inc. (NASDAQ:FLL) by 72.1% in the third quarter, Holdings Channel.com reports. The fund owned 5,376 shares of the company’s stock after selling 13,926 shares during the quarter. MetLife Investment Management LLC’s holdings in Full House Resorts were worth $27,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FLL. KG&L Capital Management LLC purchased a new stake in Full House Resorts during the third quarter valued at about $50,000. B. Riley Wealth Advisors Inc. purchased a new stake in Full House Resorts during the second quarter valued at about $50,000. SG Americas Securities LLC purchased a new stake in Full House Resorts during the third quarter valued at about $54,000. Price T Rowe Associates Inc. MD purchased a new stake in Full House Resorts during the first quarter valued at about $57,000. Finally, Aristeia Capital L.L.C. purchased a new stake in Full House Resorts during the second quarter valued at about $140,000. Hedge funds and other institutional investors own 37.68% of the company’s stock.

Full House Resorts Price Performance

Shares of NASDAQ FLL opened at $4.53 on Wednesday. Full House Resorts, Inc. has a 1-year low of $4.42 and a 1-year high of $5.98. The business has a 50-day moving average of $4.88 and a 200-day moving average of $4.99. The company has a debt-to-equity ratio of 9.04, a current ratio of 0.87 and a quick ratio of 0.83. The company has a market capitalization of $161.27 million, a price-to-earnings ratio of -3.84 and a beta of 1.89.

Insider Transactions at Full House Resorts

In related news, CEO Daniel R. Lee sold 8,954 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $5.08, for a total value of $45,486.32. Following the transaction, the chief executive officer now owns 1,588,880 shares in the company, valued at approximately $8,071,510.40. The trade was a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Lewis A. Fanger sold 37,738 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $5.05, for a total value of $190,576.90. Following the completion of the transaction, the chief financial officer now owns 254,658 shares in the company, valued at approximately $1,286,022.90. This trade represents a 12.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 141,148 shares of company stock valued at $705,545 over the last quarter. Company insiders own 12.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FLL shares. JMP Securities lowered their price target on Full House Resorts from $7.00 to $6.00 and set a “market outperform” rating for the company in a research report on Thursday, November 7th. B. Riley lowered their price target on Full House Resorts from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Craig Hallum raised Full House Resorts to a “strong-buy” rating in a research report on Wednesday, September 4th.

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.