Short Interest in Full House Resorts, Inc. (NASDAQ:FLL) Decreases By 6.8%

Full House Resorts, Inc. (NASDAQ:FLL) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 825,700 shares, a drop of 6.8% from the August 31st total of 886,300 shares. Based on an average daily volume of 108,400 shares, the days-to-cover ratio is currently 7.6 days. Approximately 2.6% of the shares of the company are sold short.

Full House Resorts Trading Down 1.0 %

Shares of NASDAQ FLL traded down $0.05 during trading on Tuesday, hitting $4.97. 56,440 shares of the company were exchanged, compared to its average volume of 95,722. Full House Resorts has a 12-month low of $3.40 and a 12-month high of $5.98. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.78 and a current ratio of 0.81. The company has a fifty day moving average price of $5.08 and a 200-day moving average price of $5.09. The firm has a market capitalization of $172.15 million, a PE ratio of -6.82 and a beta of 2.00.

Full House Resorts (NASDAQ:FLL) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.11). The company had revenue of $73.49 million during the quarter, compared to analysts’ expectations 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 firm posted ($0.16) earnings per share. As a group, equities research analysts expect that Full House Resorts will post -0.74 EPS for the current year.

Analyst Upgrades and Downgrades

FLL has been the topic of several recent research reports. JMP Securities lifted 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 note on Wednesday, July 17th. Craig Hallum raised shares of Full House Resorts to a “strong-buy” rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Full House Resorts currently has an average rating of “Moderate Buy” and an average price target of $7.33.

Insider Transactions at Full House Resorts

In related news, Director Eric J. Green purchased 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were purchased at an average price of $5.14 per share, with a total value of $38,550.00. Following the purchase, the director now owns 178,523 shares of the company’s stock, valued at $917,608.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Eric J. Green purchased 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were purchased at an average price of $5.14 per share, with a total value of $38,550.00. Following the purchase, the director now owns 178,523 shares of the company’s stock, valued at $917,608.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Daniel R. Lee sold 8,676 shares of Full House Resorts stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $5.09, for a total transaction of $44,160.84. Following the completion of the sale, the chief executive officer now directly owns 1,588,880 shares in the company, valued at approximately $8,087,399.20. The disclosure for this sale can be found here. Insiders have sold 118,240 shares of company stock valued at $594,966 in the last 90 days. 12.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Full House Resorts

Several hedge funds have recently bought and sold shares of the company. Wasatch Advisors LP grew its stake 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 acquiring an additional 86,333 shares in the last quarter. GSA Capital Partners LLP increased its holdings in 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 purchasing an additional 55,499 shares during the period. Gamco Investors INC. ET AL raised its position in 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 valued at $3,241,000 after purchasing an additional 40,032 shares in the last quarter. Aristides Capital LLC boosted its stake 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 valued at $373,000 after buying an additional 39,706 shares during the period. Finally, Aristeia Capital L.L.C. acquired a new position in shares of Full House Resorts during the second quarter worth about $140,000. Institutional investors and hedge funds own 37.68% of the company’s stock.

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.