Daniel R. Lee Sells 23,890 Shares of Full House Resorts, Inc. (NASDAQ:FLL) Stock

Full House Resorts, Inc. (NASDAQ:FLL) CEO Daniel R. Lee sold 23,890 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were 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. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Full House Resorts Price Performance

Full House Resorts stock traded down $0.11 during mid-day trading on Thursday, hitting $4.83. The stock had a trading volume of 75,551 shares, compared to its average volume of 95,746. Full House Resorts, Inc. has a one year low of $3.40 and a one year high of $5.98. The company has a current ratio of 0.81, a quick ratio of 0.78 and a debt-to-equity ratio of 7.88. The firm’s 50 day moving average is $5.06 and its 200 day moving average is $5.09. The firm has a market capitalization of $167.30 million, a P/E ratio of -6.75 and a beta of 2.00.

Full House Resorts (NASDAQ:FLL) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.11). The firm had revenue of $73.49 million during the quarter, compared to the consensus estimate of $79.10 million. Full House Resorts had a negative return on equity of 37.79% and a negative net margin of 10.11%. During the same period in the previous year, the firm earned ($0.16) EPS. On average, sell-side analysts forecast that Full House Resorts, Inc. will post -0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Full House Resorts

A number of hedge funds have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. bought a new stake in shares of Full House Resorts in the 2nd quarter worth about $50,000. Price T Rowe Associates Inc. MD bought a new position in shares of Full House Resorts in the 1st quarter valued at about $57,000. SG Americas Securities LLC purchased a new position in Full House Resorts in the third quarter worth about $54,000. Aristeia Capital L.L.C. bought a new stake in Full House Resorts during the second quarter worth approximately $140,000. Finally, Panagora Asset Management Inc. raised its position 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 valued at $184,000 after purchasing an additional 19,101 shares during the period. Hedge funds and other institutional investors own 37.68% of the company’s stock.

Analyst Ratings Changes

FLL has been the topic of several analyst reports. JMP Securities lifted their target price on Full House Resorts from $6.00 to $7.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 17th. Craig Hallum upgraded 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 issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Full House Resorts currently has a consensus rating of “Moderate Buy” and an average price target of $7.33.

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.