Daniel R. Lee Sells 24,512 Shares of Full House Resorts, Inc. (NASDAQ:FLL) Stock

Full House Resorts, Inc. (NASDAQ:FLL) CEO Daniel R. Lee sold 24,512 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $5.04, for a total transaction of $123,540.48. Following the completion of the sale, the chief executive officer now directly owns 1,056,737 shares in the company, valued at approximately $5,325,954.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Full House Resorts Price Performance

FLL stock remained flat at $5.00 during trading on Thursday. 129,684 shares of the company traded hands, compared to its average volume of 98,940. The stock has a market cap of $173.19 million, a price-to-earnings ratio of -6.94 and a beta of 2.00. Full House Resorts, Inc. has a 52 week low of $3.40 and a 52 week high of $5.98. The firm has a 50-day moving average of $5.09 and a 200 day moving average of $5.08. 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 (NASDAQ:FLL) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.25) 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 return on equity of 31.04% and a negative net margin of 9.49%. During the same period in the prior year, the business earned ($0.16) EPS. Sell-side analysts forecast that Full House Resorts, Inc. will post -0.59 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD bought a new position in Full House Resorts during the 1st quarter worth about $57,000. SG Americas Securities LLC bought a new position in Full House Resorts during the 4th quarter worth about $78,000. Aristeia Capital L.L.C. bought a new position in Full House Resorts during the 2nd quarter worth about $140,000. Bard Associates Inc. grew its holdings in Full House Resorts by 6.2% during the 4th quarter. Bard Associates Inc. now owns 36,075 shares of the company’s stock worth $194,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in Full House Resorts by 107.6% during the 2nd quarter. Panagora Asset Management Inc. now owns 36,855 shares of the company’s stock worth $184,000 after acquiring an additional 19,101 shares in the last quarter. Hedge funds and other institutional investors own 37.68% of the company’s stock.

Analyst Ratings Changes

FLL has been the topic of several recent analyst reports. JMP Securities increased their target price on shares of Full House Resorts from $6.00 to $7.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 17th. B. Riley initiated coverage on shares of Full House Resorts in a research note on Friday, April 26th. They issued a “buy” rating and a $9.00 target price on the 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.