Insider Selling: Full House Resorts, Inc. (NASDAQ:FLL) CEO Sells 8,676 Shares of Stock

Full House Resorts, Inc. (NASDAQ:FLL) CEO Daniel R. Lee sold 8,676 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 1,588,880 shares in the company, valued at approximately $8,087,399.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Full House Resorts Stock Performance

Shares of NASDAQ:FLL opened at $4.92 on Friday. Full House Resorts, Inc. has a 12-month low of $3.40 and a 12-month high of $5.98. The company’s 50 day moving average price is $5.13 and its two-hundred day moving average price is $5.09. The firm has a market cap of $170.41 million, a PE ratio of -6.83 and a beta of 2.00. The company has a quick ratio of 0.78, a current ratio of 0.81 and a debt-to-equity ratio of 7.88.

Full House Resorts (NASDAQ:FLL) last issued its quarterly earnings results 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 company had revenue of $73.49 million for the quarter, compared to analyst estimates 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 prior year, the company earned ($0.16) EPS. Equities research analysts predict that Full House Resorts, Inc. will post -0.74 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP lifted its position in Full House Resorts by 11.4% during the first quarter. Wasatch Advisors LP now owns 840,579 shares of the company’s stock worth $4,682,000 after purchasing an additional 86,333 shares during the period. Gabelli Funds LLC lifted its holdings in shares of Full House Resorts by 0.3% during the 2nd quarter. Gabelli Funds LLC now owns 600,000 shares of the company’s stock worth $3,000,000 after acquiring an additional 2,000 shares during the period. Gamco Investors INC. ET AL boosted its position in shares of Full House Resorts by 7.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 581,932 shares of the company’s stock worth $3,241,000 after acquiring an additional 40,032 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Full House Resorts by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 230,017 shares of the company’s stock valued at $1,150,000 after acquiring an additional 19,802 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in Full House Resorts by 48.3% during the first quarter. GSA Capital Partners LLP now owns 170,321 shares of the company’s stock valued at $949,000 after purchasing an additional 55,499 shares in the last quarter. Institutional investors own 37.68% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FLL. JMP Securities upped 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 investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Full House Resorts has a consensus rating of “Moderate Buy” and a consensus 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.