Full House Resorts, Inc. (NASDAQ:FLL) Short Interest Update

Full House Resorts, Inc. (NASDAQ:FLL) was the target of a significant drop in short interest during 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. Approximately 2.6% of the company’s shares are sold short. Based on an average trading volume of 108,400 shares, the short-interest ratio is currently 7.6 days.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. JMP Securities raised their target price on Full House Resorts from $6.00 to $7.00 and gave the company a “market outperform” rating in a report on Wednesday, July 17th. Craig Hallum upgraded Full House Resorts to a “strong-buy” rating in a report 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 issued a strong buy rating to the stock. Based on data from MarketBeat, Full House Resorts currently has a consensus rating of “Moderate Buy” and an average price target of $7.33.

Full House Resorts Stock Down 1.8 %

FLL stock traded down $0.09 during midday trading on Tuesday, hitting $4.93. 63,228 shares of the company’s stock were exchanged, compared to its average volume of 95,732. The company has a current ratio of 0.81, a quick ratio of 0.78 and a debt-to-equity ratio of 7.88. Full House Resorts has a 12-month low of $3.40 and a 12-month high of $5.98. The firm has a 50 day moving average price of $5.08 and a 200-day moving average price of $5.09. The stock has a market capitalization of $170.76 million, a price-to-earnings ratio of -6.90 and a beta of 2.00.

Full House Resorts (NASDAQ:FLL) last posted 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). Full House Resorts had a negative return on equity of 37.79% and a negative net margin of 10.11%. The business had revenue of $73.49 million for the quarter, compared to analysts’ expectations of $79.10 million. During the same quarter in the prior year, the firm earned ($0.16) earnings per share. On average, analysts anticipate that Full House Resorts will post -0.74 EPS for the current year.

Insider Buying and Selling

In related news, CEO Daniel R. Lee sold 8,676 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $5.09, for a total value of $44,160.84. Following the transaction, the chief executive officer now owns 1,588,880 shares in the company, valued at $8,087,399.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Daniel R. Lee sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $5.02, for a total transaction of $175,700.00. Following the sale, the chief executive officer now directly owns 1,116,249 shares in the company, valued at approximately $5,603,569.98. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Daniel R. Lee sold 8,676 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $5.09, for a total value of $44,160.84. Following the sale, the chief executive officer now owns 1,588,880 shares in the company, valued at $8,087,399.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 118,240 shares of company stock valued at $594,966. Insiders own 12.70% of the company’s stock.

Institutional Investors Weigh In On Full House Resorts

Several hedge funds and other institutional investors have recently bought and sold shares of FLL. B. Riley Wealth Advisors Inc. bought a new stake in shares of Full House Resorts in the 2nd quarter valued at approximately $50,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Full House Resorts in the 1st quarter valued at approximately $57,000. Aristeia Capital L.L.C. bought a new stake in shares of Full House Resorts in the 2nd quarter valued at approximately $140,000. Panagora Asset Management Inc. increased its holdings in shares of Full House Resorts by 107.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 36,855 shares of the company’s stock valued at $184,000 after acquiring an additional 19,101 shares during the last quarter. Finally, Bard Associates Inc. increased its holdings in shares of Full House Resorts by 6.2% in the 4th quarter. Bard Associates Inc. now owns 36,075 shares of the company’s stock valued at $194,000 after acquiring an additional 2,100 shares during the last quarter. 37.68% of the stock is currently owned by hedge funds and other institutional investors.

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.