Empire Resorts Inc (NYNY) Insider Sells $20,360.00 in Stock

Empire Resorts Inc (NASDAQ:NYNY) insider Emanuel R. Pearlman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $10.18, for a total value of $20,360.00. Following the transaction, the insider now directly owns 129,722 shares of the company’s stock, valued at $1,320,569.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ:NYNY opened at $11.12 on Friday. Empire Resorts Inc has a 1 year low of $6.31 and a 1 year high of $30.98. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.35 and a current ratio of 0.38.

Empire Resorts (NASDAQ:NYNY) last posted its quarterly earnings data on Wednesday, November 7th. The company reported ($1.03) earnings per share (EPS) for the quarter. The company had revenue of $59.95 million during the quarter. Empire Resorts had a negative net margin of 65.95% and a negative return on equity of 44.85%.

A number of brokerages recently commented on NYNY. BidaskClub raised Empire Resorts from a “strong sell” rating to a “sell” rating in a research note on Friday, November 16th. ValuEngine raised Empire Resorts from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd.

A hedge fund recently raised its stake in Empire Resorts stock. BlackRock Inc. grew its stake in Empire Resorts Inc (NASDAQ:NYNY) by 9.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 283,038 shares of the company’s stock after purchasing an additional 24,384 shares during the period. BlackRock Inc. owned approximately 0.86% of Empire Resorts worth $5,605,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.89% of the company’s stock.

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About Empire Resorts

Empire Resorts, Inc engages in hospitality and gaming businesses in New York. The company owns and operates Monticello Casino and Raceway, a video gaming machine (VGM) and harness horseracing facility in Monticello that operates 1,110 VGMs, including 1,070 video lottery terminals and 40 electronic table game positions, as well as Resorts World Catskills, a casino resort located in Sullivan County, New York.

Further Reading: Outstanding Shares

Insider Buying and Selling by Quarter for Empire Resorts (NASDAQ:NYNY)

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