Zacks Investment Research Upgrades Full House Resorts (NASDAQ:FLL) to Hold

Zacks Investment Research upgraded shares of Full House Resorts (NASDAQ:FLL) from a strong sell rating to a hold rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “Full House develops and manages gaming facilities. The Company has a management agreement with the Nottawaseppi Huron Band of Potawatomi Indians for the development and management of a first-class casino/resort with gaming devices in the Battle Creek, Michigan area, which is currently in the pre-development stage. Full House also manages Midway Slots and Simulcast at the Delaware State Fairgrounds in Harrington, Delaware, along with the owner of the adjacent racetrack. “

Full House Resorts stock opened at $1.87 on Wednesday. Full House Resorts has a 52 week low of $1.60 and a 52 week high of $3.41. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.13 and a quick ratio of 1.06. The company has a market capitalization of $50.14 million, a PE ratio of -14.38 and a beta of 0.49. The stock’s 50-day simple moving average is $1.99.



Full House Resorts (NASDAQ:FLL) last issued its quarterly earnings data on Monday, May 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). Full House Resorts had a negative return on equity of 2.87% and a negative net margin of 1.02%. The firm had revenue of $40.49 million for the quarter, compared to the consensus estimate of $41.44 million. On average, sell-side analysts anticipate that Full House Resorts will post -0.03 earnings per share for the current year.

In other news, Director Craig W. Thomas acquired 20,000 shares of Full House Resorts stock in a transaction dated Thursday, May 30th. The stock was bought at an average price of $2.22 per share, for a total transaction of $44,400.00. Following the completion of the acquisition, the director now directly owns 449,651 shares in the company, valued at approximately $998,225.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 16.10% of the company’s stock.

Large investors have recently modified their holdings of the company. RMB Capital Management LLC bought a new stake in shares of Full House Resorts during the fourth quarter worth approximately $606,000. Kennedy Capital Management Inc. raised its position in shares of Full House Resorts by 2.5% in the first quarter. Kennedy Capital Management Inc. now owns 1,311,304 shares of the company’s stock valued at $2,649,000 after buying an additional 32,224 shares in the last quarter. Ingalls & Snyder LLC acquired a new stake in shares of Full House Resorts in the first quarter valued at approximately $55,000. Penn Capital Management Co. Inc. raised its position in shares of Full House Resorts by 4.5% in the fourth quarter. Penn Capital Management Co. Inc. now owns 112,870 shares of the company’s stock valued at $228,000 after buying an additional 4,823 shares in the last quarter. Finally, Gabelli Funds LLC raised its position in shares of Full House Resorts by 3.2% in the first quarter. Gabelli Funds LLC now owns 739,458 shares of the company’s stock valued at $1,494,000 after buying an additional 23,030 shares in the last quarter. Institutional investors own 45.04% of the company’s stock.

About Full House Resorts

Full House Resorts, Inc owns, develops, operates, manages, leases, and/or invests in casinos, and related hospitality and entertainment facilities in the United States. The company owns and operates the Silver Slipper Casino and Hotel in Hancock County, Mississippi, which has 920 slot machines and 26 table games, a surface parking lot, approximately 800-space parking garage, and 129 hotel rooms; a fine-dining restaurant, a buffet, and a quick-service restaurant, as well as oyster, casino, beachfront bars; and 37-space beachfront RV park.

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