Full House Resorts (NASDAQ:FLL) Stock Crosses Above 200-Day Moving Average of $5.03

Full House Resorts, Inc. (NASDAQ:FLL)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.03 and traded as high as $5.44. Full House Resorts shares last traded at $5.33, with a volume of 80,996 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. JMP Securities upped their price objective on 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 started coverage on Full House Resorts in a research report on Friday, April 26th. They set a “buy” rating and a $9.00 price target on the stock.

Full House Resorts Price Performance

The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 6.96. The business has a 50-day moving average price of $5.05 and a 200 day moving average price of $5.04. The stock has a market cap of $200.57 million, a PE ratio of -8.04 and a beta of 2.00.

Full House Resorts (NASDAQ:FLL) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.18). Full House Resorts had a negative net margin of 9.49% and a negative return on equity of 31.04%. The firm had revenue of $69.92 million for the quarter, compared to analysts’ expectations of $71.20 million. As a group, research analysts forecast that Full House Resorts, Inc. will post -0.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Lewis A. Fanger sold 9,503 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $5.22, for a total transaction of $49,605.66. Following the sale, the chief financial officer now owns 273,155 shares of the company’s stock, valued at approximately $1,425,869.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Lewis A. Fanger sold 9,503 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $5.22, for a total transaction of $49,605.66. Following the sale, the chief financial officer now owns 273,155 shares of the company’s stock, valued at approximately $1,425,869.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Elaine Guidroz sold 10,375 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $5.23, for a total value of $54,261.25. Following the sale, the senior vice president now directly owns 45,757 shares in the company, valued at approximately $239,309.11. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,004 shares of company stock valued at $135,974. Corporate insiders own 12.70% of the company’s stock.

Institutional Trading of Full House Resorts

Several institutional investors and hedge funds have recently modified their holdings of FLL. Price T Rowe Associates Inc. MD purchased a new stake in shares of Full House Resorts in the 1st quarter valued at about $57,000. SG Americas Securities LLC purchased a new stake in shares of Full House Resorts in the 4th quarter valued at about $78,000. Bard Associates Inc. raised 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 in the last quarter. Aristides Capital LLC raised its holdings in shares of Full House Resorts by 133.3% in the 4th quarter. Aristides Capital LLC now owns 69,498 shares of the company’s stock valued at $373,000 after acquiring an additional 39,706 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Full House Resorts by 13.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 96,749 shares of the company’s stock valued at $484,000 after acquiring an additional 11,288 shares in the last quarter. Hedge funds and other institutional investors own 37.68% of the company’s 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.