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

Full House Resorts, Inc. (NASDAQ:FLL) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 905,200 shares, an increase of 56.1% from the September 30th total of 579,900 shares. Approximately 2.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 81,200 shares, the days-to-cover ratio is presently 11.1 days.

Full House Resorts Trading Up 0.6 %

Shares of NASDAQ FLL opened at $5.00 on Tuesday. The business has a 50 day simple moving average of $4.97 and a 200 day simple moving average of $5.05. Full House Resorts has a 52 week low of $3.51 and a 52 week high of $5.98. The stock has a market cap of $173.19 million, a price-to-earnings ratio of -6.94 and a beta of 2.00. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.78 and a current ratio of 0.81.

Full House Resorts (NASDAQ:FLL) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.25) 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 analyst estimates of $79.10 million. During the same quarter last year, the company earned ($0.16) EPS. On average, research analysts predict that Full House Resorts will post -0.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Daniel R. Lee sold 13,188 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $4.99, for a total transaction of $65,808.12. Following the completion of the sale, the chief executive officer now owns 1,588,880 shares in the company, valued at approximately $7,928,511.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Daniel R. Lee sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $5.02, for a total value of $175,700.00. Following the completion of the sale, the chief executive officer now owns 1,116,249 shares in the company, valued at approximately $5,603,569.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel R. Lee sold 13,188 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $4.99, for a total transaction of $65,808.12. Following the sale, the chief executive officer now directly owns 1,588,880 shares in the company, valued at approximately $7,928,511.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 185,041 shares of company stock worth $924,473. 12.70% of the stock is owned by insiders.

Institutional Trading of Full House Resorts

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD bought a new stake in Full House Resorts during the first quarter worth approximately $57,000. Wasatch Advisors LP raised its holdings in Full House Resorts by 11.4% in the 1st quarter. Wasatch Advisors LP now owns 840,579 shares of the company’s stock worth $4,682,000 after acquiring an additional 86,333 shares during the period. Dimensional Fund Advisors LP lifted its position in Full House Resorts by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 230,017 shares of the company’s stock worth $1,150,000 after acquiring an additional 19,802 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in Full House Resorts by 107.6% during the second 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 period. Finally, Rhumbline Advisers increased its stake in shares of Full House Resorts by 14.6% in the second quarter. Rhumbline Advisers now owns 59,333 shares of the company’s stock worth $297,000 after purchasing an additional 7,551 shares during the period. Institutional investors and hedge funds own 37.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. JMP Securities increased their price objective on Full House Resorts from $6.00 to $7.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 17th. Craig Hallum upgraded shares of Full House Resorts to a “strong-buy” rating in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Full House Resorts has an average rating of “Moderate Buy” and an average price target of $7.33.

Full House Resorts Company Profile

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.