JMP Securities Reaffirms Market Outperform Rating for Full House Resorts (NASDAQ:FLL)

Full House Resorts (NASDAQ:FLL)‘s stock had its “market outperform” rating reissued by equities research analysts at JMP Securities in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $6.00 price target on the stock. JMP Securities’ price target would suggest a potential upside of 26.58% from the company’s current price.

Separately, B. Riley decreased their price objective on Full House Resorts from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th.

Full House Resorts Stock Performance

Shares of NASDAQ FLL traded down $0.03 during trading on Monday, hitting $4.74. The company had a trading volume of 74,764 shares, compared to its average volume of 192,125. The stock has a 50 day simple moving average of $4.52 and a 200 day simple moving average of $4.87. The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.83 and a current ratio of 0.87. Full House Resorts has a 12 month low of $3.77 and a 12 month high of $5.94. The firm has a market capitalization of $168.74 million, a P/E ratio of -4.02 and a beta of 1.92.

Insider Activity at Full House Resorts

In related news, CFO Lewis A. Fanger sold 37,738 shares of Full House Resorts stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $5.05, for a total transaction of $190,576.90. Following the sale, the chief financial officer now owns 254,658 shares of the company’s stock, valued at approximately $1,286,022.90. This trade represents a 12.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathleen M. Caracciolo sold 8,900 shares of Full House Resorts stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $4.43, for a total value of $39,427.00. Following the sale, the director now directly owns 40,997 shares in the company, valued at $181,616.71. This trade represents a 17.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,359 shares of company stock valued at $303,196. 12.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Full House Resorts

Several institutional investors have recently added to or reduced their stakes in FLL. Private Management Group Inc. purchased a new position in Full House Resorts during the 3rd quarter valued at approximately $2,957,000. One Wealth Advisors LLC purchased a new position in shares of Full House Resorts in the 4th quarter worth approximately $1,041,000. Barclays PLC boosted its holdings in shares of Full House Resorts by 268.5% in the 3rd quarter. Barclays PLC now owns 43,247 shares of the company’s stock worth $217,000 after purchasing an additional 31,512 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Full House Resorts by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 230,017 shares of the company’s stock worth $1,150,000 after purchasing an additional 19,802 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Full House Resorts by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 738,560 shares of the company’s stock worth $3,709,000 after purchasing an additional 11,747 shares during the period. Hedge funds and other institutional investors own 37.68% of the company’s stock.

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.