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

Full House Resorts (NASDAQ:FLL)‘s stock had its “market outperform” rating restated by research analysts at JMP Securities in a research report issued on Monday,Benzinga reports. They presently have a $6.00 target price on the stock. JMP Securities’ target price points to a potential upside of 26.58% from the stock’s previous close.

Separately, B. Riley decreased their target price on Full House Resorts from $9.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, November 7th.

Full House Resorts Trading Down 0.6 %

Shares of Full House Resorts stock traded down $0.03 during midday trading on Monday, reaching $4.74. 74,764 shares of the company’s stock traded hands, compared to its average volume of 192,125. The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.83 and a current ratio of 0.87. The company has a market cap of $168.74 million, a PE ratio of -4.02 and a beta of 1.92. The stock has a 50 day moving average of $4.52 and a 200-day moving average of $4.87. Full House Resorts has a 12 month low of $3.77 and a 12 month high of $5.94.

Insiders Place Their Bets

In related news, CFO Lewis A. Fanger sold 7,597 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $5.00, for a total transaction of $37,985.00. Following the sale, the chief financial officer now directly owns 254,658 shares of the company’s stock, valued at $1,273,290. This trade represents a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kathleen M. Caracciolo sold 8,900 shares of the stock in a transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,359 shares of company stock worth $303,196. 12.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FLL. R Squared Ltd purchased a new position in Full House Resorts in the fourth quarter worth about $26,000. B. Riley Wealth Advisors Inc. purchased a new position in Full House Resorts in the second quarter worth about $50,000. KG&L Capital Management LLC purchased a new position in Full House Resorts in the third quarter worth about $50,000. SG Americas Securities LLC purchased a new position in Full House Resorts in the third quarter worth about $54,000. Finally, Barclays PLC boosted its position in Full House Resorts by 268.5% in the third 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 last quarter. 37.68% of the stock is owned by hedge funds and other institutional investors.

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.