Full House Resorts, Inc. (NASDAQ:FLL) Short Interest Up 56.1% in October

Full House Resorts, Inc. (NASDAQ:FLL) was the recipient of a large increase in short interest in 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. Based on an average daily trading volume, of 81,200 shares, the days-to-cover ratio is currently 11.1 days. Currently, 2.8% of the shares of the stock are short sold.

Full House Resorts Trading Down 0.4 %

Shares of FLL stock traded down $0.02 on Friday, reaching $4.97. 74,395 shares of the stock were exchanged, compared to its average volume of 70,284. The stock has a market cap of $172.96 million, a P/E ratio of -6.14 and a beta of 2.00. The company has a quick ratio of 0.78, a current ratio of 0.81 and a debt-to-equity ratio of 7.88. The firm has a 50 day moving average of $4.98 and a two-hundred day moving average of $5.05. Full House Resorts has a 1-year low of $3.40 and a 1-year high of $5.98.

Full House Resorts (NASDAQ:FLL) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $73.49 million for the quarter, compared to analyst estimates of $79.10 million. During the same quarter in the previous year, the company earned ($0.16) earnings per share. On average, research analysts anticipate that Full House Resorts will post -0.74 EPS for the current year.

Insider Activity at Full House Resorts

In related news, CEO Daniel R. Lee sold 13,002 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $4.96, for a total value of $64,489.92. Following the sale, the chief executive officer now owns 1,588,880 shares of the company’s stock, valued at approximately $7,880,844.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Daniel R. Lee sold 13,002 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $4.96, for a total value of $64,489.92. Following the sale, the chief executive officer now owns 1,588,880 shares of the company’s stock, valued at approximately $7,880,844.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $65,808.12. Following the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,041 shares of company stock valued at $924,473. 12.70% of the stock is owned by corporate insiders.

Institutional Trading of Full House Resorts

Several large investors have recently added to or reduced their stakes in FLL. B. Riley Wealth Advisors Inc. purchased a new position in Full House Resorts in the 2nd quarter valued at about $50,000. Price T Rowe Associates Inc. MD purchased a new position in Full House Resorts in the 1st quarter valued at about $57,000. SG Americas Securities LLC purchased a new position in Full House Resorts in the 3rd quarter valued at about $54,000. Aristeia Capital L.L.C. purchased a new position in Full House Resorts in the 2nd quarter valued at about $140,000. Finally, Panagora Asset Management Inc. boosted its position in Full House Resorts by 107.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 36,855 shares of the company’s stock valued at $184,000 after buying an additional 19,101 shares during the last quarter. 37.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FLL has been the topic of a number of recent analyst reports. JMP Securities increased their price target 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 raised Full House Resorts to a “strong-buy” rating in a research note on Wednesday, September 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.