Insider Selling: Empire Resorts Inc (NYNY) Chairman Sells 1,000 Shares of Stock
Empire Resorts Inc (NASDAQ:NYNY) Chairman Emanuel R. Pearlman sold 1,000 shares of the stock in a transaction on Monday, January 7th. The stock was sold at an average price of $10.30, for a total transaction of $10,300.00. Following the sale, the chairman now owns 129,722 shares of the company’s stock, valued at approximately $1,336,136.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of NASDAQ:NYNY opened at $11.60 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.38 and a debt-to-equity ratio of 2.91. Empire Resorts Inc has a 1-year low of $6.31 and a 1-year high of $30.98.
Empire Resorts (NASDAQ:NYNY) last issued its quarterly earnings results on Wednesday, November 7th. The company reported ($1.03) earnings per share for the quarter. The business had revenue of $59.95 million for the quarter. Empire Resorts had a negative return on equity of 44.85% and a negative net margin of 65.95%.
A hedge fund recently raised its stake in Empire Resorts stock. Vanguard Group Inc increased its holdings in shares of Empire Resorts Inc (NASDAQ:NYNY) by 2.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,925 shares of the company’s stock after purchasing an additional 1,515 shares during the period. Vanguard Group Inc owned 0.17% of Empire Resorts worth $510,000 as of its most recent SEC filing. 1.89% of the stock is currently owned by hedge funds and other institutional investors.
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About Empire Resorts
Empire Resorts, Inc engages in hospitality and gaming businesses in New York. The company owns and operates Monticello Casino and Raceway, a video gaming machine (VGM) and harness horseracing facility in Monticello that operates 1,110 VGMs, including 1,070 video lottery terminals and 40 electronic table game positions, as well as Resorts World Catskills, a casino resort located in Sullivan County, New York.
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