Full House Resorts (NASDAQ:FLL) Rating Increased to Strong-Buy at Craig Hallum

Full House Resorts (NASDAQ:FLL) was upgraded by investment analysts at Craig Hallum to a “strong-buy” rating in a research note issued to investors on Wednesday, Zacks.com reports.

Separately, JMP Securities increased their price objective on shares of Full House Resorts from $6.00 to $7.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $7.33.

Full House Resorts Stock Up 0.8 %

NASDAQ:FLL opened at $4.99 on Wednesday. The firm’s 50 day simple moving average is $5.14 and its 200 day simple moving average is $5.09. The company has a market cap of $172.84 million, a PE ratio of -6.93 and a beta of 2.00. Full House Resorts has a one year low of $3.40 and a one year high of $5.98. The company has a debt-to-equity ratio of 7.88, a current ratio of 0.81 and a quick ratio of 0.78.

Full House Resorts (NASDAQ:FLL) last announced its 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 net margin of 10.11% and a negative return on equity of 37.79%. The company had revenue of $73.49 million during the quarter, compared to the consensus estimate 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 earnings per share for the current year.

Insiders Place Their Bets

In other Full House Resorts news, COO John Ferrucci sold 8,328 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $4.97, for a total value of $41,390.16. Following the completion of the sale, the chief operating officer now directly owns 20,000 shares in the company, valued at $99,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO John Ferrucci sold 8,328 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $4.97, for a total transaction of $41,390.16. Following the completion of the sale, the chief operating officer now owns 20,000 shares in the company, valued at $99,400. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Eric J. Green purchased 7,500 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were acquired at an average price of $5.14 per share, with a total value of $38,550.00. Following the purchase, the director now directly owns 178,523 shares in the company, valued at approximately $917,608.22. The disclosure for this purchase can be found here. In the last three months, insiders have sold 87,840 shares of company stock worth $440,721. Corporate insiders own 12.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Wasatch Advisors LP raised its holdings in shares of 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 purchasing an additional 86,333 shares during the period. Gabelli Funds LLC lifted its stake in shares of Full House Resorts by 0.3% during the 2nd quarter. Gabelli Funds LLC now owns 600,000 shares of the company’s stock valued at $3,000,000 after buying an additional 2,000 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of Full House Resorts by 7.4% in the first quarter. Gamco Investors INC. ET AL now owns 581,932 shares of the company’s stock valued at $3,241,000 after purchasing an additional 40,032 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Full House Resorts by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 230,017 shares of the company’s stock valued at $1,150,000 after purchasing an additional 19,802 shares during the period. Finally, GSA Capital Partners LLP lifted its holdings in Full House Resorts by 48.3% during the 1st quarter. GSA Capital Partners LLP now owns 170,321 shares of the company’s stock worth $949,000 after purchasing an additional 55,499 shares in the last quarter. 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.