Short Interest in Full House Resorts, Inc. (NASDAQ:FLL) Decreases By 6.8%

Full House Resorts, Inc. (NASDAQ:FLL) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 825,700 shares, a drop of 6.8% from the August 31st total of 886,300 shares. Based on an average daily volume of 108,400 shares, the days-to-cover ratio is presently 7.6 days. Currently, 2.6% of the shares of the stock are sold short.

Full House Resorts Price Performance

Shares of FLL traded down $0.05 during mid-day trading on Tuesday, reaching $4.97. The stock had a trading volume of 56,440 shares, compared to its average volume of 95,722. The firm has a market cap of $172.15 million, a price-to-earnings ratio of -6.82 and a beta of 2.00. Full House Resorts has a 12 month low of $3.40 and a 12 month high of $5.98. The business has a fifty day moving average of $5.08 and a 200 day moving average of $5.09. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.78 and a current ratio of 0.81.

Full House Resorts (NASDAQ:FLL) last released 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 return on equity of 37.79% and a negative net margin of 10.11%. The company had revenue of $73.49 million during the quarter, compared to analysts’ expectations of $79.10 million. During the same period last year, the firm posted ($0.16) EPS. Equities analysts predict that Full House Resorts will post -0.74 EPS for the current year.

Insiders Place Their Bets

In other news, COO John Ferrucci sold 8,328 shares of Full House Resorts stock in a transaction dated 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 approximately $99,400. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Daniel R. Lee sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $5.02, for a total transaction of $175,700.00. Following the transaction, the chief executive officer now directly owns 1,116,249 shares of the company’s stock, valued at approximately $5,603,569.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO John Ferrucci sold 8,328 shares of Full House Resorts stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $4.97, for a total value of $41,390.16. Following the completion of the transaction, the chief operating officer now directly owns 20,000 shares in the company, valued at $99,400. The disclosure for this sale can be found here. Insiders sold a total of 118,240 shares of company stock worth $594,966 in the last quarter. 12.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Full House Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bard Associates Inc. raised its stake in shares of Full House Resorts by 6.2% in the fourth quarter. Bard Associates Inc. now owns 36,075 shares of the company’s stock valued at $194,000 after acquiring an additional 2,100 shares during the period. Price T Rowe Associates Inc. MD bought a new position in shares of Full House Resorts in the first quarter worth about $57,000. Aristides Capital LLC grew its holdings in shares of Full House Resorts by 133.3% in the fourth quarter. Aristides Capital LLC now owns 69,498 shares of the company’s stock worth $373,000 after purchasing an additional 39,706 shares during the last quarter. Wasatch Advisors LP grew its holdings in shares of Full House Resorts by 11.4% in the first 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 last quarter. Finally, Panagora Asset Management Inc. grew its holdings in shares of Full House Resorts by 107.6% in the second quarter. Panagora Asset Management Inc. now owns 36,855 shares of the company’s stock worth $184,000 after purchasing an additional 19,101 shares during the last quarter. Hedge funds and other institutional investors own 37.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FLL. JMP Securities lifted their price objective on 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. Craig Hallum raised shares of Full House Resorts to a “strong-buy” rating in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.