JMP Securities Forecasts Strong Price Appreciation for Full House Resorts (NASDAQ:FLL) Stock

Full House Resorts (NASDAQ:FLL) had its price objective increased by investment analysts at JMP Securities from $4.00 to $5.00 in a report released on Friday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. JMP Securities’ target price indicates a potential upside of 6.16% from the stock’s current price.

Full House Resorts Stock Up 0.4%

Shares of NASDAQ FLL opened at $4.71 on Friday. Full House Resorts has a 12-month low of $2.86 and a 12-month high of $5.90. The company has a market cap of $169.47 million, a P/E ratio of -4.24 and a beta of 1.64. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 15.25. The stock has a fifty day moving average price of $3.70 and a 200 day moving average price of $4.06.

Full House Resorts (NASDAQ:FLL) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.02. Full House Resorts had a negative return on equity of 90.09% and a negative net margin of 13.18%. The business had revenue of $65.36 million during the quarter, compared to the consensus estimate of $80.96 million.

Insider Transactions at Full House Resorts

In related news, Director Eric J. Green purchased 25,000 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were acquired at an average cost of $3.40 per share, with a total value of $85,000.00. Following the completion of the purchase, the director directly owned 203,523 shares of the company’s stock, valued at $691,978.20. This trade represents a 14.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Full House Resorts

Institutional investors and hedge funds have recently made changes to their positions in the company. Intech Investment Management LLC acquired a new position in shares of Full House Resorts during the 4th quarter worth about $63,000. American Century Companies Inc. raised its holdings in shares of Full House Resorts by 4.6% in the 4th quarter. American Century Companies Inc. now owns 356,112 shares of the company’s stock valued at $1,453,000 after purchasing an additional 15,519 shares during the period. LPL Financial LLC raised its holdings in shares of Full House Resorts by 617.4% in the 4th quarter. LPL Financial LLC now owns 93,771 shares of the company’s stock valued at $383,000 after purchasing an additional 80,700 shares during the period. Anthracite Investment Company Inc. bought a new position in Full House Resorts in the 4th quarter valued at about $605,000. Finally, JPMorgan Chase & Co. raised its holdings in Full House Resorts by 667.7% in the 4th quarter. JPMorgan Chase & Co. now owns 113,717 shares of the company’s stock valued at $464,000 after acquiring an additional 98,905 shares during the period. Institutional investors and hedge funds 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.