Monarch Casino & Resort, Inc. (NASDAQ:MCRI) President Bob Farahi Sells 12,242 Shares

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) President Bob Farahi sold 12,242 shares of Monarch Casino & Resort stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $46.13, for a total value of $564,723.46. Following the completion of the sale, the president now owns 378,074 shares in the company, valued at $17,440,553.62. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Bob Farahi also recently made the following trade(s):

  • On Tuesday, December 12th, Bob Farahi sold 16,000 shares of Monarch Casino & Resort stock. The stock was sold at an average price of $46.62, for a total value of $745,920.00.
  • On Thursday, November 30th, Bob Farahi sold 26,200 shares of Monarch Casino & Resort stock. The stock was sold at an average price of $47.21, for a total value of $1,236,902.00.
  • On Monday, November 20th, Bob Farahi sold 11,111 shares of Monarch Casino & Resort stock. The stock was sold at an average price of $46.17, for a total value of $512,994.87.
  • On Friday, November 17th, Bob Farahi sold 3,000 shares of Monarch Casino & Resort stock. The stock was sold at an average price of $46.04, for a total value of $138,120.00.
  • On Wednesday, November 15th, Bob Farahi sold 4,101 shares of Monarch Casino & Resort stock. The stock was sold at an average price of $45.51, for a total value of $186,636.51.
  • On Friday, November 10th, Bob Farahi sold 2,020 shares of Monarch Casino & Resort stock. The shares were sold at an average price of $45.53, for a total value of $91,970.60.
  • On Wednesday, November 8th, Bob Farahi sold 91 shares of Monarch Casino & Resort stock. The shares were sold at an average price of $46.20, for a total value of $4,204.20.
  • On Monday, November 13th, Bob Farahi sold 10,111 shares of Monarch Casino & Resort stock. The shares were sold at an average price of $45.48, for a total value of $459,848.28.

Monarch Casino & Resort, Inc. (MCRI) traded up $0.94 during mid-day trading on Thursday, hitting $45.33. The stock had a trading volume of 24,040 shares, compared to its average volume of 68,380. Monarch Casino & Resort, Inc. has a 52-week low of $23.10 and a 52-week high of $47.92. The company has a quick ratio of 1.08, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $798.47, a PE ratio of 29.82 and a beta of 1.11.

Monarch Casino & Resort (NASDAQ:MCRI) last posted its quarterly earnings results on Tuesday, October 24th. The company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Monarch Casino & Resort had a return on equity of 11.25% and a net margin of 11.99%. The firm had revenue of $63.03 million during the quarter, compared to analysts’ expectations of $60.05 million. analysts expect that Monarch Casino & Resort, Inc. will post 1.51 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of MCRI. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Monarch Casino & Resort in the second quarter worth $156,000. Macquarie Group Ltd. bought a new stake in Monarch Casino & Resort during the third quarter valued at about $171,000. Russell Investments Group Ltd. bought a new stake in Monarch Casino & Resort during the second quarter valued at about $173,000. Thrivent Financial For Lutherans bought a new stake in Monarch Casino & Resort during the second quarter valued at about $201,000. Finally, Nationwide Fund Advisors grew its holdings in Monarch Casino & Resort by 6.6% during the second quarter. Nationwide Fund Advisors now owns 7,156 shares of the company’s stock valued at $216,000 after purchasing an additional 446 shares during the period. 58.29% of the stock is owned by institutional investors.

A number of research analysts have recently commented on MCRI shares. Union Gaming Research upgraded Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded Monarch Casino & Resort from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Wednesday, October 11th. ValuEngine cut Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub cut Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 27th. Finally, UBS Group upgraded Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Monarch Casino & Resort has a consensus rating of “Buy” and a consensus target price of $53.25.

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Monarch Casino & Resort Company Profile

Monarch Casino & Resort, Inc (Monarch), through its subsidiary, owns and operates the Atlantis Casino Resort Spa (the Atlantis), a hotel/casino facility in Reno, Nevada. The Company also owns and operates Monarch Casino Black Hawk. The Company’s segments include Atlantis and Monarch Casino Black Hawk.

Insider Buying and Selling by Quarter for Monarch Casino & Resort (NASDAQ:MCRI)

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