Full House Resorts (NASDAQ:FLL) Lifted to “Buy” at ValuEngine

ValuEngine upgraded shares of Full House Resorts (NASDAQ:FLL) from a hold rating to a buy rating in a research report sent to investors on Thursday morning, ValuEngine reports.

Separately, Zacks Investment Research upgraded shares of Full House Resorts from a strong sell rating to a hold rating in a research report on Wednesday, July 10th.

Shares of NASDAQ FLL traded down $0.03 during trading on Thursday, hitting $1.79. The company had a trading volume of 22,597 shares, compared to its average volume of 62,779. The firm’s fifty day simple moving average is $1.89. Full House Resorts has a fifty-two week low of $1.60 and a fifty-two week high of $3.23. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 1.99.

Full House Resorts (NASDAQ:FLL) last announced its earnings results on Monday, May 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.08). Full House Resorts had a negative net margin of 1.02% and a negative return on equity of 2.87%. The company had revenue of $40.49 million during the quarter, compared to analyst estimates of $41.44 million. Equities research analysts anticipate that Full House Resorts will post -0.03 EPS for the current fiscal year.

In related news, Director Craig W. Thomas bought 20,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were acquired at an average price of $2.22 per share, for a total transaction of $44,400.00. Following the completion of the transaction, the director now directly owns 449,651 shares in the company, valued at $998,225.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 16.10% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sand Hill Global Advisors LLC acquired a new position in Full House Resorts during the first quarter worth about $32,000. Ingalls & Snyder LLC acquired a new position in Full House Resorts during the first quarter worth about $55,000. Penn Capital Management Co. Inc. boosted its position in Full House Resorts by 3.7% during the first quarter. Penn Capital Management Co. Inc. now owns 116,990 shares of the company’s stock worth $236,000 after acquiring an additional 4,120 shares during the last quarter. Gabelli Funds LLC boosted its position in Full House Resorts by 3.2% during the first quarter. Gabelli Funds LLC now owns 739,458 shares of the company’s stock worth $1,494,000 after acquiring an additional 23,030 shares during the last quarter. Finally, Kennedy Capital Management Inc. boosted its position in Full House Resorts by 2.5% during the first quarter. Kennedy Capital Management Inc. now owns 1,311,304 shares of the company’s stock worth $2,649,000 after acquiring an additional 32,224 shares during the last quarter. Hedge funds and other institutional investors own 45.04% of the company’s stock.

Full House Resorts Company Profile

Full House Resorts, Inc owns, develops, operates, manages, leases, and/or invests in casinos, and related hospitality and entertainment facilities in the United States. The company owns and operates the Silver Slipper Casino and Hotel in Hancock County, Mississippi, which has 920 slot machines and 26 table games, a surface parking lot, approximately 800-space parking garage, and 129 hotel rooms; a fine-dining restaurant, a buffet, and a quick-service restaurant, as well as oyster, casino, beachfront bars; and 37-space beachfront RV park.

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