Semanteon Capital Management LP Buys Shares of 6,286 Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Semanteon Capital Management LP bought a new stake in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,286 shares of the company’s stock, valued at approximately $435,000.

A number of other hedge funds have also made changes to their positions in the company. Windham Capital Management LLC acquired a new position in shares of Monarch Casino & Resort during the fourth quarter valued at approximately $209,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Monarch Casino & Resort by 37.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,249 shares of the company’s stock valued at $225,000 after acquiring an additional 882 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Monarch Casino & Resort during the fourth quarter valued at approximately $463,000. Cerity Partners LLC acquired a new position in shares of Monarch Casino & Resort during the fourth quarter valued at approximately $6,562,000. Finally, Cambiar Investors LLC grew its position in shares of Monarch Casino & Resort by 0.5% in the fourth quarter. Cambiar Investors LLC now owns 37,972 shares of the company’s stock valued at $2,626,000 after purchasing an additional 202 shares in the last quarter. Institutional investors and hedge funds own 62.37% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Macquarie upped their price target on Monarch Casino & Resort from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Stifel Nicolaus restated a “hold” rating and issued a $70.00 price target on shares of Monarch Casino & Resort in a research report on Friday, January 5th. Finally, Truist Financial upped their price target on Monarch Casino & Resort from $72.00 to $74.00 and gave the company a “hold” rating in a research report on Thursday, February 15th.

Monarch Casino & Resort Trading Down 0.7 %

Monarch Casino & Resort stock traded down $0.48 during mid-day trading on Friday, hitting $68.07. The company’s stock had a trading volume of 90,157 shares, compared to its average volume of 115,492. The firm has a market capitalization of $1.28 billion, a PE ratio of 16.09 and a beta of 1.66. Monarch Casino & Resort, Inc. has a 1 year low of $56.25 and a 1 year high of $75.40. The company has a current ratio of 0.51, a quick ratio of 0.45 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average is $70.65 and its two-hundred day moving average is $67.25.

Monarch Casino & Resort (NASDAQ:MCRI) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.11). The business had revenue of $128.19 million during the quarter, compared to analysts’ expectations of $119.33 million. Monarch Casino & Resort had a return on equity of 17.13% and a net margin of 16.40%. On average, analysts anticipate that Monarch Casino & Resort, Inc. will post 4.46 EPS for the current year.

Monarch Casino & Resort Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.20 annualized dividend and a dividend yield of 1.76%. Monarch Casino & Resort’s dividend payout ratio is currently 28.37%.

About Monarch Casino & Resort

Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. It also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. The company was incorporated in 1993 and is based in Reno, Nevada.