JMP Securities Has Lowered Expectations for Full House Resorts (NASDAQ:FLL) Stock Price

Full House Resorts (NASDAQ:FLL) had its price objective cut by JMP Securities from $7.00 to $6.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. JMP Securities’ target price would indicate a potential upside of 20.00% from the stock’s current price.

Separately, Craig Hallum upgraded shares of Full House Resorts to a “strong-buy” rating in a research note on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Full House Resorts has an average rating of “Moderate Buy” and a consensus price target of $7.00.

Full House Resorts Price Performance

Shares of NASDAQ FLL traded down $0.34 during trading on Thursday, hitting $5.00. 108,829 shares of the company were exchanged, compared to its average volume of 93,871. The company has a debt-to-equity ratio of 7.88, a current ratio of 0.81 and a quick ratio of 0.78. Full House Resorts has a 1 year low of $3.69 and a 1 year high of $5.98. The company has a market cap of $174 million, a price-to-earnings ratio of -6.20 and a beta of 1.99. The firm’s fifty day moving average price is $5.00 and its 200 day moving average price is $5.06.

Full House Resorts (NASDAQ:FLL) last released its earnings results on Tuesday, August 6th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.11). Full House Resorts had a negative net margin of 10.11% and a negative return on equity of 37.79%. The company had revenue of $73.49 million during the quarter, compared to analysts’ expectations of $79.10 million. During the same quarter in the previous year, the firm posted ($0.16) earnings per share. On average, sell-side analysts expect that Full House Resorts will post -0.74 earnings per share for the current fiscal year.

Insider Transactions at Full House Resorts

In related news, Director Eric J. Green bought 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average price of $5.14 per share, with a total value of $38,550.00. Following the completion of the transaction, the director now owns 178,523 shares of the company’s stock, valued at $917,608.22. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Full House Resorts news, Director Eric J. Green bought 7,500 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average cost of $5.14 per share, for a total transaction of $38,550.00. Following the transaction, the director now owns 178,523 shares in the company, valued at approximately $917,608.22. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel R. Lee sold 13,002 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $4.96, for a total value of $64,489.92. Following the sale, the chief executive officer now directly owns 1,588,880 shares in the company, valued at approximately $7,880,844.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 185,041 shares of company stock worth $924,473. Company insiders own 12.70% of the company’s stock.

Institutional Investors Weigh In On Full House Resorts

Institutional investors have recently modified their holdings of the business. Gabelli Funds LLC raised its position in shares of Full House Resorts by 0.3% during the second quarter. Gabelli Funds LLC now owns 600,000 shares of the company’s stock worth $3,000,000 after acquiring an additional 2,000 shares during the last quarter. Private Management Group Inc. bought a new position in shares of Full House Resorts in the 3rd quarter worth about $2,957,000. Gamco Investors INC. ET AL boosted its position in shares of Full House Resorts by 7.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 581,932 shares of the company’s stock valued at $3,241,000 after purchasing an additional 40,032 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Full House Resorts by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 230,017 shares of the company’s stock worth $1,150,000 after purchasing an additional 19,802 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in Full House Resorts by 48.3% in the first quarter. GSA Capital Partners LLP now owns 170,321 shares of the company’s stock worth $949,000 after purchasing an additional 55,499 shares in the last quarter. Institutional investors own 37.68% of the company’s stock.

About Full House Resorts

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.