JMP Securities Reiterates Market Outperform Rating for Full House Resorts (NASDAQ:FLL)

Full House Resorts (NASDAQ:FLL)‘s stock had its “market outperform” rating reiterated by JMP Securities in a report issued on Thursday,Benzinga reports. They currently have a $6.00 price objective on the stock. JMP Securities’ target price points to a potential upside of 22.95% from the company’s previous close.

Separately, B. Riley cut their price objective on shares of Full House Resorts from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, November 7th.

Full House Resorts Price Performance

Shares of FLL stock traded down $0.01 during trading hours on Thursday, reaching $4.88. 388 shares of the company were exchanged, compared to its average volume of 222,000. Full House Resorts has a fifty-two week low of $3.77 and a fifty-two week high of $5.94. The stock’s fifty day moving average is $4.53 and its two-hundred day moving average is $4.88. The company has a market cap of $173.73 million, a price-to-earnings ratio of -4.14 and a beta of 1.92. The company has a debt-to-equity ratio of 9.04, a current ratio of 0.87 and a quick ratio of 0.83.

Insiders Place Their Bets

In other news, Director Kathleen M. Caracciolo sold 8,900 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $4.43, for a total transaction of $39,427.00. Following the completion of the sale, the director now owns 40,997 shares of the company’s stock, valued at $181,616.71. This represents a 17.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Lewis A. Fanger sold 37,738 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $5.05, for a total transaction of $190,576.90. Following the sale, the chief financial officer now directly owns 254,658 shares of the company’s stock, valued at $1,286,022.90. This represents a 12.91 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,134 shares of company stock worth $272,037. Company insiders own 12.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Barclays PLC grew its position in Full House Resorts by 268.5% in the third quarter. Barclays PLC now owns 43,247 shares of the company’s stock valued at $217,000 after purchasing an additional 31,512 shares in the last quarter. Geode Capital Management LLC grew its position in Full House Resorts by 1.6% in the third quarter. Geode Capital Management LLC now owns 738,560 shares of the company’s stock valued at $3,709,000 after purchasing an additional 11,747 shares in the last quarter. State Street Corp grew its position in Full House Resorts by 1.7% in the third quarter. State Street Corp now owns 610,048 shares of the company’s stock valued at $3,062,000 after purchasing an additional 10,168 shares in the last quarter. KG&L Capital Management LLC bought a new position in Full House Resorts in the third quarter valued at $50,000. Finally, Private Management Group Inc. bought a new position in Full House Resorts in the third quarter valued at $2,957,000. 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.