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

JMP Securities reissued their market outperform rating on shares of Full House Resorts (NASDAQ:FLL) in a research report report published on Thursday morning,Benzinga reports. JMP Securities currently has a $6.00 target price on the stock.

Separately, B. Riley lowered their price target on Full House Resorts from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, November 7th.

Full House Resorts Stock Down 0.2 %

FLL stock opened at $4.88 on Thursday. The business has a 50 day moving average of $4.53 and a 200 day moving average of $4.88. The firm has a market cap of $173.73 million, a PE ratio of -4.14 and a beta of 1.92. Full House Resorts has a twelve month low of $3.77 and a twelve month high of $5.94. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 9.04.

Insider Activity at Full House Resorts

In other news, CFO Lewis A. Fanger sold 37,738 shares of Full House Resorts stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $5.05, for a total value of $190,576.90. Following the completion of the sale, the chief financial officer now directly owns 254,658 shares in the company, valued at $1,286,022.90. The trade was a 12.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kathleen M. Caracciolo sold 8,900 shares of the stock in a transaction that occurred 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 transaction, the director now owns 40,997 shares in the company, valued at approximately $181,616.71. This trade represents a 17.84 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,746 shares of company stock valued at $260,121. 12.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Full House Resorts

Hedge funds have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. purchased a new position in shares of Full House Resorts in the 2nd quarter worth $50,000. KG&L Capital Management LLC bought a new position in Full House Resorts in the third quarter valued at about $50,000. SG Americas Securities LLC purchased a new position in Full House Resorts in the third quarter worth about $54,000. Aristeia Capital L.L.C. bought a new stake in shares of Full House Resorts during the 2nd quarter valued at about $140,000. Finally, Barclays PLC increased its position in shares of Full House Resorts by 268.5% during the 3rd quarter. Barclays PLC now owns 43,247 shares of the company’s stock valued at $217,000 after purchasing an additional 31,512 shares during the last quarter. 37.68% of the stock is currently owned by hedge funds and other institutional investors.

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.