Insider Selling: Monarch Casino & Resort, Inc. (MCRI) President Sells 12,242 Shares of Stock

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) President Bob Farahi sold 12,242 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $46.13, for a total transaction of $564,723.46. Following the transaction, the president now owns 378,074 shares in the company, valued at approximately $17,440,553.62. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Bob Farahi also recently made the following trade(s):

  • On Tuesday, December 12th, Bob Farahi sold 16,000 shares of Monarch Casino & Resort stock. The stock was sold at an average price of $46.62, for a total transaction of $745,920.00.
  • On Thursday, November 30th, Bob Farahi sold 26,200 shares of Monarch Casino & Resort stock. The stock was sold at an average price of $47.21, for a total transaction of $1,236,902.00.
  • On Monday, November 20th, Bob Farahi sold 11,111 shares of Monarch Casino & Resort stock. The shares were sold at an average price of $46.17, for a total transaction of $512,994.87.
  • On Friday, November 17th, Bob Farahi sold 3,000 shares of Monarch Casino & Resort stock. The shares were sold at an average price of $46.04, for a total transaction of $138,120.00.
  • On Wednesday, November 15th, Bob Farahi sold 4,101 shares of Monarch Casino & Resort stock. The shares were sold at an average price of $45.51, for a total transaction of $186,636.51.
  • On Friday, November 10th, Bob Farahi sold 2,020 shares of Monarch Casino & Resort stock. The shares were sold at an average price of $45.53, for a total transaction of $91,970.60.
  • On Wednesday, November 8th, Bob Farahi sold 91 shares of Monarch Casino & Resort stock. The shares were sold at an average price of $46.20, for a total transaction of $4,204.20.
  • On Monday, November 13th, Bob Farahi sold 10,111 shares of Monarch Casino & Resort stock. The shares were sold at an average price of $45.48, for a total transaction of $459,848.28.

Monarch Casino & Resort, Inc. (MCRI) traded up $0.09 during midday trading on Friday, reaching $45.42. 30,469 shares of the company’s stock traded hands, compared to its average volume of 68,239. The company has a quick ratio of 1.08, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The firm has a market cap of $802.60, a price-to-earnings ratio of 29.88 and a beta of 1.11. Monarch Casino & Resort, Inc. has a 52 week low of $23.10 and a 52 week high of $47.92.

Monarch Casino & Resort (NASDAQ:MCRI) last posted its quarterly earnings results on Tuesday, October 24th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $63.03 million for the quarter, compared to analyst estimates of $60.05 million. Monarch Casino & Resort had a net margin of 11.99% and a return on equity of 11.25%. sell-side analysts forecast that Monarch Casino & Resort, Inc. will post 1.51 earnings per share for the current year.

A number of research analysts recently issued reports on the stock. BidaskClub lowered shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research lowered shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. ValuEngine lowered shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Union Gaming Research upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Finally, UBS Group upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $53.25.

Large investors have recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Monarch Casino & Resort during the 2nd quarter worth about $156,000. Macquarie Group Ltd. bought a new position in shares of Monarch Casino & Resort during the 3rd quarter worth about $171,000. Russell Investments Group Ltd. bought a new position in shares of Monarch Casino & Resort during the 2nd quarter worth about $173,000. Thrivent Financial For Lutherans bought a new position in shares of Monarch Casino & Resort during the 2nd quarter worth about $201,000. Finally, Nationwide Fund Advisors lifted its holdings in shares of Monarch Casino & Resort by 6.6% during the 2nd quarter. Nationwide Fund Advisors now owns 7,156 shares of the company’s stock worth $216,000 after acquiring an additional 446 shares during the period. 58.29% of the stock is owned by institutional investors.

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About Monarch Casino & Resort

Monarch Casino & Resort, Inc (Monarch), through its subsidiary, owns and operates the Atlantis Casino Resort Spa (the Atlantis), a hotel/casino facility in Reno, Nevada. The Company also owns and operates Monarch Casino Black Hawk. The Company’s segments include Atlantis and Monarch Casino Black Hawk.

Insider Buying and Selling by Quarter for Monarch Casino & Resort (NASDAQ:MCRI)

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