Full House Resorts (NASDAQ:FLL) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Full House Resorts (NASDAQ:FLL) issued its quarterly earnings data on Thursday. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.01), Zacks reports. Full House Resorts had a negative return on equity of 118.79% and a negative net margin of 13.75%.The company had revenue of $77.95 million for the quarter, compared to the consensus estimate of $76.40 million.

Full House Resorts Stock Up 0.4%

NASDAQ FLL traded up $0.01 during trading hours on Friday, hitting $2.63. The company’s stock had a trading volume of 181,358 shares, compared to its average volume of 206,896. The company has a market capitalization of $94.97 million, a PE ratio of -2.29 and a beta of 1.61. The company has a current ratio of 0.63, a quick ratio of 0.60 and a debt-to-equity ratio of 22.08. Full House Resorts has a 52 week low of $2.30 and a 52 week high of $5.59. The company’s 50-day simple moving average is $3.01 and its two-hundred day simple moving average is $3.49.

Insider Buying and Selling at Full House Resorts

In related news, Director Eric J. Green acquired 10,000 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were acquired at an average cost of $3.54 per share, for a total transaction of $35,400.00. Following the purchase, the director owned 233,959 shares in the company, valued at approximately $828,214.86. The trade was a 4.47% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Full House Resorts

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Full House Resorts by 2.5% in the third quarter. Vanguard Group Inc. now owns 1,599,602 shares of the company’s stock worth $5,135,000 after purchasing an additional 39,075 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Full House Resorts by 1,685.4% in the 2nd quarter. Jane Street Group LLC now owns 229,301 shares of the company’s stock worth $839,000 after buying an additional 216,458 shares during the last quarter. Mink Brook Asset Management LLC purchased a new stake in shares of Full House Resorts during the 2nd quarter valued at $739,000. Marshall Wace LLP bought a new stake in shares of Full House Resorts during the 2nd quarter worth $681,000. Finally, Curi Capital LLC purchased a new position in Full House Resorts in the second quarter worth $431,000. Hedge funds and other institutional investors own 37.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FLL. Macquarie restated a “neutral” rating and set a $4.00 price target on shares of Full House Resorts in a report on Friday, August 8th. Citizens Jmp reduced their price target on shares of Full House Resorts from $5.00 to $4.00 and set a “market outperform” rating for the company in a report on Friday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Full House Resorts in a research note on Wednesday, October 8th. Finally, JMP Securities increased their price objective on shares of Full House Resorts from $4.00 to $5.00 and gave the stock a “market outperform” rating in a research report on Friday, July 18th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Full House Resorts presently has an average rating of “Hold” and an average price target of $4.50.

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.