Full House Resorts (NASDAQ:FLL) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of Full House Resorts (NASDAQ:FLL) from a hold rating to a buy rating in a research note published on Thursday, ValuEngine reports.

Separately, Zacks Investment Research upgraded Full House Resorts from a strong sell rating to a hold rating in a report on Wednesday, July 10th.

FLL stock traded down $0.03 during midday trading on Thursday, reaching $1.79. The stock had a trading volume of 22,597 shares, compared to its average volume of 60,177. The firm has a fifty day moving average price of $1.89. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 1.99. The stock has a market cap of $48.26 million, a P/E ratio of -13.77 and a beta of 0.49. Full House Resorts has a 52-week low of $1.60 and a 52-week high of $3.23.

Full House Resorts (NASDAQ:FLL) last announced its quarterly earnings data on Monday, May 6th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). The firm had revenue of $40.49 million during the quarter, compared to analysts’ expectations of $41.44 million. Full House Resorts had a negative net margin of 1.02% and a negative return on equity of 2.87%. On average, analysts predict that Full House Resorts will post -0.03 EPS for the current fiscal year.

In related news, Director Craig W. Thomas bought 20,000 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was acquired at an average cost of $2.22 per share, with a total value of $44,400.00. Following the purchase, the director now directly owns 449,651 shares of the company’s stock, valued at $998,225.22. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 16.10% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the business. Penn Capital Management Co. Inc. increased its stake in shares of Full House Resorts by 3.7% in the 1st quarter. Penn Capital Management Co. Inc. now owns 116,990 shares of the company’s stock worth $236,000 after acquiring an additional 4,120 shares during the last quarter. Sand Hill Global Advisors LLC acquired a new stake in shares of Full House Resorts during the 1st quarter worth about $32,000. Gabelli Funds LLC increased its position in shares of Full House Resorts by 3.2% during the 1st quarter. Gabelli Funds LLC now owns 739,458 shares of the company’s stock worth $1,494,000 after purchasing an additional 23,030 shares during the last quarter. Ingalls & Snyder LLC acquired a new stake in shares of Full House Resorts during the 1st quarter worth about $55,000. Finally, Kennedy Capital Management Inc. increased its position in shares of Full House Resorts by 2.5% during the 1st quarter. Kennedy Capital Management Inc. now owns 1,311,304 shares of the company’s stock worth $2,649,000 after purchasing an additional 32,224 shares during the last quarter. 45.04% of the stock is owned by institutional investors and hedge funds.

About Full House Resorts

Full House Resorts, Inc owns, develops, operates, manages, leases, and/or invests in casinos, and related hospitality and entertainment facilities in the United States. The company owns and operates the Silver Slipper Casino and Hotel in Hancock County, Mississippi, which has 920 slot machines and 26 table games, a surface parking lot, approximately 800-space parking garage, and 129 hotel rooms; a fine-dining restaurant, a buffet, and a quick-service restaurant, as well as oyster, casino, beachfront bars; and 37-space beachfront RV park.

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