Short Interest in Full House Resorts, Inc. (NASDAQ:FLL) Increases By 56.1%

Full House Resorts, Inc. (NASDAQ:FLL - Get Free Report) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 905,200 shares, an increase of 56.1% from the September 30th total of 579,900 shares. Currently, 2.8% of the shares of the company are short sold. Based on an average daily volume of 81,200 shares, the short-interest ratio is presently 11.1 days.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FLL. JMP Securities boosted their price target on Full House Resorts from $6.00 to $7.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 17th. Craig Hallum raised shares of Full House Resorts to a "strong-buy" rating in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Full House Resorts has an average rating of "Moderate Buy" and an average price target of $7.33.

Insiders Place Their Bets

In other Full House Resorts news, CEO Daniel R. Lee sold 23,890 shares of the firm's stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $4.84, for a total transaction of $115,627.60. Following the transaction, the chief executive officer now owns 1,588,880 shares in the company, valued at $7,690,179.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Full House Resorts news, CEO Daniel R. Lee sold 23,890 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $4.84, for a total transaction of $115,627.60. Following the sale, the chief executive officer now directly owns 1,588,880 shares in the company, valued at $7,690,179.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO John Ferrucci sold 18,499 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $5.00, for a total transaction of $92,495.00. Following the completion of the transaction, the chief operating officer now owns 28,328 shares of the company's stock, valued at $141,640. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 185,041 shares of company stock worth $924,473 in the last quarter. Corporate insiders own 12.70% of the company's stock.

Hedge Funds Weigh In On Full House Resorts

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of Full House Resorts in the third quarter worth approximately $54,000. B. Riley Wealth Advisors Inc. bought a new position in Full House Resorts during the 2nd quarter worth approximately $50,000. Aristeia Capital L.L.C. acquired a new position in shares of Full House Resorts in the 2nd quarter worth approximately $140,000. Gabelli Funds LLC boosted its stake in shares of Full House Resorts by 0.3% in the 2nd quarter. Gabelli Funds LLC now owns 600,000 shares of the company's stock valued at $3,000,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Full House Resorts by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 230,017 shares of the company's stock worth $1,150,000 after buying an additional 19,802 shares during the period. 37.68% of the stock is currently owned by institutional investors and hedge funds.

Full House Resorts Price Performance

Shares of FLL traded down $0.02 during trading hours on Friday, reaching $4.97. The stock had a trading volume of 74,395 shares, compared to its average volume of 70,284. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.78 and a current ratio of 0.81. Full House Resorts has a 12 month low of $3.40 and a 12 month high of $5.98. The stock has a market capitalization of $172.15 million, a PE ratio of -6.90 and a beta of 2.00. The company's 50-day moving average is $4.98 and its two-hundred day moving average is $5.05.

Full House Resorts (NASDAQ:FLL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.11). Full House Resorts had a negative net margin of 10.11% and a negative return on equity of 37.79%. The firm had revenue of $73.49 million for the quarter, compared to analyst estimates of $79.10 million. During the same period in the previous year, the business posted ($0.16) earnings per share. Research analysts expect that Full House Resorts will post -0.74 EPS for the current year.

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.