589,019 Shares in Full House Resorts, Inc. (NASDAQ:FLL) Purchased by Private Management Group Inc.

Private Management Group Inc. purchased a new position in shares of Full House Resorts, Inc. (NASDAQ:FLL - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 589,019 shares of the company's stock, valued at approximately $2,957,000. Private Management Group Inc. owned approximately 1.70% of Full House Resorts as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FLL. Price T Rowe Associates Inc. MD purchased a new stake in shares of Full House Resorts in the first quarter valued at approximately $57,000. Dimensional Fund Advisors LP increased its holdings in Full House Resorts by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 230,017 shares of the company's stock worth $1,150,000 after acquiring an additional 19,802 shares in the last quarter. Panagora Asset Management Inc. raised its position in Full House Resorts by 107.6% during the second quarter. Panagora Asset Management Inc. now owns 36,855 shares of the company's stock worth $184,000 after acquiring an additional 19,101 shares during the period. Rhumbline Advisers lifted its holdings in Full House Resorts by 14.6% during the second quarter. Rhumbline Advisers now owns 59,333 shares of the company's stock valued at $297,000 after purchasing an additional 7,551 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Full House Resorts by 13.2% in the second quarter. Bank of New York Mellon Corp now owns 96,749 shares of the company's stock valued at $484,000 after purchasing an additional 11,288 shares during the period. Institutional investors and hedge funds own 37.68% of the company's stock.

Wall Street Analysts Forecast Growth

FLL has been the topic of a number of research reports. Craig Hallum raised shares of Full House Resorts to a "strong-buy" rating in a research note on Wednesday, September 4th. JMP Securities increased their target price on Full House Resorts from $6.00 to $7.00 and gave the company a "market outperform" rating in a report on Wednesday, July 17th. One 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $7.33.

Insiders Place Their Bets

In other news, Director Eric J. Green acquired 7,500 shares of the company's stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average price of $5.14 per share, with a total value of $38,550.00. Following the completion of the acquisition, the director now owns 178,523 shares of the company's stock, valued at $917,608.22. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Full House Resorts news, Director Eric J. Green acquired 7,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The shares were purchased at an average cost of $5.14 per share, for a total transaction of $38,550.00. Following the completion of the acquisition, the director now owns 178,523 shares of the company's stock, valued at approximately $917,608.22. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO John Ferrucci sold 18,499 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $5.00, for a total value 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. Over the last 90 days, insiders have sold 185,041 shares of company stock valued at $924,473. Insiders own 12.70% of the company's stock.

Full House Resorts Price Performance

FLL traded up $0.04 on Friday, reaching $5.13. 80,454 shares of the company's stock were exchanged, compared to its average volume of 65,450. Full House Resorts, Inc. has a twelve month low of $3.66 and a twelve month high of $5.98. The stock has a market cap of $178.52 million, a PE ratio of -6.33 and a beta of 1.99. The company has a debt-to-equity ratio of 7.88, a current ratio of 0.81 and a quick ratio of 0.78. The stock's fifty day moving average price is $4.98 and its 200-day moving average price is $5.05.

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

Full House Resorts Company Profile

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.