Rangeley Capital LLC purchased a new position in Full House Resorts, Inc. (NASDAQ:FLL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 787,878 shares of the company's stock, valued at approximately $3,215,000. Full House Resorts accounts for approximately 2.9% of Rangeley Capital LLC's portfolio, making the stock its 10th largest position. Rangeley Capital LLC owned approximately 2.21% of Full House Resorts at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. R Squared Ltd purchased a new stake in shares of Full House Resorts during the 4th quarter valued at $26,000. Bfsg LLC increased its stake in shares of Full House Resorts by 156.7% in the fourth quarter. Bfsg LLC now owns 11,090 shares of the company's stock worth $45,000 after buying an additional 6,770 shares during the period. SG Americas Securities LLC increased its position in shares of Full House Resorts by 23.7% in the fourth quarter. SG Americas Securities LLC now owns 13,372 shares of the company's stock valued at $55,000 after acquiring an additional 2,558 shares during the period. Intech Investment Management LLC bought a new position in shares of Full House Resorts during the fourth quarter valued at about $63,000. Finally, Barclays PLC boosted its holdings in shares of Full House Resorts by 268.5% during the third quarter. Barclays PLC now owns 43,247 shares of the company's stock worth $217,000 after purchasing an additional 31,512 shares during the period. 37.68% of the stock is currently owned by institutional investors.
Full House Resorts Stock Performance
Shares of FLL traded up $0.16 on Tuesday, reaching $3.32. The company's stock had a trading volume of 94,357 shares, compared to its average volume of 128,407. The company has a debt-to-equity ratio of 9.04, a current ratio of 0.87 and a quick ratio of 0.83. The stock has a market capitalization of $118.93 million, a P/E ratio of -2.81 and a beta of 1.67. Full House Resorts, Inc. has a 12-month low of $3.13 and a 12-month high of $5.90. The stock's 50 day simple moving average is $4.64 and its two-hundred day simple moving average is $4.69.
Full House Resorts (NASDAQ:FLL - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.12). Full House Resorts had a negative return on equity of 66.86% and a negative net margin of 14.64%. The company had revenue of $72.96 million during the quarter, compared to analysts' expectations of $73.05 million.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on FLL shares. StockNews.com upgraded Full House Resorts from a "sell" rating to a "hold" rating in a research report on Wednesday, March 19th. Citigroup reaffirmed an "outperform" rating on shares of Full House Resorts in a research report on Friday, March 7th. UBS Group set a $5.00 price target on shares of Full House Resorts in a research report on Friday, March 7th. Finally, JMP Securities reissued a "market outperform" rating and set a $6.00 price objective on shares of Full House Resorts in a research report on Monday, January 27th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $6.33.
Check Out Our Latest Report on FLL
Insider Transactions at Full House Resorts
In related news, CFO Lewis A. Fanger sold 7,597 shares of Full House Resorts stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $5.00, for a total transaction of $37,985.00. Following the sale, the chief financial officer now owns 254,658 shares of the company's stock, valued at approximately $1,273,290. This trade represents a 2.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 113,605 shares of company stock valued at $528,138 over the last three months. Corporate insiders own 12.70% of the company's stock.
Full House Resorts Profile
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Free Report)
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.
Further Reading
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