Catawba River Capital Grows Position in Full House Resorts, Inc. $FLL

Key Points

• Catawba River Capital has increased its stake in Full House Resorts, Inc. by 8.9%, owning a total of 1,635,973 shares, which represents about 4.55% of the company's stock worth approximately $5.99 million.
• The company reported a loss of $0.29 earnings per share for the last quarter, falling short of analysts' expectations of ($0.20), with a revenue of $73.95 million against an estimate of $80.47 million.
• Investment analysts hold a mixed outlook with three Buy ratings and a consensus price target of $5.50, while Macquarie has set a price target of $4.00 on the stock.

Catawba River Capital lifted its stake in Full House Resorts, Inc. (NASDAQ:FLL - Free Report) by 8.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,635,973 shares of the company's stock after buying an additional 133,766 shares during the quarter. Full House Resorts makes up about 3.0% of Catawba River Capital's investment portfolio, making the stock its 15th largest position. Catawba River Capital owned about 4.55% of Full House Resorts worth $5,988,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. Villere ST Denis J & Co. LLC lifted its holdings in shares of Full House Resorts by 50.0% in the second quarter. Villere ST Denis J & Co. LLC now owns 60,000 shares of the company's stock worth $220,000 after buying an additional 20,000 shares in the last quarter. KG&L Capital Management LLC lifted its holdings in shares of Full House Resorts by 87.0% in the second quarter. KG&L Capital Management LLC now owns 21,500 shares of the company's stock worth $79,000 after buying an additional 10,000 shares in the last quarter. Jane Street Group LLC bought a new stake in Full House Resorts in the first quarter worth $54,000. Aristeia Capital L.L.C. bought a new stake in Full House Resorts in the first quarter worth $83,000. Finally, MetLife Investment Management LLC bought a new stake in Full House Resorts in the first quarter worth $86,000. Hedge funds and other institutional investors own 37.68% of the company's stock.

Full House Resorts Trading Down 1.8%

FLL stock opened at $2.66 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.63 and a debt-to-equity ratio of 22.08. Full House Resorts, Inc. has a twelve month low of $2.50 and a twelve month high of $5.59. The stock has a market capitalization of $96.05 million, a price-to-earnings ratio of -2.31 and a beta of 1.54. The firm's fifty day simple moving average is $3.33 and its two-hundred day simple moving average is $3.57.

Full House Resorts (NASDAQ:FLL - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.09). Full House Resorts had a negative net margin of 13.75% and a negative return on equity of 118.79%. The firm had revenue of $73.95 million for the quarter, compared to the consensus estimate of $80.47 million.

Wall Street Analysts Forecast Growth

FLL has been the topic of several research reports. Macquarie restated a "neutral" rating and issued a $4.00 price target on shares of Full House Resorts in a research report on Friday, August 8th. JMP Securities boosted their price target 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. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Full House Resorts in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $5.50.

Insiders Place Their Bets

In other news, Director Eric J. Green acquired 10,000 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were acquired at an average price of $3.54 per share, for a total transaction of $35,400.00. Following the completion of the transaction, the director directly owned 233,959 shares of the company's stock, valued at approximately $828,214.86. The trade was a 4.47% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.40% of the stock is owned by company insiders.

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.

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