Catawba River Capital decreased its holdings in Full House Resorts, Inc. (NASDAQ:FLL - Free Report) by 3.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,502,207 shares of the company's stock after selling 60,917 shares during the quarter. Full House Resorts accounts for about 3.8% of Catawba River Capital's investment portfolio, making the stock its 12th largest position. Catawba River Capital owned approximately 4.18% of Full House Resorts worth $6,279,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in FLL. Intech Investment Management LLC bought a new stake in Full House Resorts during the 4th quarter worth approximately $63,000. American Century Companies Inc. lifted its holdings in shares of Full House Resorts by 4.6% in the fourth quarter. American Century Companies Inc. now owns 356,112 shares of the company's stock worth $1,453,000 after buying an additional 15,519 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Full House Resorts by 617.4% in the fourth quarter. LPL Financial LLC now owns 93,771 shares of the company's stock worth $383,000 after buying an additional 80,700 shares in the last quarter. Anthracite Investment Company Inc. purchased a new position in shares of Full House Resorts in the fourth quarter worth $605,000. Finally, JPMorgan Chase & Co. increased its position in Full House Resorts by 667.7% in the fourth quarter. JPMorgan Chase & Co. now owns 113,717 shares of the company's stock worth $464,000 after purchasing an additional 98,905 shares during the last quarter. Hedge funds and other institutional investors own 37.68% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on FLL. JMP Securities reduced their price target on shares of Full House Resorts from $5.00 to $4.00 and set a "market outperform" rating on the stock in a research report on Friday, May 9th. Wall Street Zen upgraded shares of Full House Resorts from a "sell" rating to a "hold" rating in a research report on Wednesday, March 19th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $5.67.
Read Our Latest Research Report on FLL
Full House Resorts Trading Down 2.6%
Shares of FLL traded down $0.11 during midday trading on Tuesday, reaching $4.19. The company had a trading volume of 186,116 shares, compared to its average volume of 174,650. Full House Resorts, Inc. has a 1-year low of $2.86 and a 1-year high of $5.90. The stock has a market cap of $150.74 million, a PE ratio of -3.77 and a beta of 1.64. The firm has a 50 day simple moving average of $3.47 and a 200-day simple moving average of $4.03. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 15.25.
Full House Resorts (NASDAQ:FLL - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.29) by $0.02. The firm had revenue of $65.36 million during the quarter, compared to the consensus estimate of $80.96 million. Full House Resorts had a negative return on equity of 90.09% and a negative net margin of 13.18%.
Insider Activity
In related news, Director Eric J. Green acquired 25,000 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was acquired at an average price of $3.40 per share, for a total transaction of $85,000.00. Following the purchase, the director owned 203,523 shares of the company's stock, valued at $691,978.20. This represents a 14.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 9.40% 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.
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