Full House Resorts (NASDAQ:FLL) Given New $5.00 Price Target at JMP Securities

Full House Resorts (NASDAQ:FLL - Get Free Report) had its price objective boosted by equities research analysts at JMP Securities from $4.00 to $5.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "market outperform" rating on the stock. JMP Securities' price objective would suggest a potential upside of 5.93% from the company's previous close.

Full House Resorts Price Performance

Shares of Full House Resorts stock traded up $0.01 during mid-day trading on Friday, reaching $4.72. 243,326 shares of the stock traded hands, compared to its average volume of 177,866. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 15.25. The business has a 50-day moving average of $3.73 and a 200 day moving average of $4.05. The stock has a market capitalization of $169.83 million, a PE ratio of -4.25 and a beta of 1.64. Full House Resorts has a fifty-two week low of $2.86 and a fifty-two week high of $5.90.

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 for the quarter, topping the consensus estimate of ($0.29) by $0.02. The company had revenue of $65.36 million during the quarter, compared to analyst estimates 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 Transactions at Full House Resorts

In other Full House Resorts news, Director Eric J. Green purchased 25,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was bought at an average cost of $3.40 per share, with a total value of $85,000.00. Following the acquisition, the director directly owned 203,523 shares of the company's stock, valued at approximately $691,978.20. This represents a 14.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 9.40% of the company's stock.

Hedge Funds Weigh In On Full House Resorts

Several institutional investors have recently added to or reduced their stakes in the stock. KG&L Capital Management LLC increased its position in Full House Resorts by 87.0% during the 2nd quarter. KG&L Capital Management LLC now owns 21,500 shares of the company's stock worth $79,000 after purchasing an additional 10,000 shares during the period. Jane Street Group LLC purchased a new stake in Full House Resorts in the 1st quarter valued at approximately $54,000. Aristeia Capital L.L.C. purchased a new stake in Full House Resorts in the 1st quarter valued at approximately $83,000. MetLife Investment Management LLC purchased a new position in shares of Full House Resorts during the 1st quarter worth $86,000. Finally, American Century Companies Inc. increased its holdings in shares of Full House Resorts by 33.1% during the 1st quarter. American Century Companies Inc. now owns 474,048 shares of the company's stock worth $1,982,000 after buying an additional 117,936 shares during the last quarter. Institutional investors and hedge funds own 37.68% of the company's stock.

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.