Full House Resorts, Inc. (NASDAQ:FLL) Sees Significant Decline in Short Interest

Full House Resorts, Inc. (NASDAQ:FLL) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 744,840 shares, a decrease of 18.9% from the December 15th total of 918,744 shares. Currently, 2.3% of the shares of the company are short sold. Based on an average trading volume of 207,951 shares, the days-to-cover ratio is presently 3.6 days. Based on an average trading volume of 207,951 shares, the days-to-cover ratio is presently 3.6 days. Currently, 2.3% of the shares of the company are short sold.

Institutional Trading of Full House Resorts

Several hedge funds and other institutional investors have recently bought and sold shares of FLL. Mink Brook Asset Management LLC raised its position in shares of Full House Resorts by 2.6% in the 3rd quarter. Mink Brook Asset Management LLC now owns 207,198 shares of the company’s stock valued at $665,000 after purchasing an additional 5,192 shares during the last quarter. Bank of America Corp DE increased its stake in Full House Resorts by 67.1% during the 3rd quarter. Bank of America Corp DE now owns 40,273 shares of the company’s stock valued at $129,000 after purchasing an additional 16,168 shares in the last quarter. Ancora Advisors LLC raised its holdings in shares of Full House Resorts by 21.6% in the third quarter. Ancora Advisors LLC now owns 107,810 shares of the company’s stock worth $346,000 after buying an additional 19,150 shares during the last quarter. Private Management Group Inc. raised its holdings in shares of Full House Resorts by 1.0% in the third quarter. Private Management Group Inc. now owns 1,725,285 shares of the company’s stock worth $5,538,000 after buying an additional 17,551 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Full House Resorts by 282.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 343,233 shares of the company’s stock worth $1,102,000 after buying an additional 253,536 shares during the period. Institutional investors own 37.68% of the company’s stock.

Full House Resorts Trading Up 2.3%

NASDAQ:FLL traded up $0.06 during mid-day trading on Monday, hitting $2.62. 146,401 shares of the stock traded hands, compared to its average volume of 145,211. The company has a quick ratio of 0.65, a current ratio of 0.68 and a debt-to-equity ratio of 33.44. Full House Resorts has a 52 week low of $2.25 and a 52 week high of $5.59. The stock has a market capitalization of $94.63 million, a price-to-earnings ratio of -2.34 and a beta of 1.31. The firm’s 50 day moving average is $2.65 and its two-hundred day moving average is $3.23.

Full House Resorts (NASDAQ:FLL) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.01). The business had revenue of $77.95 million during the quarter, compared to the consensus estimate of $76.40 million. Full House Resorts had a negative net margin of 13.38% and a negative return on equity of 150.12%.

Analyst Ratings Changes

A number of research analysts recently commented on FLL shares. Citizens Jmp lowered their price target on shares of Full House Resorts from $5.00 to $4.00 and set a “market outperform” rating for the company in a report on Friday, November 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Full House Resorts in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $4.50.

Full House Resorts Company Profile

Full House Resorts, Inc (NASDAQ: FLL) is a gaming, lodging and entertainment company headquartered in Summerfield, Nevada. Founded in 1987, the company designs, develops and operates casino resorts and ancillary hospitality facilities in multiple U.S. markets. Its business model emphasizes regional gaming properties that combine slot machines, table games, hotel accommodations and live entertainment to serve a broad customer base.

The company’s property portfolio spans five states, including Bronco Billy’s Casino & Hotel and Grand Lodge Casino in Black Hawk, Colorado; Silver Slipper Casino Hotel and Harlow’s Casino Resort in Mississippi; Running Aces Harness Park & Casino in Minnesota; Rising Star Casino Resort in Indiana; and Stockman’s Casino in Nevada.