Franklin Resources Inc. reduced its holdings in Full House Resorts, Inc. (NASDAQ:FLL) by 1.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,857,420 shares of the company’s stock after selling 19,600 shares during the quarter. Franklin Resources Inc. owned approximately 6.90% of Full House Resorts worth $5,962,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in FLL. Gabelli Funds LLC increased its position in shares of Full House Resorts by 50.8% during the fourth quarter. Gabelli Funds LLC now owns 98,000 shares of the company’s stock worth $381,000 after buying an additional 33,000 shares during the period. Lafitte Capital Management LP increased its position in shares of Full House Resorts by 8.1% during the fourth quarter. Lafitte Capital Management LP now owns 1,114,674 shares of the company’s stock worth $4,336,000 after buying an additional 83,670 shares during the period. Renaissance Technologies LLC increased its position in shares of Full House Resorts by 14.9% during the fourth quarter. Renaissance Technologies LLC now owns 858,913 shares of the company’s stock worth $3,341,000 after buying an additional 111,700 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Full House Resorts by 69.8% during the first quarter. Gamco Investors INC. ET AL now owns 410,000 shares of the company’s stock worth $1,316,000 after buying an additional 168,500 shares during the period. Finally, EAM Investors LLC acquired a new stake in shares of Full House Resorts during the fourth quarter worth $684,000. Hedge funds and other institutional investors own 45.85% of the company’s stock.
NASDAQ:FLL traded up $0.08 during trading hours on Wednesday, reaching $3.36. The company had a trading volume of 593 shares, compared to its average volume of 40,576. Full House Resorts, Inc. has a twelve month low of $2.32 and a twelve month high of $4.10. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.56 and a current ratio of 1.64.
Full House Resorts (NASDAQ:FLL) last released its earnings results on Friday, May 11th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.08). Full House Resorts had a negative return on equity of 10.85% and a negative net margin of 5.46%. The firm had revenue of $37.93 million during the quarter.
In related news, Director Ellis Landau acquired 100,000 shares of the business’s stock in a transaction on Monday, March 26th. The stock was acquired at an average cost of $3.00 per share, with a total value of $300,000.00. Following the acquisition, the director now directly owns 184,133 shares in the company, valued at approximately $552,399. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 15.70% of the company’s stock.
Several equities research analysts have recently weighed in on FLL shares. Singular Research began coverage on shares of Full House Resorts in a research report on Friday, February 23rd. They set a “buy” rating and a $3.75 price objective for the company. ValuEngine upgraded shares of Full House Resorts from a “hold” rating to a “buy” rating in a report on Thursday, May 17th. TheStreet upgraded shares of Full House Resorts from a “d+” rating to a “c” rating in a report on Wednesday, May 16th. Finally, Telsey Advisory Group began coverage on shares of Full House Resorts in a report on Tuesday, March 13th. They issued an “outperform” rating and a $4.00 price target for the company.
Full House Resorts Profile
Full House Resorts, Inc owns, operates, develops, manages, leases, and/or invests in casinos, and related hospitality and entertainment facilities in the United States. The company owns and operates the Silver Slipper Casino and Hotel in Hancock County, Mississippi, which has approximately 37,000 square feet of gaming space, a surface parking lot, approximately 800-space parking garage, and 129-rooms, as well as a fine-dining restaurant, a buffet, a quick-service restaurant, and oyster and casino bars.
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