Private Management Group Inc. Has $6.78 Million Stock Holdings in Full House Resorts, Inc. (NASDAQ:FLL)

Private Management Group Inc. raised its stake in shares of Full House Resorts, Inc. (NASDAQ:FLL) by 182.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,661,159 shares of the company’s stock after buying an additional 1,072,140 shares during the period. Private Management Group Inc. owned about 4.67% of Full House Resorts worth $6,778,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Full House Resorts during the fourth quarter worth $26,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Full House Resorts during the 2nd quarter worth about $50,000. KG&L Capital Management LLC acquired a new stake in shares of Full House Resorts during the 3rd quarter valued at about $50,000. SG Americas Securities LLC bought a new stake in shares of Full House Resorts in the 3rd quarter valued at approximately $54,000. Finally, Barclays PLC grew its stake in shares of Full House Resorts by 268.5% in the 3rd quarter. Barclays PLC now owns 43,247 shares of the company’s stock valued at $217,000 after buying an additional 31,512 shares in the last quarter. 37.68% of the stock is currently owned by hedge funds and other institutional investors.

Full House Resorts Stock Performance

Shares of FLL opened at $5.22 on Friday. The company’s fifty day moving average is $4.58 and its 200-day moving average is $4.87. Full House Resorts, Inc. has a 12 month low of $3.77 and a 12 month high of $5.94. The firm has a market cap of $185.83 million, a price-to-earnings ratio of -4.42 and a beta of 1.94. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 9.04.

Insider Buying and Selling

In related news, CFO Lewis A. Fanger sold 104,992 shares of the company’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $4.62, for a total transaction of $485,063.04. Following the completion of the sale, the chief financial officer now directly owns 254,658 shares of the company’s stock, valued at approximately $1,176,519.96. This represents a 29.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathleen M. Caracciolo sold 8,900 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $4.43, for a total transaction of $39,427.00. Following the sale, the director now directly owns 40,997 shares of the company’s stock, valued at approximately $181,616.71. This represents a 17.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 166,351 shares of company stock valued at $788,259. Company insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on FLL. B. Riley reduced their target price on shares of Full House Resorts from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. JMP Securities restated a “market outperform” rating and set a $6.00 price target on shares of Full House Resorts in a research note on Monday, January 27th.

Full House Resorts Company Profile

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.