Zacks Investment Research upgraded shares of Full House Resorts (NASDAQ:FLL) from a strong sell rating to a hold rating in a research note published on Wednesday morning, Zacks.com reports.

According to Zacks, “Full House develops and manages gaming facilities. The Company has a management agreement with the Nottawaseppi Huron Band of Potawatomi Indians for the development and management of a first-class casino/resort with gaming devices in the Battle Creek, Michigan area, which is currently in the pre-development stage. Full House also manages Midway Slots and Simulcast at the Delaware State Fairgrounds in Harrington, Delaware, along with the owner of the adjacent racetrack. “

Shares of FLL stock opened at $1.87 on Wednesday. The stock has a 50-day moving average price of $1.99. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.13 and a quick ratio of 1.06. Full House Resorts has a 12 month low of $1.60 and a 12 month high of $3.41.

Full House Resorts (NASDAQ:FLL) last announced its quarterly earnings data on Monday, May 6th. The company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.08). The firm had revenue of $40.49 million during the quarter, compared to analyst estimates of $41.44 million. Full House Resorts had a negative return on equity of 2.87% and a negative net margin of 1.02%. Equities analysts anticipate that Full House Resorts will post -0.03 earnings per share for the current fiscal year.

In related news, Director Craig W. Thomas bought 20,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was bought at an average cost of $2.22 per share, for a total transaction of $44,400.00. Following the transaction, the director now owns 449,651 shares of the company’s stock, valued at $998,225.22. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 16.10% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Kennedy Capital Management Inc. grew its position in shares of Full House Resorts by 2.5% in the 1st quarter. Kennedy Capital Management Inc. now owns 1,311,304 shares of the company’s stock valued at $2,649,000 after purchasing an additional 32,224 shares during the period. Gabelli Funds LLC grew its position in shares of Full House Resorts by 3.2% in the 1st quarter. Gabelli Funds LLC now owns 739,458 shares of the company’s stock valued at $1,494,000 after purchasing an additional 23,030 shares during the period. RMB Capital Management LLC acquired a new position in shares of Full House Resorts in the 4th quarter valued at approximately $606,000. Penn Capital Management Co. Inc. grew its position in shares of Full House Resorts by 3.7% in the 1st quarter. Penn Capital Management Co. Inc. now owns 116,990 shares of the company’s stock valued at $236,000 after purchasing an additional 4,120 shares during the period. Finally, Ingalls & Snyder LLC acquired a new position in shares of Full House Resorts in the 1st quarter valued at approximately $55,000. Institutional investors own 45.04% of the company’s stock.

About Full House Resorts

Full House Resorts, Inc owns, develops, operates, 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 920 slot machines and 26 table games, a surface parking lot, approximately 800-space parking garage, and 129 hotel rooms; a fine-dining restaurant, a buffet, and a quick-service restaurant, as well as oyster, casino, beachfront bars; and 37-space beachfront RV park.

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