Macquarie Downgrades Full House Resorts to Neutral

Brokerage firm Macquarie Downgrades its rating on Full House Resorts(NASDAQ:FLL). The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by Macquarie was issued on Jun 30, 2016.

Full House Resorts (FLL) shares turned negative on Tuesdays trading session with the shares closing down -0.02 points or -0.97% at a volume of 61,688. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.07. The peak price level was also seen at $2.07 while the days lowest was $2. Finally the shares closed at $2.05. The 52-week high of the shares is $2.08 while the 52-week low is $1.18. According to the latest information available, the market cap of the company is $39 M.

Full House Resorts(FLL) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $32.01M. Analysts had an estimated revenue of $30.87M. Earnings per share were $-0.02. Analysts had estimated an EPS of $-0.04.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Lewis A. Fanger (CFO) purchased 5,500 shares at $1.60 per share price.Also, On Jun 13, 2016, Craig W Thomas (director) purchased 7,400 shares at $1.68 per share price.On Nov 17, 2015, Bradley M Tirpak (director) purchased 7,500 shares at $1.70 per share price, according to the Form-4 filing with the securities and exchange commission.

Full House Resorts Inc. operates through its subsidiaries develops manages operates and/or invests in gaming-related enterprises. The Company owns three properties which includes the Rising Star located in Rising Sun Indiana the Silver Slipper located in Bay St. Louis Mississippi and Stockman’s Casino (Stockman) located in Fallon Nevada. The Company leases one property the Grand Lodge Casino (Grand Lodge) at the Hyatt Regency Lake Tahoe Resort Spa and Casino located in Incline Village Nevada on the North Shore of Lake Tahoe. The Company manages the Buffalo Thunder Casino and Resort (Buffalo Thunder) and the Cities of Gold and Sports Bar casino facilities both located in Santa Fe New Mexico.

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