Institutional Investors Own Over Half of Full House Resorts
September 19, 2022
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FLL Intrinsic Value –
If you want to know who really controls Full House Resorts($NASDAQ:FLL), Inc, look no further than the institutional investors who own 54% of the company. These large investors have a significant amount of control over the company, and they are likely to continue to be major players in its future.
Stock Price
On Wednesday, Full House Resorts stock opened at $6.8 and closed at $6.8, up by 0.6% from previous closing price of 6.8. The company has been in the news recently for its financial troubles, but the stock price seems to be holding steady.
VI Analysis – FLL Intrinsic Value
Full House Resorts is a gaming and lodging company that owns, operates, or has an interest in casino resorts. The company’s fundamentals reflect its long term potential, and the intrinsic value of its shares is around $5.9, calculated by VI Line. The stock is currently traded at $6.8, which is a fair price that is slightly overvalued by 16%.
Summary
These large investors include money managers, hedge funds, and other financial institutions. The high level of institutional ownership is generally seen as a positive for a company, as it indicates that these sophisticated investors believe in the long-term prospects of the business. Additionally, institutions are more likely to hold onto their shares during periods of market volatility, providing some stability for the stock. The company’s properties include the Silver Slipper Casino in Mississippi, the Bronco Billy’s Casino in Colorado, and the Rising Star Casino Resort in Indiana. The company has been facing some challenges in recent years, including declining revenue and income.
However, Full House Resorts has taken steps to improve its financial situation, such as refinancing its debt and selling non-core assets. Looking ahead, Full House Resorts is focusing on growing its customer base and improving its operations. The company is also working on developing new projects, such as a hotel at the Silver Slipper Casino. Despite the challenges that Full House Resorts has faced, the company’s stock has outperformed the market in recent years. Given the strong performance of the stock and the positive long-term prospects for the company, Full House Resorts is an attractive investment for institutional investors.
