Lewis (JO:) A. Fanger, Senior Vice President, Chief Financial Officer and Treasurer Full House Resorts Inc . (NASDAQ:), reported the sale of shares of the company in a recent transaction. The company, whose market capitalization is currently estimated at $163 million, has seen its shares decline by about 13% over the past six months, according to InvestingPro data. According to a Form 4 filing with the Securities and Exchange Commission, Fanger sold a total of 8,613 shares over two days, January 17 and January 21, 2025. The shares were sold at a weighted average price between $5.0024 and $5.0061, which is approximately $43,089. InvestingPro analysis shows that the stock is currently overvalued, with additional insights showing that the company is spending money quickly – one of several key indicators available in the comprehensive Pro Research Report covering the casino operator.
These transactions were part of a prearranged trading plan pursuant to Rule 10b5-1, adopted by Fanger on August 22, 2024. Following these sales, Fanger now directly owns 254,658 shares of Full House Resorts. In addition, Fanger exercised employee stock options to acquire a total of 8,613 shares at $1.37 per share, in line with the reported sale. The company’s shares have shown significant volatility, trading between $3.77 and $5.94 over the past 52 weeks.
In other recent news, Full House Resorts has seen significant progress. Casino operator names Jeff Michie as new vice president and general manager of its Rising Star casino (EPA:) Resort in Rising Sun, Indiana. Michie, a seasoned casino industry professional, is slated to replace Angi Truebner-Webb, who is transitioning to the position of manager of the Silver Slipper Casino Hotel in Mississippi.
Additionally, Full House Resorts announced its third quarter financial results, led by Chief Financial Officer Lewis Fanger. The discussion included forward-looking statements under the safe harbor provision, with an emphasis on potential deviations between projected and actual results due to various risks. The company also unveiled its upcoming ad campaign for the Chamonix project.
In an effort to attract top talent, the compensation committee approved incentive awards for Michie and two other new hires, Kimberly Bender and Katelynn May. These awards comply with Nasdaq listing rule 5635(c)(4) and vest over a three-year period.
Finally, Full House Resorts highlighted its commitment to transparency and communication with its investors through a question and answer session after the official presentation. These recent events highlight the company’s active engagement with stakeholders and its optimism for the future, especially with the launch of an advertising campaign in Chamonix.
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