Lewis (JO:LEWJ) A. Fanger, the Senior Vice President, Chief Financial Officer, and Treasurer of Full House Resorts Inc . (NASDAQ:FLL), reported selling shares of the company in a recent transaction. The company, currently valued at $163 million in market capitalization, has seen its stock decline 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 range between $5.0024 and $5.0061, amounting to approximately $43,089. InvestingPro analysis indicates the stock is currently overvalued, with additional insights showing the company is quickly burning through cash - one of several key metrics available in the comprehensive Pro Research Report covering this casino operator.
These transactions were part of a pre-arranged trading plan under Rule 10b5-1, which Fanger adopted on August 22, 2024. Following these sales, Fanger now owns 254,658 shares of Full House Resorts directly. Additionally, Fanger exercised employee stock options to acquire a total of 8,613 shares at $1.37 per share, aligning with the sales reported. The company's stock has shown significant volatility, trading between $3.77 and $5.94 over the past 52 weeks.
In other recent news, Full House Resorts has experienced considerable developments. The casino operator has appointed Jeff Michie as the new vice president and general manager of its Rising Star Casino (EPA:CASP) Resort in Rising Sun, Indiana. Michie, a seasoned casino industry professional, is set to replace Angi Truebner-Webb, who is transitioning to manage the Silver Slipper Casino Hotel in Mississippi.
In addition, Full House Resorts disclosed 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 the potential discrepancies between projected and actual results due to various risks. The company also introduced its upcoming advertising campaign for the Chamonix project.
In an effort to attract top talent, the company's compensation committee approved inducement equity awards for Michie and two other new employees, Kimberly Bender and Katelynn May. These awards are compliant with Nasdaq Listing Rule 5635(c)(4) and are set to vest over a period of three years.
Finally, Full House Resorts highlighted its commitment to transparency and communication with its investors through a question-and-answer session following the formal presentation. These recent developments underscore the company's active engagement with stakeholders and its optimism for the future, particularly with the launch of the Chamonix advertising campaign.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.