{"id":127517,"date":"2020-02-20T08:51:40","date_gmt":"2020-02-20T16:51:40","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=127517"},"modified":"2020-02-20T11:24:40","modified_gmt":"2020-02-20T19:24:40","slug":"full-house-resorts-is-soaring-after-kennedy-capital-takes-a-stake","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/full-house-resorts-is-soaring-after-kennedy-capital-takes-a-stake\/","title":{"rendered":"Full House Resorts Stock Rally as Asset Manager Takes Big Stake"},"content":{"rendered":"

Somewhat quietly, shares of Full House Resorts, Inc. (NASDAQ:FLL) are in rally mode, and the catalyst appears to be news that an asset manager took a 7.3 percent stake in the regional gaming company.<\/p>\n

\"\"
Silver Slipper owner Full House is seeing its stock surge after a money manager bought a 7.3 percent stake. (Image: LinkedIn)<\/figcaption><\/figure>\n

Entering Thursday, Las Vegas-based Full House was up 5.52 percent over the past week, and the stock is up two percent today at this writing. A Form 13G filing made with the Securities and Exchange Commission (SEC) and obtained by Casino.org <\/i>confirms that Kennedy Capital Management, Inc. recently acquired 1.97 million shares of the gaming company, good for a 7.3 percent stake.<\/p>\n

Schedule 13G is used to report a party’s ownership of stock which exceeds 5% of a company’s total stock issue,\u201d according to Investopedia. <\/i>\u201cThe ownership of over 5% of a publicly-traded stock is significant ownership, and reporting to the public is a requirement.\u201d<\/p><\/blockquote>\n

Full House operates five gaming properties \u2013 the Grand Lodge and Stockman’s casinos in Nevada, the Rising Star Casino Resort in Rising Sun, Ind., Bronco Billy\u2019s in Cripple Creek, Colo., and the Silver Slipper in Bay St. Louis, Miss.<\/p>\n

Could be a Long-Term Investor<\/h2>\n

Gaming equities are favored destinations<\/a> for a slew of activist investors and hedge funds, many of which remain engaged with the stocks for just a few quarters. Kennedy Capital, however, appears to be neither. The St. Louis-based firm, which had $4.23 billion in assets under management at the end of last year, doesn’t have a history of activism.<\/p>\n

\u201cThe cornerstone of our investment approach is a highly analytical, repeatable process based on a rigorous, bottom-up fundamental search for stock ideas developed by our founders more than three decades ago,\u201d according to the company<\/strong>.<\/p>\n

Kennedy Capital specializes in unearthing equity opportunities in the micro, mid, and small-cap universes. With a market capitalization of just over $91 million at this writing, Full House qualifies as a micro-cap stock.<\/p>\n

\n

The investment manager runs a dozen strategies across the core, growth and value styles. Kennedy’s 13G filing doesn’t say how the firm is allocating its Full House stake. But its micro-cap portfolio would be a logical destination. That investment grouping looks to beat the Russell Microcap Index, something the firm has done over the past three, five, and 10 years.<\/p>\n<\/div>\n

At the end of 2019, Twin River Worldwide Holdings (NYSE:TRWW), another gaming stock, was a top 10 holding in Kennedy’s micro-cap portfolio.<\/p>\n

Other Investors Like it, Too<\/h2>\n

Some other institutional investors have warmed to Full House in recent months. Last November, the stock jumped as much as 22 percent in a single day after Gabelli Asset Management Company Investors (GAMCO) founder Mario Gabelli highlighted the name in a <\/a>CNBC <\/i>interview<\/a>.<\/p>\n

One trait many micro-cap stocks have in common is lack of analyst coverage. For example, just two analysts follow Full House compared to 21 covering Las Vegas Sands (NYSE:LVS), the largest US gaming firm.<\/p>\n

However, the analysts with Full House in their universe are bullish on the name, with an average price target of $4.25, implying upside of 21.4 percent from where the stock resides at this writing.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Somewhat quietly, shares of Full House Resorts, Inc. (NASDAQ:FLL) are in rally mode, and the catalyst appears to be news that an asset manager took a 7.3 percent stake in the regional gaming company. Entering Thursday, Las Vegas-based Full House was up 5.52 percent over the past week, and the stock is up two percent […]<\/p>\n","protected":false},"author":46,"featured_media":127519,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,33810],"tags":[],"acf":[],"yoast_head":"\nFull House Resorts Is Soaring After Kennedy Capital Takes a Stake<\/title>\n<meta name=\"description\" content=\"Full House Resorts stock has been on fire in recent days following a filing confirming that Kennedy Capital bought 7.3 percent of the company.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Full House Resorts Is Soaring After Kennedy Capital Takes a Stake\" \/>\n<meta property=\"og:description\" content=\"Full House Resorts stock has been on fire in recent days following a filing confirming that Kennedy Capital bought 7.3 percent of the company.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/full-house-resorts-is-soaring-after-kennedy-capital-takes-a-stake\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-20T16:51:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-20T19:24:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/02\/ss.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1365\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/full-house-resorts-is-soaring-after-kennedy-capital-takes-a-stake\/\",\"url\":\"https:\/\/www.casino.org\/news\/full-house-resorts-is-soaring-after-kennedy-capital-takes-a-stake\/\",\"name\":\"Full House Resorts Is Soaring After Kennedy Capital Takes a Stake\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/full-house-resorts-is-soaring-after-kennedy-capital-takes-a-stake\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/full-house-resorts-is-soaring-after-kennedy-capital-takes-a-stake\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/02\/ss.jpg\",\"datePublished\":\"2020-02-20T16:51:40+00:00\",\"dateModified\":\"2020-02-20T19:24:40+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Full House Resorts stock has been on fire in recent days following a filing confirming that Kennedy Capital bought 7.3 percent of the company.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/full-house-resorts-is-soaring-after-kennedy-capital-takes-a-stake\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/full-house-resorts-is-soaring-after-kennedy-capital-takes-a-stake\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/full-house-resorts-is-soaring-after-kennedy-capital-takes-a-stake\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/02\/ss.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/02\/ss.jpg\",\"width\":2048,\"height\":1365,\"caption\":\"Silver Slipper owner Full House is seeing its stock surge after a money manager bought a 7.3 percent stake. 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