Independent Director of Full House Resorts Picks Up 14% More Stock

Whilst it may not be a huge deal, we thought it was good to see that the Full House Resorts, Inc. (NASDAQ:FLL) Independent Director, Eric Green, recently bought US$85k worth of stock, for US$3.40 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 14%.

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Full House Resorts Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the President, Daniel Lee, sold US$474k worth of shares at a price of US$5.04 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of US$3.62. So it may not tell us anything about how insiders feel about the current share price.

All up, insiders sold more shares in Full House Resorts than they bought, over the last year. They sold for an average price of about US$4.98. We are not joyful about insider selling. But we note that the selling, on average, was at well above the recently traded price of US$3.62. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for Full House Resorts

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Does Full House Resorts Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 6.2% of Full House Resorts shares, worth about US$8.2m, according to our data. We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At Full House Resorts Tell Us?

The recent insider purchase is heartening. But we can't say the same for the transactions over the last 12 months. The transactions over the last year don't give us confidence, and nor does the fairly low insider ownership, but at least the recent buying is a positive. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. You'd be interested to know, that we found 1 warning sign for Full House Resorts and we suggest you have a look.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.