BlackRock Cuts Full House Resorts Stake to 4.7%
Ticker: FLL · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 891482
| Field | Detail |
|---|---|
| Company | Full House Resorts Inc (FLL) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | medium |
| Sentiment | bearish |
Complexity: simple
Sentiment: bearish
Topics: institutional-ownership, stake-reduction, SC-13G/A, casino-gaming
TL;DR
**BlackRock trimmed its stake in Full House Resorts to 4.7%, signaling a potential bearish shift.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, disclosing its ownership in Full House Resorts Inc. As of December 31, 2023, BlackRock Inc. reported beneficial ownership of 1,775,190 shares of Full House Resorts Inc. Common Stock, representing 4.7% of the company. This is a decrease from their previous filing, indicating BlackRock has reduced its stake. This matters to investors because a major institutional investor like BlackRock reducing its position could signal a less bullish outlook on the stock's future performance.
Why It Matters
BlackRock's reduced stake in Full House Resorts Inc. could be interpreted by the market as a lack of confidence, potentially influencing other investors' decisions and the stock price.
Risk Assessment
Risk Level: medium — A significant institutional investor reducing its holdings can create downward pressure on the stock price and indicates a potential shift in sentiment.
Analyst Insight
A smart investor would investigate the reasons behind BlackRock's reduced stake and consider if this signals a fundamental change in Full House Resorts Inc.'s outlook before making investment decisions.
Key Numbers
- 1,775,190 — Shares Beneficially Owned (This is the total number of shares of Full House Resorts Inc. Common Stock BlackRock Inc. reported owning as of December 31, 2023.)
- 4.7% — Percentage of Class (This represents BlackRock Inc.'s ownership stake in Full House Resorts Inc. Common Stock, indicating a reduction from previous filings.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person who filed the SC 13G/A
- Full House Resorts Inc. (company) — the subject company in which BlackRock holds shares
- 1,775,190 shares (dollar_amount) — the number of shares beneficially owned by BlackRock Inc. as of December 31, 2023
- 4.7% (dollar_amount) — the percentage of Full House Resorts Inc. Common Stock beneficially owned by BlackRock Inc.
- December 31, 2023 (date) — the date of the event requiring the filing of this statement
- January 29, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- Full House Resorts Inc. stock price may experience downward pressure. (Full House Resorts Inc.) — medium confidence, target: Q1 2024
- Other institutional investors might re-evaluate their positions in Full House Resorts Inc. (Institutional Investors) — medium confidence, target: Q1 2024
FAQ
Who filed this SC 13G/A amendment?
BlackRock Inc. filed this SC 13G/A amendment, as indicated in the 'FILED BY' section of the filing.
What is the subject company of this filing?
The subject company is FULL HOUSE RESORTS INC, as stated in the 'SUBJECT COMPANY' section and the 'Name of Issuer' on the Schedule 13G.
What type of securities does BlackRock Inc. own in Full House Resorts Inc.?
BlackRock Inc. owns 'Common Stock' of Full House Resorts Inc., as specified under 'Title of Class of Securities' on the Schedule 13G.
As of what date did BlackRock Inc. report its beneficial ownership percentage?
BlackRock Inc. reported its beneficial ownership percentage as of December 31, 2023, which is the 'Date of Event Which Requires Filing of this Statement'.
What percentage of Full House Resorts Inc. Common Stock does BlackRock Inc. beneficially own according to this filing?
BlackRock Inc. beneficially owns 4.7% of Full House Resorts Inc. Common Stock, as detailed in the filing's summary of beneficial ownership.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding FULL HOUSE RESORTS INC (FLL).