Monarch Casino & Resort, Inc. (MCRI) President Sells $564,723.46 in Stock

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) President Bob Farahi sold 12,242 shares of Monarch Casino & Resort stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $46.13, for a total value of $564,723.46. Following the sale, the president now directly owns 378,074 shares in the company, valued at $17,440,553.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Bob Farahi also recently made the following trade(s):

  • On Tuesday, December 12th, Bob Farahi sold 16,000 shares of Monarch Casino & Resort stock. The shares were sold at an average price of $46.62, for a total value of $745,920.00.
  • On Thursday, November 30th, Bob Farahi sold 26,200 shares of Monarch Casino & Resort stock. The shares were sold at an average price of $47.21, for a total value of $1,236,902.00.
  • On Monday, November 20th, Bob Farahi sold 11,111 shares of Monarch Casino & Resort stock. The shares were sold at an average price of $46.17, for a total value of $512,994.87.
  • On Friday, November 17th, Bob Farahi sold 3,000 shares of Monarch Casino & Resort stock. The shares were sold at an average price of $46.04, for a total value of $138,120.00.
  • On Wednesday, November 15th, Bob Farahi sold 4,101 shares of Monarch Casino & Resort stock. The shares were sold at an average price of $45.51, for a total transaction of $186,636.51.
  • On Friday, November 10th, Bob Farahi sold 2,020 shares of Monarch Casino & Resort stock. The shares were sold at an average price of $45.53, for a total transaction of $91,970.60.
  • On Wednesday, November 8th, Bob Farahi sold 91 shares of Monarch Casino & Resort stock. The shares were sold at an average price of $46.20, for a total transaction of $4,204.20.
  • On Monday, November 13th, Bob Farahi sold 10,111 shares of Monarch Casino & Resort stock. The shares were sold at an average price of $45.48, for a total transaction of $459,848.28.

Monarch Casino & Resort, Inc. (NASDAQ MCRI) traded up $0.09 during trading hours on Friday, reaching $45.42. 30,469 shares of the company’s stock were exchanged, compared to its average volume of 64,156. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.08 and a current ratio of 1.17. Monarch Casino & Resort, Inc. has a fifty-two week low of $23.10 and a fifty-two week high of $47.92. The company has a market cap of $798.47, a P/E ratio of 29.88 and a beta of 1.11.

Monarch Casino & Resort (NASDAQ:MCRI) last posted its earnings results on Tuesday, October 24th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Monarch Casino & Resort had a net margin of 11.99% and a return on equity of 11.25%. The business had revenue of $63.03 million during the quarter, compared to the consensus estimate of $60.05 million. equities analysts predict that Monarch Casino & Resort, Inc. will post 1.51 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the business. Texas Permanent School Fund grew its position in Monarch Casino & Resort by 1.1% in the 2nd quarter. Texas Permanent School Fund now owns 8,052 shares of the company’s stock worth $244,000 after purchasing an additional 84 shares during the period. The Manufacturers Life Insurance Company grew its position in Monarch Casino & Resort by 2.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,754 shares of the company’s stock worth $295,000 after purchasing an additional 224 shares during the period. Nationwide Fund Advisors grew its position in Monarch Casino & Resort by 6.6% in the 2nd quarter. Nationwide Fund Advisors now owns 7,156 shares of the company’s stock worth $216,000 after purchasing an additional 446 shares during the period. Zacks Investment Management grew its position in Monarch Casino & Resort by 1.9% in the 2nd quarter. Zacks Investment Management now owns 76,027 shares of the company’s stock worth $2,300,000 after purchasing an additional 1,381 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its position in Monarch Casino & Resort by 29.7% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,730 shares of the company’s stock worth $266,000 after purchasing an additional 1,540 shares during the period. 58.29% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on MCRI shares. Union Gaming Research upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. UBS Group upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. ValuEngine lowered shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Wednesday, October 11th. Finally, BidaskClub lowered shares of Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $53.25.

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About Monarch Casino & Resort

Monarch Casino & Resort, Inc (Monarch), through its subsidiary, owns and operates the Atlantis Casino Resort Spa (the Atlantis), a hotel/casino facility in Reno, Nevada. The Company also owns and operates Monarch Casino Black Hawk. The Company’s segments include Atlantis and Monarch Casino Black Hawk.

Insider Buying and Selling by Quarter for Monarch Casino & Resort (NASDAQ:MCRI)

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