Empire Resorts Inc (NASDAQ:NYNY) insider Emanuel R. Pearlman sold 2,000 shares of Empire Resorts stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $11.87, for a total value of $23,740.00. Following the completion of the transaction, the insider now directly owns 147,320 shares in the company, valued at $1,748,688.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Empire Resorts stock traded down $0.41 during midday trading on Thursday, hitting $11.20. 3,308 shares of the company were exchanged, compared to its average volume of 20,057. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.38 and a quick ratio of 0.35. Empire Resorts Inc has a fifty-two week low of $6.31 and a fifty-two week high of $30.98.

A hedge fund recently raised its stake in Empire Resorts stock. BlackRock Inc. raised its holdings in Empire Resorts Inc (NASDAQ:NYNY) by 9.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 283,038 shares of the company’s stock after purchasing an additional 24,384 shares during the period. BlackRock Inc. owned about 0.86% of Empire Resorts worth $5,605,000 as of its most recent SEC filing. 1.89% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on NYNY shares. ValuEngine raised Empire Resorts from a “sell” rating to a “hold” rating in a research note on Friday, November 2nd. BidaskClub raised Empire Resorts from a “strong sell” rating to a “sell” rating in a research report on Friday, November 16th.

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About Empire Resorts

Empire Resorts, Inc engages in hospitality and gaming businesses in New York. The company owns and operates Monticello Casino and Raceway, a video gaming machine (VGM) and harness horseracing facility in Monticello that operates 1,110 VGMs, including 1,070 video lottery terminals and 40 electronic table game positions, as well as Resorts World Catskills, a casino resort located in Sullivan County, New York.

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