Monarch Casino & Resort, Inc. (NASDAQ:MCRI) President Bob Farahi sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $46.62, for a total value of $745,920.00. Following the completion of the transaction, the president now directly owns 390,316 shares of the company’s stock, valued at $18,196,531.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • 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 value 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 value 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 value 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 value of $459,848.28.

Shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) traded down $0.42 during midday trading on Thursday, reaching $45.38. The company’s stock had a trading volume of 39,792 shares, compared to its average volume of 47,742. Monarch Casino & Resort, Inc. has a 1-year low of $23.10 and a 1-year high of $47.92. The company has a market capitalization of $810.51, a price-to-earnings ratio of 30.13 and a beta of 1.10. The company has a current ratio of 1.17, a quick ratio of 1.08 and a debt-to-equity ratio of 0.10.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in MCRI. Cornerstone Capital Management Holdings LLC. bought a new position in Monarch Casino & Resort during the second quarter valued at $156,000. Macquarie Group Ltd. bought a new position in Monarch Casino & Resort during the third quarter valued at $171,000. Russell Investments Group Ltd. bought a new position in shares of Monarch Casino & Resort in the second quarter worth $173,000. Thrivent Financial For Lutherans bought a new position in shares of Monarch Casino & Resort in the second quarter worth $201,000. Finally, Nationwide Fund Advisors boosted its holdings in shares of Monarch Casino & Resort by 6.6% in the second quarter. Nationwide Fund Advisors now owns 7,156 shares of the company’s stock worth $216,000 after acquiring an additional 446 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. ValuEngine raised Monarch Casino & Resort from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Union Gaming Research raised Monarch Casino & Resort from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. Zacks Investment Research raised 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, UBS raised Monarch Casino & Resort from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Monarch Casino & Resort presently has a consensus rating of “Buy” and an average price target of $53.25.

ILLEGAL ACTIVITY WARNING: “Monarch Casino & Resort, Inc. (MCRI) President Bob Farahi Sells 16,000 Shares of Stock” was originally published by Watch List News and is the property of of Watch List News. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://www.watchlistnews.com/monarch-casino-resort-inc-mcri-president-bob-farahi-sells-16000-shares-of-stock/1764560.html.

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)

Receive News & Ratings for Monarch Casino & Resort Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monarch Casino & Resort and related companies with Analyst Ratings Network's FREE daily email newsletter.