Empire Resorts Inc (NYNY) Chairman Emanuel R. Pearlman Sells 1,000 Shares

Empire Resorts Inc (NASDAQ:NYNY) Chairman Emanuel R. Pearlman sold 1,000 shares of the company’s stock in a transaction dated Monday, January 7th. The stock was sold at an average price of $10.30, for a total transaction of $10,300.00. Following the transaction, the chairman now owns 129,722 shares of the company’s stock, valued at approximately $1,336,136.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Empire Resorts stock opened at $10.26 on Thursday. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.35 and a current ratio of 0.38. Empire Resorts Inc has a one year low of $6.31 and a one year high of $30.98.

Empire Resorts (NASDAQ:NYNY) last released its quarterly earnings results on Wednesday, November 7th. The company reported ($1.03) EPS for the quarter. The firm had revenue of $59.95 million for the quarter. Empire Resorts had a negative return on equity of 44.85% and a negative net margin of 65.95%.

Several equities analysts have recently commented on the stock. ValuEngine upgraded shares of Empire Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. BidaskClub upgraded shares of Empire Resorts from a “sell” rating to a “hold” rating in a research report on Friday, December 28th.

An institutional investor recently raised its position in Empire Resorts stock. Vanguard Group Inc increased its stake in Empire Resorts Inc (NASDAQ:NYNY) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,925 shares of the company’s stock after purchasing an additional 1,515 shares during the quarter. Vanguard Group Inc owned about 0.17% of Empire Resorts worth $510,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 1.89% of the company’s stock.

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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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Insider Buying and Selling by Quarter for Empire Resorts (NASDAQ:NYNY)

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