Empire Resorts Inc (NYNY) Insider Emanuel R. Pearlman Sells 1,402 Shares of Stock

Empire Resorts Inc (NASDAQ:NYNY) insider Emanuel R. Pearlman sold 1,402 shares of the company’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $12.88, for a total transaction of $18,057.76. Following the transaction, the insider now owns 148,870 shares in the company, valued at approximately $1,917,445.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

NYNY stock traded down $0.38 during trading on Friday, reaching $12.57. The stock had a trading volume of 9,789 shares, compared to its average volume of 19,649. Empire Resorts Inc has a one year low of $6.31 and a one year high of $30.98. The company has a quick ratio of 0.35, a current ratio of 0.38 and a debt-to-equity ratio of 2.91.

A hedge fund recently raised its stake in Empire Resorts stock. BlackRock Inc. boosted its position in Empire Resorts Inc (NASDAQ:NYNY) by 9.4% in the second quarter, according to its most recent filing with the SEC. 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. 1.85% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on NYNY shares. ValuEngine raised shares of Empire Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 2nd. BidaskClub raised shares of 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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