Emanuel R. Pearlman Sells 2,000 Shares of Empire Resorts Inc (NYNY) Stock

Empire Resorts Inc (NASDAQ:NYNY) insider Emanuel R. Pearlman sold 2,000 shares of the business’s stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $11.87, for a total transaction of $23,740.00. Following the completion of the transaction, the insider now directly owns 127,722 shares of the company’s stock, valued at $1,516,060.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NASDAQ:NYNY opened at $14.31 on Friday. Empire Resorts Inc has a one year low of $6.31 and a one year high of $30.98. 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 (NASDAQ:NYNY) last issued its quarterly earnings data on Wednesday, November 7th. The company reported ($1.03) earnings per share (EPS) for the quarter. The firm had revenue of $59.95 million for the quarter. Empire Resorts had a negative net margin of 65.95% and a negative return on equity of 44.85%.

An institutional investor recently raised its position in Empire Resorts stock. Vanguard Group Inc raised its stake in Empire Resorts Inc (NASDAQ:NYNY) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 54,925 shares of the company’s stock after buying 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 reporting period. 1.89% of the stock is currently owned by hedge funds and other institutional investors.

NYNY has been the subject of a number of research analyst reports. ValuEngine raised shares of Empire Resorts from a “sell” rating to a “hold” rating in a research note on Friday, November 2nd. BidaskClub raised shares of Empire Resorts from a “sell” rating to a “hold” rating in a research note on Friday, December 28th.

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Empire Resorts Company Profile

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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