Empire Resorts Inc (NASDAQ:NYNY) insider Emanuel R. Pearlman sold 2,000 shares of Empire Resorts stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $10.18, for a total transaction of $20,360.00. Following the completion of the sale, the insider now owns 129,722 shares of the company’s stock, valued at approximately $1,320,569.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of NYNY stock opened at $11.60 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.38 and a debt-to-equity ratio of 2.91. Empire Resorts Inc has a 12 month low of $6.31 and a 12 month high of $30.98.

Empire Resorts (NASDAQ:NYNY) last announced its quarterly earnings results on Wednesday, November 7th. The company reported ($1.03) EPS for the quarter. The business 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%.

Several research firms have recently weighed in on NYNY. BidaskClub upgraded shares of Empire Resorts from a “sell” rating to a “hold” rating in a research note on Friday, December 28th. ValuEngine upgraded shares of Empire Resorts from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd.

A hedge fund recently raised its stake in Empire Resorts stock. Vanguard Group Inc raised its holdings in shares of Empire Resorts Inc (NASDAQ:NYNY) by 2.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,925 shares of the company’s stock after purchasing an additional 1,515 shares during the quarter. Vanguard Group Inc owned 0.17% of Empire Resorts worth $510,000 as of its most recent SEC filing. 1.89% of the stock is currently owned by hedge funds and other institutional investors.

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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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