Insider Selling: Isle of Capri Casinos (ISLE) VP Sells $540,209.75 in Stock

Isle of Capri Casinos (NASDAQ:ISLE) VP Michael Allan Hart sold 20,225 shares of the company’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $26.71, for a total value of $540,209.75. Following the completion of the sale, the vice president now owns 12,643 shares of the company’s stock, valued at approximately $337,694.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Isle of Capri Casinos (NASDAQ:ISLE) opened at 26.09 on Tuesday. The stock has a market cap of $1.08 billion, a PE ratio of 16.06 and a beta of 1.55. The firm has a 50-day moving average price of $24.74 and a 200-day moving average price of $22.80. Isle of Capri Casinos has a 12 month low of $12.08 and a 12 month high of $26.89.

Isle of Capri Casinos (NASDAQ:ISLE) last posted its quarterly earnings data on Thursday, February 23rd. The company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.02. The business earned $193.80 million during the quarter, compared to analyst estimates of $203.24 million. Isle of Capri Casinos had a return on equity of 62.06% and a net margin of 7.02%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 EPS. Equities analysts forecast that Isle of Capri Casinos will post $1.26 EPS for the current year.

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A number of analysts have commented on ISLE shares. Gabelli upgraded Isle of Capri Casinos from a “hold” rating to a “buy” rating in a research report on Friday, December 2nd. Zacks Investment Research upgraded Isle of Capri Casinos from a “sell” rating to a “hold” rating in a research report on Tuesday, December 20th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Isle of Capri Casinos presently has a consensus rating of “Hold” and an average price target of $19.80.

Several hedge funds have recently bought and sold shares of the company. Sphinx Trading LP acquired a new stake in Isle of Capri Casinos during the third quarter worth $100,000. Great West Life Assurance Co. Can acquired a new stake in Isle of Capri Casinos during the third quarter worth $109,000. Victory Capital Management Inc. acquired a new stake in Isle of Capri Casinos during the third quarter worth $116,000. PNC Financial Services Group Inc. boosted its stake in Isle of Capri Casinos by 3,980.9% in the third quarter. PNC Financial Services Group Inc. now owns 7,060 shares of the company’s stock worth $158,000 after buying an additional 6,887 shares during the last quarter. Finally, 1st Global Advisors Inc. acquired a new stake in Isle of Capri Casinos during the third quarter worth $354,000. 53.94% of the stock is owned by hedge funds and other institutional investors.

Isle of Capri Casinos Company Profile

Isle of Capri Casinos, Inc is a developer, owner and operator of branded gaming facilities and related dining, lodging and entertainment facilities in regional markets in the United States. The Company owns or operates over 10 gaming and entertainment facilities in Colorado, Florida, Iowa, Louisiana, Mississippi, Missouri and Pennsylvania.

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