The President of Monarch Casino & Resort Inc is Exercising Options

Today, the President of Monarch Casino & Resort Inc, Bob Farahi, exercised options of Monarch Casino & Resort Inc (NASDAQ: MCRI) for $1.49M.

Following this transaction Bob Farahi’s holding in the company was increased by 2.47% to a total of $65.83 million. Following Bob Farahi’s last MCRI Buy transaction on December 19, 2017, the stock climbed by 1.2%.

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Based on Monarch Casino & Resort Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $56.27 million and quarterly net profit of $6.74 million. In comparison, last year the company earned revenue of $53.41 million and had a net profit of $4.87 million. MCRI’s market cap is $848.2M and the company has a P/E ratio of 32.10. Currently, Monarch Casino & Resort Inc has an average volume of 15.42K.

The insider sentiment on Monarch Casino & Resort Inc has been negative according to 15 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Monarch Casino & Resort, Inc. owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada, and the Monarch Black Hawk Casino (formerly the Riviera Black Hawk Casino) in Black Hawk, Colorado.

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