Clark Capital Management Group Inc. Invests $6.19 Million in Monarch Casino & Resort, Inc. $MCRI
Clark Capital Management Group invested $6.19 million in Monarch Casino & Resort (MCRI) during the 3rd quarter, becoming a 0.32% owner.Summary
Clark Capital Management Group Inc. recently acquired a new position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI), purchasing 58,505 shares valued at approximately $6,192,000. This acquisition resulted in Clark Capital owning 0.32% of Monarch Casino & Resort. Several other institutional investors, including Farther Finance Advisors LLC and Osaic Holdings Inc., also adjusted their positions in MCRI during the third and second quarters, respectively. CEO John Farahi sold shares valued at $100,630, decreasing his ownership by 0.18%. Monarch Casino & Resort’s stock opened at $100.41 on Monday, with a market capitalization of $1.80 billion. Recent quarterly earnings were $1.25 per share, missing estimates, and the company announced a quarterly dividend of $0.30 per share. Analysts offer a “Moderate Buy” rating with a consensus price target of $99.80.
(Source：The Lincolnian Online)