The COO of Monarch Casino & Resort (NASDAQ: MCRI) is Selling Shares

By Carrie Williams

Yesterday, the COO of Monarch Casino & Resort (NASDAQ: MCRI), David-Jacques Farahi, sold shares of MCRI for $123.8K.

Following David-Jacques Farahi’s last MCRI Sell transaction on March 06, 2014, the stock climbed by 5.9%. In addition to David-Jacques Farahi, one other MCRI executive reported Sell trades in the last month.

Based on Monarch Casino & Resort’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $57.11 million and quarterly net profit of $7.83 million. In comparison, last year the company earned revenue of $53.58 million and had a net profit of $6.39 million. The company has a one year high of $26.13 and a one year low of $17.29. MCRI’s market cap is $432.5M and the company has a P/E ratio of 18.98.

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. The Atlantis features casino space; guest rooms; food outlets; espresso and pastry bars; health spa and salon; retail outlets offering clothing and traditional gift shop merchandise; family entertainment center; banquet, convention and meeting room space. The casino features slot and video poker machines; table games, including blackjack, craps, roulette, and others; a race and sports book; a 24-hour live keno lounge and a poker room. The Monarch Casino Black Hawk features casino space, slot machines, table games, buffet-style restaurant, a snack bar and a parking structure. Monarch Casino & Resort was founded in 1993 and is headquartered in Reno, NV.