Everi (NYSE:EVRI) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Everi (NYSE:EVRI) in a report published on Thursday morning. The brokerage issued a hold rating on the credit services provider’s stock.

Everi Stock Performance

Shares of Everi stock opened at $13.46 on Thursday. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 89.74 and a beta of 2.07. Everi has a 52-week low of $6.37 and a 52-week high of $13.50. The company’s 50-day simple moving average is $13.36 and its 200-day simple moving average is $11.72. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84.

Insider Activity

In other news, Director Geoffrey P. Judge sold 16,000 shares of Everi stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $13.37, for a total transaction of $213,920.00. Following the completion of the sale, the director now directly owns 91,572 shares in the company, valued at approximately $1,224,317.64. This trade represents a 14.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Michael D. Rumbolz sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $13.47, for a total value of $673,500.00. Following the completion of the sale, the chairman now owns 1,032,062 shares in the company, valued at approximately $13,901,875.14. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 255,476 shares of company stock valued at $3,435,636 in the last three months. 6.40% of the stock is currently owned by company insiders.

Institutional Trading of Everi

A number of institutional investors have recently bought and sold shares of the company. Signaturefd LLC boosted its position in shares of Everi by 2,428.6% in the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after buying an additional 3,060 shares in the last quarter. CWM LLC lifted its holdings in shares of Everi by 117.5% in the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 1,897 shares in the last quarter. Huntington National Bank grew its position in shares of Everi by 1,296.2% in the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock valued at $77,000 after purchasing an additional 5,470 shares during the last quarter. Quarry LP increased its stake in shares of Everi by 38.9% during the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after purchasing an additional 2,864 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new position in shares of Everi during the 2nd quarter worth approximately $104,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Everi Company Profile

Everi Holdings Inc develops and supplies entertaining game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, and internationally. It operates in Games and Financial Technology Solutions segments. The company offers classic mechanical reel games and video reel games, as well as TournEvent of Champions, a national slot tournament; and sells gaming equipment and player terminals, licenses, game content, and ancillary equipment, such as signage and lighting packages.