Everi (NYSE:EVRI) Now Covered by StockNews.com

StockNews.com started coverage on shares of Everi (NYSE:EVRI) in a report released on Friday morning. The firm issued a hold rating on the credit services provider’s stock.

Everi Stock Performance

Shares of NYSE:EVRI opened at $13.49 on Friday. Everi has a 12-month low of $6.37 and a 12-month high of $13.53. The company’s 50 day moving average price is $13.39 and its two-hundred day moving average price is $11.98. The firm has a market cap of $1.16 billion, a PE ratio of 89.94 and a beta of 2.07. 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 related news, EVP Darren Simmons sold 50,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $13.46, for a total transaction of $673,000.00. Following the sale, the executive vice president now owns 140,425 shares in the company, valued at approximately $1,890,120.50. This trade represents a 26.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David Lucchese sold 45,476 shares of Everi stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $13.48, for a total transaction of $613,016.48. Following the completion of the transaction, the executive vice president now directly owns 542,928 shares in the company, valued at $7,318,669.44. This trade represents a 7.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 255,476 shares of company stock worth $3,435,636. 6.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Everi

Institutional investors have recently modified their holdings of the business. Stifel Financial Corp increased its position in Everi by 12.2% during the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after purchasing an additional 1,423 shares in the last quarter. CWM LLC grew its stake in shares of Everi by 117.5% during the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after buying an additional 1,897 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Everi by 6.6% during the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock worth $550,000 after buying an additional 2,564 shares in the last quarter. Quarry LP lifted its stake in shares of Everi by 38.9% in the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after acquiring an additional 2,864 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Everi by 2,428.6% during the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock valued at $27,000 after acquiring an additional 3,060 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.