Everi (NYSE:EVRI) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Everi (NYSE:EVRI) in a research note released on Saturday morning. The brokerage issued a hold rating on the credit services provider’s stock.

Everi Stock Performance

Shares of NYSE EVRI opened at $13.49 on Friday. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. Everi has a 1 year low of $6.37 and a 1 year high of $13.53. The firm has a fifty day moving average price of $13.41 and a 200-day moving average price of $12.12. The stock has a market cap of $1.16 billion, a PE ratio of 89.94 and a beta of 2.07.

Insider Buying and Selling at Everi

In other news, Chairman Michael D. Rumbolz sold 50,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $13.47, for a total value of $673,500.00. Following the transaction, the chairman now owns 1,032,062 shares of the company’s stock, valued at approximately $13,901,875.14. The trade was a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Geoffrey P. Judge sold 4,000 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $13.50, for a total transaction of $54,000.00. Following the transaction, the director now directly owns 91,572 shares of the company’s stock, valued at $1,236,222. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 255,476 shares of company stock valued at $3,435,636 over the last ninety days. 6.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Everi

Several large investors have recently made changes to their positions in EVRI. Glazer Capital LLC bought a new stake in Everi in the third quarter worth $33,507,000. Alpine Associates Management Inc. purchased a new position in shares of Everi in the 3rd quarter worth $24,815,000. Clearbridge Investments LLC increased its holdings in shares of Everi by 85.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock worth $23,400,000 after buying an additional 1,282,682 shares during the last quarter. Westchester Capital Management LLC purchased a new stake in shares of Everi during the 3rd quarter valued at about $16,662,000. Finally, Sand Grove Capital Management LLP bought a new position in shares of Everi in the 3rd quarter valued at about $15,806,000. 95.47% of the stock is owned by institutional investors.

About Everi

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.