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

Research analysts at StockNews.com began coverage on shares of Everi (NYSE:EVRI) in a research report issued on Sunday. The brokerage set a “hold” rating on the credit services provider’s stock.

Everi Stock Performance

NYSE EVRI opened at $13.53 on Friday. Everi has a fifty-two week low of $6.37 and a fifty-two week high of $13.55. The firm has a market capitalization of $1.17 billion, a P/E ratio of 90.21 and a beta of 2.07. The stock’s fifty day moving average is $13.43 and its two-hundred day moving average is $12.33. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06.

Insider Activity at Everi

In other Everi news, Chairman Michael D. Rumbolz sold 50,000 shares of the company’s stock in a transaction dated 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 $13,901,875.14. This represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Geoffrey P. Judge sold 4,000 shares of Everi stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $13.50, for a total transaction of $54,000.00. Following the sale, the director now owns 91,572 shares of the company’s stock, valued at approximately $1,236,222. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 255,476 shares of company stock valued at $3,435,636. 6.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Everi

Several large investors have recently made changes to their positions in EVRI. Huntington National Bank lifted its stake in Everi by 1,296.2% during the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock worth $77,000 after acquiring an additional 5,470 shares in the last quarter. Quarry LP increased its stake in Everi by 38.9% during the second 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 during the period. Magnetar Financial LLC acquired a new stake in shares of Everi during the second quarter worth about $104,000. Stifel Financial Corp boosted its stake in shares of Everi by 12.2% in the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock valued at $172,000 after purchasing an additional 1,423 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of Everi in the second quarter valued at approximately $118,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.