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

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

Everi Trading Down 0.2 %

EVRI stock opened at $13.49 on Friday. Everi has a twelve month low of $6.37 and a twelve month high of $13.53. The stock has a market capitalization of $1.16 billion, a price-to-earnings 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. The firm’s fifty day simple moving average is $13.41 and its two-hundred day simple moving average is $12.12.

Insider Buying and Selling

In other news, EVP David Lucchese sold 45,476 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 542,928 shares of the company’s stock, valued at approximately $7,318,669.44. The trade was a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark F. Labay sold 50,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $13.38, for a total transaction of $669,000.00. Following the completion of the transaction, the chief financial officer now directly owns 142,426 shares in the company, valued at $1,905,659.88. This represents a 25.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 255,476 shares of company stock valued at $3,435,636 in the last ninety days. 6.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Everi

Several large investors have recently added to or reduced their stakes in EVRI. Signaturefd LLC raised its stake in shares of Everi by 2,428.6% during the second 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. Huntington National Bank increased its holdings 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 purchasing an additional 5,470 shares during the period. Quarry LP raised its position in Everi by 38.9% during the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after purchasing an additional 2,864 shares in the last quarter. Magnetar Financial LLC purchased a new stake in shares of Everi in the 2nd quarter worth $104,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Everi during the 2nd quarter worth $118,000. 95.47% of the stock is 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.