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

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

Everi Stock Down 0.0 %

EVRI stock opened at $13.58 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. Everi has a twelve month low of $6.37 and a twelve month high of $13.83. The company’s 50 day moving average is $13.66 and its two-hundred day moving average is $13.44. The stock has a market cap of $1.17 billion, a P/E ratio of 90.51 and a beta of 2.05.

Insider Activity

In related news, Director Geoffrey P. Judge sold 7,332 shares of Everi stock in a transaction on Monday, March 10th. The shares were sold at an average price of $13.73, for a total value of $100,668.36. Following the transaction, the director now directly owns 84,240 shares in the company, valued at $1,156,615.20. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Everi by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 4,857,966 shares of the credit services provider’s stock worth $65,631,000 after purchasing an additional 47,844 shares in the last quarter. Water Island Capital LLC boosted its position in shares of Everi by 14.5% during the 4th quarter. Water Island Capital LLC now owns 2,924,921 shares of the credit services provider’s stock worth $39,516,000 after purchasing an additional 370,704 shares in the last quarter. Glazer Capital LLC acquired a new position in shares of Everi during the 3rd quarter worth $33,507,000. Adage Capital Partners GP L.L.C. raised its stake in shares of Everi by 11.6% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,214,219 shares of the credit services provider’s stock worth $29,914,000 after buying an additional 229,477 shares during the last quarter. Finally, Alpine Associates Management Inc. acquired a new position in shares of Everi during the 3rd quarter worth $24,815,000. 95.47% of the stock is currently owned by hedge funds and other 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.