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

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

Everi Price Performance

NYSE:EVRI opened at $13.48 on Friday. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 89.87 and a beta of 2.07. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. The business has a 50 day simple moving average of $13.41 and a 200-day simple moving average of $12.17. Everi has a 1 year low of $6.37 and a 1 year high of $13.53.

Insiders Place Their Bets

In related news, Director Geoffrey P. Judge sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $13.37, for a total transaction of $213,920.00. Following the completion of the sale, the director now directly owns 91,572 shares of the company’s stock, valued at approximately $1,224,317.64. This trade represents a 14.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $613,016.48. Following the transaction, the executive vice president now 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 position. The disclosure for this sale can be found here. Insiders sold 255,476 shares of company stock valued at $3,435,636 over the last three months. 6.40% of the stock is owned by company insiders.

Institutional Trading of Everi

A number of large investors have recently made changes to their positions 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 raised its position 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 valued at $77,000 after purchasing an additional 5,470 shares in the last quarter. Quarry LP lifted its holdings 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 worth $86,000 after buying an additional 2,864 shares during the period. 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.