StockNews.com Begins Coverage on Everi (NYSE:EVRI)

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

Everi Stock Down 0.2 %

Everi stock opened at $13.68 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. Everi has a 12-month low of $6.37 and a 12-month high of $13.72. The firm’s fifty day moving average is $13.54 and its 200 day moving average is $13.17. The company has a market capitalization of $1.18 billion, a PE ratio of 91.21 and a beta of 2.05.

Insider Activity at Everi

In other Everi news, Director Geoffrey P. Judge sold 4,000 shares of the company’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 owns 91,572 shares in the company, valued at approximately $1,236,222. This represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Michael D. Rumbolz sold 50,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $13.47, for a total transaction of $673,500.00. Following the transaction, the chairman now owns 1,032,062 shares in the company, valued at approximately $13,901,875.14. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 255,476 shares of company stock worth $3,435,636 in the last quarter. Company insiders own 6.40% of the company’s stock.

Institutional Trading of Everi

Several institutional investors and hedge funds have recently made changes to their positions in the company. Glazer Capital LLC purchased a new stake in shares of Everi in the third quarter valued at about $33,507,000. Alpine Associates Management Inc. purchased a new stake in shares of Everi in the third quarter valued at about $24,815,000. Geode Capital Management LLC raised its holdings in shares of Everi by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider’s stock valued at $24,450,000 after purchasing an additional 27,670 shares during the last quarter. Westchester Capital Management LLC purchased a new stake in shares of Everi in the third quarter valued at about $16,662,000. Finally, Sand Grove Capital Management LLP bought a new position in Everi during the third quarter valued at about $15,806,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.