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

StockNews.com began coverage on shares of Everi (NYSE:EVRI) in a report published on Monday. The brokerage issued a hold rating on the credit services provider’s stock.

Everi Stock Performance

Shares of EVRI stock opened at $13.59 on Monday. Everi has a 52-week low of $6.37 and a 52-week high of $13.65. 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 stock has a market cap of $1.17 billion, a PE ratio of 90.61 and a beta of 2.06. The business has a 50-day simple moving average of $13.47 and a 200-day simple moving average of $12.64.

Insiders Place Their Bets

In other Everi news, Director Geoffrey P. Judge sold 16,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $13.37, for a total value of $213,920.00. Following the completion of the transaction, the director now owns 91,572 shares in the company, valued at approximately $1,224,317.64. This represents a 14.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mark F. Labay sold 50,000 shares of the 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 sale, the chief financial officer now directly owns 142,426 shares in the company, valued at approximately $1,905,659.88. The trade was a 25.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 255,476 shares of company stock worth $3,435,636. Corporate insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

A number of large investors have recently bought and sold shares of EVRI. FNY Investment Advisers LLC acquired a new stake in Everi in the fourth quarter valued at approximately $175,000. Nordea Investment Management AB grew its stake in Everi by 1.2% in the 4th quarter. Nordea Investment Management AB now owns 295,960 shares of the credit services provider’s stock valued at $3,995,000 after acquiring an additional 3,573 shares during the period. Franklin Resources Inc. increased its holdings in Everi by 6.6% in the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock worth $550,000 after acquiring an additional 2,564 shares in the last quarter. Virtu Financial LLC acquired a new position in Everi during the third quarter worth $878,000. Finally, Geode Capital Management LLC lifted its holdings in Everi by 1.5% during 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 in the last quarter. Institutional investors and hedge funds 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.