Everi (NYSE:EVRI) Earns Hold Rating from Analysts at StockNews.com

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

Everi Trading Up 0.2 %

NYSE EVRI opened at $13.64 on Tuesday. Everi has a 12-month low of $6.37 and a 12-month high of $13.65. The company has a fifty day simple moving average of $13.49 and a two-hundred day simple moving average of $12.83. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. The stock has a market cap of $1.18 billion, a P/E ratio of 90.91 and a beta of 2.06.

Insider Buying and Selling 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 value of $54,000.00. Following the sale, the director now directly owns 91,572 shares of the company’s stock, valued at approximately $1,236,222. This represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Michael D. Rumbolz sold 50,000 shares of Everi stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $13.47, for a total value of $673,500.00. Following the transaction, the chairman now owns 1,032,062 shares of the company’s stock, valued at $13,901,875.14. The trade was a 4.62 % decrease in their position. 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. 6.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Huntington National Bank lifted its position in shares of 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 buying an additional 5,470 shares in the last quarter. Quarry LP raised its position in Everi by 38.9% during the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after acquiring an additional 2,864 shares during the period. Magnetar Financial LLC purchased a new position in Everi during the second quarter valued at $104,000. Stifel Financial Corp grew its position in shares of Everi by 12.2% in the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock valued at $172,000 after purchasing an additional 1,423 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Everi during the fourth quarter worth about $175,000. 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.