Everi (NYSE:EVRI) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Everi (NYSE:EVRI) in a research report released on Wednesday morning. The brokerage issued a hold rating on the credit services provider’s stock.

Everi Price Performance

Shares of EVRI stock opened at $13.61 on Wednesday. Everi has a 1 year low of $6.37 and a 1 year high of $13.65. The firm’s 50 day moving average is $13.51 and its 200-day moving average is $12.99. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 90.71 and a beta of 2.06. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84.

Insider Transactions at Everi

In related news, Chairman Michael D. Rumbolz sold 50,000 shares of the stock in a transaction that occurred on 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 directly owns 1,032,062 shares in the company, valued at $13,901,875.14. This represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Geoffrey P. Judge sold 16,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $13.37, for a total transaction of $213,920.00. Following the completion of the transaction, the director now owns 91,572 shares in the company, valued at $1,224,317.64. This represents a 14.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, 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

Several large investors have recently bought and sold shares of the business. Huntington National Bank raised its holdings in Everi by 1,296.2% in the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock worth $77,000 after purchasing an additional 5,470 shares during the period. Quarry LP raised its holdings in Everi by 38.9% in the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after purchasing an additional 2,864 shares during the period. Stifel Financial Corp raised its holdings in Everi by 12.2% in the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after purchasing an additional 1,423 shares during the period. FNY Investment Advisers LLC acquired a new stake in Everi in the fourth quarter worth $175,000. Finally, GAM Holding AG acquired a new stake in Everi in the third quarter worth $197,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.