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

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

Everi Trading Down 0.0 %

Shares of Everi stock opened at $13.80 on Friday. Everi has a 1 year low of $6.37 and a 1 year high of $13.83. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 91.97 and a beta of 2.05. The business has a fifty day simple moving average of $13.60 and a two-hundred day simple moving average of $13.35. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97.

Insider Buying and Selling

In related news, CFO Mark F. Labay sold 50,000 shares of Everi stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $13.38, for a total transaction of $669,000.00. Following the completion of the sale, the chief financial officer now directly owns 142,426 shares of the company’s stock, valued at approximately $1,905,659.88. This trade represents a 25.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 completion of the transaction, the director now directly 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 239,476 shares of company stock valued at $3,221,716. Company insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

A number of hedge funds have recently bought and sold shares of the business. Vestcor Inc bought a new stake in Everi in the 4th quarter valued at about $28,000. Huntington National Bank boosted its stake in shares of Everi by 1,296.2% in the third 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 during the period. AlphaQuest LLC grew its position in Everi by 97.8% during the fourth quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider’s stock worth $128,000 after buying an additional 4,671 shares in the last quarter. EP Wealth Advisors LLC bought a new position in Everi during the 4th quarter worth $143,000. Finally, Proficio Capital Partners LLC acquired a new position in Everi in the 4th quarter valued at $151,000. 95.47% of the stock is owned by 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.