Birnam Oak Advisors LP Takes Position in Everi Holdings Inc. (NYSE:EVRI)

Birnam Oak Advisors LP bought a new stake in Everi Holdings Inc. (NYSE:EVRI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 68,000 shares of the credit services provider's stock, valued at approximately $919,000. Everi makes up approximately 0.4% of Birnam Oak Advisors LP's portfolio, making the stock its 23rd largest position. Birnam Oak Advisors LP owned about 0.08% of Everi at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Huntington National Bank increased its stake 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 worth $77,000 after purchasing an additional 5,470 shares during the last quarter. Alpine Associates Management Inc. bought a new stake in shares of Everi in the third quarter valued at $24,815,000. King Luther Capital Management Corp lifted its position in shares of Everi by 41.9% during the 3rd quarter. King Luther Capital Management Corp now owns 390,796 shares of the credit services provider's stock valued at $5,135,000 after buying an additional 115,485 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Everi during the 3rd quarter worth $232,000. Finally, Walleye Capital LLC purchased a new stake in Everi in the 3rd quarter worth about $255,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Everi news, Director Geoffrey P. Judge sold 7,332 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $13.73, for a total value of $100,668.36. Following the transaction, the director now directly owns 84,240 shares in the company, valued at $1,156,615.20. This represents a 8.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.40% of the stock is currently owned by insiders.

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Everi Stock Performance

Shares of NYSE:EVRI traded up $0.01 during midday trading on Friday, reaching $13.68. 2,242,278 shares of the company traded hands, compared to its average volume of 1,186,944. The firm's fifty day moving average price is $13.67 and its two-hundred day moving average price is $13.44. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 91.17 and a beta of 2.05. 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 Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $14.55.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Everi in a research report on Tuesday. They set a "hold" rating for the company. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $12.83.

Everi 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.