Equities researchers at StockNews.com began coverage on shares of Everi (NYSE:EVRI - Get Free Report) in a report released on Tuesday. The firm set a "hold" rating on the credit services provider's stock.
Everi Stock Up 0.0 %
Everi stock traded up $0.01 during mid-day trading on Tuesday, reaching $13.68. The company's stock had a trading volume of 979,607 shares, compared to its average volume of 1,182,559. The business's 50 day simple moving average is $13.67 and its 200 day simple moving average is $13.44. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. Everi has a 12 month low of $6.37 and a 12 month high of $14.55. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 91.17 and a beta of 2.05.
Insider Activity at Everi
In other Everi news, Director Geoffrey P. Judge sold 7,332 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $13.73, for a total value of $100,668.36. Following the completion of the sale, the director now owns 84,240 shares in the company, valued at $1,156,615.20. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 6.40% of the company's stock.
Institutional Investors Weigh In On Everi
Hedge funds have recently bought and sold shares of the company. Huntington National Bank raised its stake 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 valued at $77,000 after buying an additional 5,470 shares during the period. Alpine Associates Management Inc. acquired a new position in shares of Everi during the 3rd quarter worth approximately $24,815,000. King Luther Capital Management Corp raised its stake in Everi by 41.9% in 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 acquiring an additional 115,485 shares during the period. Intech Investment Management LLC acquired a new stake in Everi during the 3rd quarter valued at $232,000. Finally, Walleye Capital LLC acquired a new position in shares of Everi in the third quarter valued at $255,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.
About Everi
(
Get Free Report)
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.
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