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

Investment analysts at StockNews.com initiated coverage on shares of Everi (NYSE:EVRI - Get Free Report) in a research report issued to clients and investors on Wednesday. The firm set a "hold" rating on the credit services provider's stock.

Everi Stock Up 0.1 %

Shares of NYSE EVRI traded up $0.01 during midday trading on Wednesday, hitting $13.47. The company's stock had a trading volume of 432,680 shares, compared to its average volume of 1,347,594. The business's fifty day simple moving average is $13.31 and its two-hundred day simple moving average is $11.39. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. Everi has a 1 year low of $6.37 and a 1 year high of $13.49. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 89.93 and a beta of 2.07.

Insider Activity

In other news, CFO Mark F. Labay sold 50,000 shares of the 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 sale, the chief financial officer now directly owns 142,426 shares in the company, valued at approximately $1,905,659.88. This represents a 25.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darren Simmons sold 75,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total value of $982,500.00. Following the completion of the sale, the executive vice president now owns 190,425 shares in the company, valued at approximately $2,494,567.50. This represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 141,000 shares of company stock valued at $1,865,420 in the last 90 days. 6.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Everi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vista Investment Partners LLC purchased a new stake in shares of Everi during the second quarter worth $346,000. Private Capital Management LLC raised its holdings in Everi by 19.8% during the first quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider's stock valued at $28,051,000 after buying an additional 461,939 shares in the last quarter. Quest Partners LLC raised its holdings in Everi by 756.2% during the second quarter. Quest Partners LLC now owns 73,920 shares of the credit services provider's stock valued at $621,000 after buying an additional 65,287 shares in the last quarter. Burgundy Asset Management Ltd. raised its holdings in Everi by 1,230.8% during the second quarter. Burgundy Asset Management Ltd. now owns 683,938 shares of the credit services provider's stock valued at $5,745,000 after buying an additional 632,544 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Everi during the third quarter valued at about $422,000. 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.