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

Equities research analysts at StockNews.com started coverage on shares of Everi (NYSE:EVRI - Get Free Report) in a note issued to investors on Thursday. The brokerage set a "hold" rating on the credit services provider's stock.

Everi Trading Down 0.2 %

NYSE EVRI traded down $0.03 during mid-day trading on Thursday, reaching $13.68. 226,957 shares of the stock were exchanged, compared to its average volume of 474,800. The stock has a market capitalization of $1.18 billion, a PE ratio of 91.21 and a beta of 2.05. 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 1-year low of $6.37 and a 1-year high of $13.72. The business's fifty day simple moving average is $13.54 and its 200 day simple moving average is $13.21.

Insider Activity

In other news, Director Geoffrey P. Judge sold 4,000 shares of the business's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $13.50, for a total transaction of $54,000.00. Following the completion of the sale, the director now directly owns 91,572 shares of the company's stock, valued at $1,236,222. The trade was a 4.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Darren Simmons sold 50,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $13.46, for a total value of $673,000.00. Following the completion of the transaction, the executive vice president now directly owns 140,425 shares in the company, valued at $1,890,120.50. This trade represents a 26.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 255,476 shares of company stock valued at $3,435,636 over the last quarter. Company insiders own 6.40% of the company's stock.

Institutional Trading of Everi

Institutional investors and hedge funds have recently bought and sold shares of the business. Huntington National Bank lifted its stake in shares of Everi by 1,296.2% during 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 in the last quarter. AlphaQuest LLC lifted its position in Everi by 97.8% during the 4th quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider's stock worth $128,000 after acquiring an additional 4,671 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Everi in the 4th quarter worth approximately $151,000. Stifel Financial Corp grew its position in Everi by 12.2% in the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider's stock valued at $172,000 after acquiring an additional 1,423 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Everi during the fourth quarter valued at approximately $175,000. Institutional investors and hedge funds own 95.47% of the company's stock.

About Everi

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.