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

StockNews.com assumed coverage on shares of Everi (NYSE:EVRI - Free Report) in a research note published on Sunday. The brokerage issued a hold rating on the credit services provider's stock.

Everi Trading Up 0.1 %

Everi stock traded up $0.01 during mid-day trading on Friday, hitting $13.53. 987,308 shares of the stock were exchanged, compared to its average volume of 519,685. The firm's fifty day simple moving average is $13.43 and its two-hundred day simple moving average is $12.36. 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 has a 12 month low of $6.37 and a 12 month high of $13.55. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 90.21 and a beta of 2.07.

Insider Buying and Selling at Everi

In other news, EVP Darren Simmons sold 50,000 shares of Everi stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $13.46, for a total value of $673,000.00. Following the completion of the sale, the executive vice president now owns 140,425 shares in the company, valued at $1,890,120.50. The trade was a 26.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Geoffrey P. Judge sold 4,000 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $13.50, for a total transaction of $54,000.00. Following 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. Over the last quarter, insiders have sold 255,476 shares of company stock valued at $3,435,636. 6.40% of the stock is currently owned by insiders.

Institutional Trading of Everi

Several large investors have recently made changes to their positions in the company. Franklin Resources Inc. raised its holdings in Everi by 6.6% during the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider's stock worth $550,000 after buying an additional 2,564 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Everi during the third quarter worth about $878,000. Geode Capital Management LLC raised its holdings in shares of Everi by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider's stock worth $24,450,000 after acquiring an additional 27,670 shares during the last quarter. MML Investors Services LLC bought a new position in Everi in the 3rd quarter valued at about $223,000. Finally, Jane Street Group LLC boosted its stake in Everi by 86.7% during the 3rd quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider's stock valued at $2,141,000 after purchasing an additional 75,655 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.