Orvieto Partners L.P. Buys Shares of 235,000 Everi Holdings Inc. (NYSE:EVRI)

Orvieto Partners L.P. purchased a new position in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 235,000 shares of the credit services provider's stock, valued at approximately $3,175,000. Everi makes up approximately 2.7% of Orvieto Partners L.P.'s portfolio, making the stock its 15th biggest position. Orvieto Partners L.P. owned about 0.27% of Everi as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vestcor Inc bought a new position in shares of Everi in the fourth quarter valued at approximately $28,000. AlphaQuest LLC grew its stake in Everi by 97.8% in the 4th quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider's stock valued at $128,000 after buying an additional 4,671 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Everi in the 4th quarter worth $151,000. Stifel Financial Corp boosted its position in shares of 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 during the period. Finally, FNY Investment Advisers LLC acquired a new stake in Everi during the fourth quarter worth about $175,000. 95.47% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Geoffrey P. Judge sold 7,332 shares of Everi stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $13.73, for a total transaction of $100,668.36. Following the completion of the transaction, the director now owns 84,240 shares in the company, valued at approximately $1,156,615.20. This trade represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Todd A. Valli sold 30,000 shares of the firm's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $13.75, for a total value of $412,500.00. Following the sale, the chief accounting officer now directly owns 57,413 shares of the company's stock, valued at $789,428.75. This represents a 34.32 % decrease in their position. The disclosure for this sale can be found here. 6.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Everi from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Everi presently has an average rating of "Hold" and an average price target of $12.83.

Everi Stock Up 0.3 %

Shares of Everi stock opened at $13.79 on Thursday. The firm has a market cap of $1.19 billion, a PE ratio of 91.94 and a beta of 1.57. The business's 50 day simple moving average is $13.66 and its 200 day simple moving average is $13.53. 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 Holdings Inc. has a 52-week low of $6.37 and a 52-week high of $13.83.

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.

Want to see what other hedge funds are holding EVRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Everi Holdings Inc. (NYSE:EVRI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.