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

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

Everi Stock Down 0.1 %

Shares of Everi stock traded down $0.01 during trading on Friday, hitting $13.49. 1,100,633 shares of the stock were exchanged, compared to its average volume of 1,312,673. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. The firm's 50-day moving average price is $13.39 and its 200 day moving average price is $11.87. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 89.94 and a beta of 2.07. Everi has a 12-month low of $6.37 and a 12-month high of $13.53.

Insider Activity

In other news, EVP David Lucchese sold 45,476 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $13.48, for a total value of $613,016.48. Following the completion of the transaction, the executive vice president now owns 542,928 shares in the company, valued at approximately $7,318,669.44. This represents a 7.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Darren Simmons sold 50,000 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $13.46, for a total transaction 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. In the last 90 days, insiders have sold 255,476 shares of company stock worth $3,435,636. 6.40% of the stock is currently owned by insiders.

Institutional Trading of Everi

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Signaturefd LLC increased its holdings in shares of Everi by 2,428.6% in the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider's stock valued at $27,000 after acquiring an additional 3,060 shares during the period. CWM LLC grew its position in Everi by 117.5% during the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider's stock worth $30,000 after purchasing an additional 1,897 shares during the last quarter. Huntington National Bank increased 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 purchasing an additional 5,470 shares during the period. Quarry LP raised its holdings in shares of Everi by 38.9% in the second quarter. Quarry LP now owns 10,230 shares of the credit services provider's stock valued at $86,000 after buying an additional 2,864 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of Everi during the second quarter worth about $104,000. Institutional investors and hedge funds own 95.47% of the company's stock.

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.