66,783 Shares in Everi Holdings Inc. (NYSE:EVRI) Purchased by Virtu Financial LLC

Virtu Financial LLC acquired a new position in Everi Holdings Inc. (NYSE:EVRI - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 66,783 shares of the credit services provider's stock, valued at approximately $878,000. Virtu Financial LLC owned about 0.08% of Everi at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. CWM LLC raised its holdings 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 buying an additional 1,897 shares during the period. Raymond James & Associates raised its holdings in shares of Everi by 260.7% during the second quarter. Raymond James & Associates now owns 241,175 shares of the credit services provider's stock valued at $2,026,000 after acquiring an additional 174,319 shares during the period. Vista Investment Partners LLC purchased a new stake in shares of Everi in the 2nd quarter valued at approximately $346,000. SummerHaven Investment Management LLC boosted its stake in Everi by 4.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 53,078 shares of the credit services provider's stock worth $446,000 after purchasing an additional 2,347 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Everi by 4.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 645,400 shares of the credit services provider's stock worth $5,421,000 after purchasing an additional 26,138 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Geoffrey P. Judge sold 16,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $13.37, for a total transaction of $213,920.00. Following the transaction, the director now owns 91,572 shares in the company, valued at $1,224,317.64. This represents a 14.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Darren Simmons sold 50,000 shares of the firm's 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 transaction, the executive vice president now owns 140,425 shares in the company, valued at $1,890,120.50. This represents a 26.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 255,476 shares of company stock worth $3,435,636 in the last ninety days. Corporate insiders own 6.40% of the company's stock.

Everi Price Performance

Everi stock remained flat at $13.46 during trading hours on Friday. 478,563 shares of the company's stock traded hands, compared to its average volume of 1,325,054. Everi Holdings Inc. has a 1 year low of $6.37 and a 1 year high of $13.50. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 89.77 and a beta of 2.07. The company's fifty day moving average is $13.36 and its two-hundred day moving average is $11.69.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Everi in a research report on Thursday. They issued a "hold" rating for the company. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, Everi currently has an average rating of "Hold" and an average target price of $12.88.

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.