Wolverine Asset Management LLC Makes New Investment in Everi Holdings Inc. (NYSE:EVRI)

Wolverine Asset Management LLC purchased a new stake in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 160,788 shares of the credit services provider's stock, valued at approximately $2,113,000. Wolverine Asset Management LLC owned approximately 0.19% of Everi at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Signaturefd LLC increased its stake in shares of Everi by 2,428.6% during the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider's stock worth $27,000 after purchasing an additional 3,060 shares during the period. CWM LLC increased its stake in Everi by 117.5% in the second quarter. CWM LLC now owns 3,512 shares of the credit services provider's stock valued at $30,000 after acquiring an additional 1,897 shares during the last quarter. Quarry LP boosted its holdings in shares of Everi by 38.9% during the second quarter. Quarry LP now owns 10,230 shares of the credit services provider's stock worth $86,000 after purchasing an additional 2,864 shares during the period. Magnetar Financial LLC bought a new position in shares of Everi during the second quarter valued at approximately $104,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Everi during the second quarter valued at approximately $118,000. Institutional investors own 95.47% of the company's stock.

Insider Transactions at Everi

In other Everi news, EVP Darren Simmons sold 75,000 shares of the firm's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total transaction of $982,500.00. Following the transaction, the executive vice president now owns 190,425 shares of the company's stock, valued at approximately $2,494,567.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 6.40% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Stifel Nicolaus reiterated a "hold" rating and set a $14.25 price target (up from $11.00) on shares of Everi in a report on Wednesday, July 31st. Truist Financial lowered their target price on shares of Everi from $11.00 to $10.00 and set a "hold" rating for the company in a report on Thursday, July 18th. B. Riley raised their price target on shares of Everi from $11.00 to $14.25 and gave the stock a "neutral" rating in a research note on Monday, August 5th. StockNews.com started coverage on shares of Everi in a research note on Sunday. They issued a "hold" rating for the company. Finally, Raymond James restated a "market perform" rating on shares of Everi in a report on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $12.88.

Everi Price Performance

Shares of NYSE EVRI traded up $0.01 during mid-day trading on Tuesday, reaching $13.35. 361,916 shares of the company were exchanged, compared to its average volume of 1,404,560. The stock has a market capitalization of $1.15 billion, a PE ratio of 28.40 and a beta of 2.13. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 3.94. The company's 50 day moving average price is $13.21 and its 200 day moving average price is $10.77. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $13.45.

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.