Everi (NYSE:EVRI) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Everi (NYSE:EVRI) in a research report report published on Friday morning. The firm issued a hold rating on the credit services provider’s stock.

Everi Trading Down 0.1 %

EVRI opened at $13.49 on Friday. Everi has a twelve month low of $6.37 and a twelve month high of $13.53. The firm has a market cap of $1.16 billion, a PE ratio of 89.94 and a beta of 2.07. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. The firm’s fifty day moving average is $13.39 and its two-hundred day moving average is $11.98.

Insider Transactions at Everi

In other Everi news, EVP David Lucchese sold 45,476 shares of Everi 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 sale, the executive vice president now directly owns 542,928 shares in the company, valued at approximately $7,318,669.44. The trade was a 7.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Geoffrey P. Judge sold 4,000 shares of the stock in a transaction dated 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 owns 91,572 shares of the company’s stock, 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. Insiders sold 255,476 shares of company stock valued at $3,435,636 over the last three months. Company insiders own 6.40% of the company’s stock.

Institutional Trading of Everi

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in Everi by 2,428.6% in the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock valued at $27,000 after buying an additional 3,060 shares during the period. CWM LLC lifted 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 valued at $30,000 after purchasing an additional 1,897 shares during the last quarter. Huntington National Bank lifted its holdings in Everi by 1,296.2% during the 3rd 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 last quarter. Quarry LP lifted its holdings in Everi by 38.9% during the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after purchasing an additional 2,864 shares during the last quarter. Finally, Magnetar Financial LLC bought a new position in Everi during the second quarter worth $104,000. 95.47% of the stock is owned by institutional investors.

About Everi

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.