StockNews.com Initiates Coverage on Everi (NYSE:EVRI)

Equities research analysts at StockNews.com began coverage on shares of Everi (NYSE:EVRI) in a research note issued on Thursday. The brokerage set a “hold” rating on the credit services provider’s stock.

Everi Stock Performance

NYSE EVRI opened at $13.47 on Thursday. The stock has a market cap of $1.16 billion, a P/E ratio of 89.77 and a beta of 2.07. The company’s fifty day simple moving average is $13.36 and its 200-day simple moving average is $11.69. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. Everi has a 52 week low of $6.37 and a 52 week high of $13.50.

Insider Buying and Selling at Everi

In other Everi news, 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 transaction, the executive vice president now directly owns 140,425 shares in the company, valued at $1,890,120.50. This represents a 26.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP David Lucchese sold 45,476 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $13.48, for a total transaction of $613,016.48. Following the completion of the sale, the executive vice president now directly owns 542,928 shares of the company’s stock, valued at $7,318,669.44. The trade was a 7.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 255,476 shares of company stock valued at $3,435,636 in the last ninety days. Insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

Several large investors have recently modified their holdings of the stock. CWM LLC lifted its stake in Everi by 117.5% during the second 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. Raymond James & Associates lifted its position in shares of Everi by 260.7% in the 2nd quarter. Raymond James & Associates now owns 241,175 shares of the credit services provider’s stock worth $2,026,000 after buying an additional 174,319 shares during the last quarter. Vista Investment Partners LLC acquired a new position in shares of Everi in the 2nd quarter valued at about $346,000. SummerHaven Investment Management LLC grew its position in shares of Everi by 4.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 53,078 shares of the credit services provider’s stock valued at $446,000 after buying an additional 2,347 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of 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 valued at $5,421,000 after buying an additional 26,138 shares during the last quarter. Institutional investors 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.