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

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

Everi Price Performance

EVRI opened at $13.70 on Thursday. The stock has a fifty day moving average price of $13.53 and a 200 day moving average price of $13.17. 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 1 year low of $6.37 and a 1 year high of $13.70. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 91.31 and a beta of 2.05.

Insider Activity at Everi

In other Everi news, EVP Darren Simmons sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $13.46, for a total value of $673,000.00. Following the completion of the sale, the executive vice president now directly owns 140,425 shares of the company’s stock, valued at $1,890,120.50. The trade was a 26.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Geoffrey P. Judge sold 16,000 shares of the firm’s 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 disclosure for this sale can be found here. In the last quarter, insiders sold 255,476 shares of company stock valued at $3,435,636. 6.40% of the stock is owned by corporate insiders.

Institutional Trading of Everi

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Proficio Capital Partners LLC bought a new position in shares of Everi in the 4th quarter valued at approximately $151,000. Olympiad Research LP grew its holdings in Everi by 8.9% during the fourth quarter. Olympiad Research LP now owns 124,263 shares of the credit services provider’s stock valued at $1,679,000 after purchasing an additional 10,108 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Everi by 14.8% in the fourth quarter. SG Americas Securities LLC now owns 36,908 shares of the credit services provider’s stock valued at $499,000 after purchasing an additional 4,772 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Everi in the fourth quarter worth $175,000. Finally, Nordea Investment Management AB boosted its holdings in shares of Everi by 1.2% during the 4th quarter. Nordea Investment Management AB now owns 295,960 shares of the credit services provider’s stock worth $3,995,000 after buying an additional 3,573 shares during the period. 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.