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

StockNews.com assumed coverage on shares of Everi (NYSE:EVRI) in a research report sent to investors on Wednesday. The brokerage issued a hold rating on the credit services provider’s stock.

Everi Stock Performance

Shares of NYSE EVRI opened at $13.64 on Wednesday. Everi has a one year low of $6.37 and a one year high of $13.65. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 90.94 and a beta of 2.06. The stock’s fifty day moving average price is $13.52 and its two-hundred day moving average price is $13.03.

Insider Buying and Selling at Everi

In other news, CFO Mark F. Labay sold 50,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $13.38, for a total transaction of $669,000.00. Following the completion of the sale, the chief financial officer now directly owns 142,426 shares in the company, valued at approximately $1,905,659.88. This represents a 25.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Linster W. Fox sold 40,000 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $13.48, for a total value of $539,200.00. The disclosure for this sale can be found here. Insiders sold 255,476 shares of company stock valued at $3,435,636 in the last quarter. Company insiders own 6.40% of the company’s stock.

Institutional Trading of Everi

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Huntington National Bank raised its position in Everi by 1,296.2% during the third 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 in the last quarter. Quarry LP raised its holdings in shares of Everi by 38.9% during the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after buying an additional 2,864 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Everi by 12.2% during the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after buying an additional 1,423 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Everi in the fourth quarter valued at about $175,000. Finally, GAM Holding AG bought a new position in Everi in the third quarter valued at about $197,000. Institutional investors own 95.47% of the company’s stock.

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.