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

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

Everi Price Performance

Shares of EVRI opened at $13.80 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. The stock has a market cap of $1.19 billion, a P/E ratio of 91.97 and a beta of 2.05. The stock’s 50-day moving average price is $13.60 and its two-hundred day moving average price is $13.35. Everi has a 1 year low of $6.37 and a 1 year high of $13.83.

Insider Buying and Selling at Everi

In other Everi news, CFO Mark F. Labay sold 50,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $13.38, for a total value 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 $1,905,659.88. This represents a 25.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linster W. Fox sold 40,000 shares of the firm’s stock in a transaction dated 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. Over the last 90 days, insiders sold 239,476 shares of company stock valued at $3,221,716. Corporate insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Creative Planning lifted its position in Everi by 11.9% during the 3rd quarter. Creative Planning now owns 72,769 shares of the credit services provider’s stock worth $956,000 after buying an additional 7,728 shares in the last quarter. Helikon Investments Ltd acquired a new stake in shares of Everi in the third quarter valued at about $220,000. Olympiad Research LP bought a new stake in Everi during the third quarter worth about $1,500,000. Wolverine Asset Management LLC acquired a new position in Everi during the third quarter valued at approximately $2,113,000. Finally, Huntington National Bank grew its stake in Everi by 1,296.2% in 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. 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.