Everi (NYSE:EVRI) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Everi (NYSE:EVRI) in a research note issued to investors on Monday morning. The brokerage issued a hold rating on the credit services provider’s stock.

Everi Trading Down 0.8 %

Shares of Everi stock opened at $13.58 on Monday. The firm has a market capitalization of $1.17 billion, a PE ratio of 90.51 and a beta of 2.05. 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 firm’s 50 day moving average is $13.66 and its 200 day moving average is $13.42. Everi has a 1 year low of $6.37 and a 1 year high of $13.83.

Insider Activity at Everi

In related news, Director Geoffrey P. Judge sold 7,332 shares of Everi stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $13.73, for a total transaction of $100,668.36. Following the sale, the director now directly owns 84,240 shares of the company’s stock, valued at approximately $1,156,615.20. The trade was a 8.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Everi

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Everi by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 4,857,966 shares of the credit services provider’s stock worth $65,631,000 after buying an additional 47,844 shares during the period. Water Island Capital LLC boosted its position in Everi by 14.5% during the 4th quarter. Water Island Capital LLC now owns 2,924,921 shares of the credit services provider’s stock worth $39,516,000 after buying an additional 370,704 shares during the period. Glazer Capital LLC acquired a new stake in Everi during the 3rd quarter worth approximately $33,507,000. Adage Capital Partners GP L.L.C. boosted its position in Everi by 11.6% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,214,219 shares of the credit services provider’s stock worth $29,914,000 after buying an additional 229,477 shares during the period. Finally, Alpine Associates Management Inc. acquired a new stake in Everi during the 3rd quarter worth approximately $24,815,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.