Everi Holdings Inc. (NYSE:EVRI) EVP Sells $673,000.00 in Stock

Everi Holdings Inc. (NYSE:EVRI) EVP Darren Simmons sold 50,000 shares of the firm’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 transaction of $673,000.00. Following the completion of the sale, the executive vice president now owns 140,425 shares in the company, valued at approximately $1,890,120.50. The trade was a 26.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Everi Stock Performance

Shares of EVRI stock opened at $13.46 on Friday. The stock has a market capitalization of $1.16 billion, a PE ratio of 89.74 and a beta of 2.07. The business’s 50 day simple moving average is $13.36 and its 200 day simple moving average is $11.64. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. Everi Holdings Inc. has a one year low of $6.37 and a one year high of $13.50.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Everi in a research report on Thursday. They set a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $12.88.

Institutional Investors Weigh In On Everi

A number of institutional investors have recently modified their holdings of EVRI. Glazer Capital LLC bought a new position in Everi during the third quarter worth $33,507,000. Alpine Associates Management Inc. acquired a new position in shares of Everi in the 3rd quarter valued at about $24,815,000. Clearbridge Investments LLC boosted its position in shares of Everi by 85.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock valued at $23,400,000 after purchasing an additional 1,282,682 shares in the last quarter. Westchester Capital Management LLC bought a new stake in Everi in the third quarter worth approximately $16,662,000. Finally, Sand Grove Capital Management LLP acquired a new position in Everi in the third quarter valued at approximately $15,806,000. 95.47% of the stock is owned by institutional investors.

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.