StockNews.com Begins Coverage on Everi (NYSE:EVRI)

Equities researchers at StockNews.com began coverage on shares of Everi (NYSE:EVRI) in a research note issued on Friday. The brokerage set a “hold” rating on the credit services provider’s stock.

Everi Trading Up 0.2 %

Shares of EVRI opened at $13.50 on Friday. The stock has a market cap of $1.16 billion, a PE ratio of 90.01 and a beta of 2.07. The stock has a 50 day simple moving average of $13.38 and a 200-day simple moving average of $11.86. Everi has a 1 year low of $6.37 and a 1 year high of $13.52. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84.

Insider Buying and Selling at Everi

In other Everi news, CFO Mark F. Labay sold 50,000 shares of Everi stock in a transaction on Monday, November 25th. The shares were 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 owns 142,426 shares of the company’s stock, valued at approximately $1,905,659.88. The trade was a 25.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Geoffrey P. Judge sold 4,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $13.50, for a total value of $54,000.00. Following the transaction, the director now owns 91,572 shares in the company, valued at approximately $1,236,222. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 255,476 shares of company stock worth $3,435,636. 6.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Everi

Large investors have recently bought and sold shares of the business. Signaturefd LLC lifted its position in Everi by 2,428.6% during the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after buying an additional 3,060 shares in the last quarter. CWM LLC boosted its holdings in shares of Everi by 117.5% during the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 1,897 shares during the period. Huntington National Bank grew its holdings in Everi by 1,296.2% in the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock valued at $77,000 after buying an additional 5,470 shares in the last quarter. Quarry LP grew its stake in shares of Everi by 38.9% in the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after acquiring an additional 2,864 shares in the last quarter. Finally, Magnetar Financial LLC bought a new position in shares of Everi during the second quarter worth approximately $104,000. 95.47% of the stock is owned by institutional investors.

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.