Franklin Resources Inc. Grows Holdings in Everi Holdings Inc. (NYSE:EVRI)

Franklin Resources Inc. grew its stake in shares of Everi Holdings Inc. (NYSE:EVRI) by 6.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,542 shares of the credit services provider’s stock after purchasing an additional 2,564 shares during the quarter. Franklin Resources Inc.’s holdings in Everi were worth $550,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Signaturefd LLC grew its stake in Everi by 2,428.6% in the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 3,060 shares in the last quarter. Huntington National Bank boosted its holdings in shares of 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 during the period. Quarry LP grew its stake in Everi by 38.9% in the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after purchasing an additional 2,864 shares in the last quarter. Magnetar Financial LLC purchased a new position in Everi during the 2nd quarter worth $104,000. Finally, Stifel Financial Corp raised its position in Everi by 12.2% during the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock valued at $172,000 after purchasing an additional 1,423 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

Everi Trading Down 0.1 %

Shares of NYSE:EVRI opened at $13.48 on Tuesday. 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 company has a market capitalization of $1.16 billion, a PE ratio of 89.87 and a beta of 2.07. Everi Holdings Inc. has a 12-month low of $6.37 and a 12-month high of $13.53. The business’s fifty day simple moving average is $13.41 and its 200-day simple moving average is $12.17.

Insider Activity

In related news, Chairman Michael D. Rumbolz sold 50,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $13.47, for a total transaction of $673,500.00. Following the transaction, the chairman now directly owns 1,032,062 shares in the company, valued at $13,901,875.14. The trade was a 4.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Lucchese sold 45,476 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $13.48, for a total value of $613,016.48. Following the completion of the sale, the executive vice president now owns 542,928 shares of the company’s stock, valued at approximately $7,318,669.44. This trade represents a 7.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 255,476 shares of company stock worth $3,435,636. Corporate insiders own 6.40% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Everi in a research report on Saturday. They set a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Everi has an average rating of “Hold” and a consensus price target of $12.88.

Everi 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.