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

Analysts at StockNews.com assumed coverage on shares of Everi (NYSE:EVRI) in a note issued to investors on Monday. The brokerage set a “hold” rating on the credit services provider’s stock.

Everi Stock Performance

EVRI stock opened at $13.53 on Monday. Everi has a fifty-two week low of $6.37 and a fifty-two week high of $13.58. The company has a market capitalization of $1.17 billion, a P/E ratio of 90.21 and a beta of 2.06. The company has a 50-day simple moving average of $13.45 and a 200 day simple moving average of $12.53. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84.

Insider Activity at Everi

In related news, Director Geoffrey P. Judge sold 16,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $13.37, for a total value of $213,920.00. Following the completion of the sale, the director now directly owns 91,572 shares of the company’s stock, valued at approximately $1,224,317.64. This represents a 14.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren Simmons sold 50,000 shares of Everi stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $13.46, for a total value of $673,000.00. Following the transaction, the executive vice president now directly owns 140,425 shares in the company, valued at approximately $1,890,120.50. This trade represents a 26.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 255,476 shares of company stock valued at $3,435,636 over the last ninety days. Insiders own 6.40% of the company’s stock.

Institutional Trading of Everi

Several institutional investors have recently made changes to their positions in EVRI. Glazer Capital LLC acquired a new stake in shares of Everi in the 3rd quarter valued at $33,507,000. Alpine Associates Management Inc. bought a new stake in Everi during the 3rd quarter valued at approximately $24,815,000. Clearbridge Investments LLC grew its holdings in Everi by 85.3% in 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 buying an additional 1,282,682 shares during the last quarter. Westchester Capital Management LLC acquired a new position in shares of Everi during the third quarter worth approximately $16,662,000. Finally, Sand Grove Capital Management LLP bought a new stake in shares of Everi in the third quarter valued at approximately $15,806,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.