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

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

Everi Stock Down 0.2 %

EVRI stock opened at $13.56 on Tuesday. Everi has a one year low of $6.37 and a one year high of $13.65. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. The firm’s fifty day moving average is $13.48 and its 200 day moving average is $12.78. The firm has a market cap of $1.17 billion, a PE ratio of 90.41 and a beta of 2.06.

Insider Activity at Everi

In related news, Director Geoffrey P. Judge sold 4,000 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $13.50, for a total transaction of $54,000.00. Following the transaction, the director now owns 91,572 shares of the company’s stock, valued at approximately $1,236,222. This represents a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Michael D. Rumbolz sold 50,000 shares of Everi stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $13.47, for a total transaction of $673,500.00. Following the completion of the transaction, the chairman now owns 1,032,062 shares of the company’s stock, valued at $13,901,875.14. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 255,476 shares of company stock valued at $3,435,636. 6.40% of the stock is owned by company insiders.

Institutional Trading of Everi

Several institutional investors have recently modified their holdings of EVRI. SG Americas Securities LLC boosted its stake in shares of Everi by 14.8% during the fourth quarter. SG Americas Securities LLC now owns 36,908 shares of the credit services provider’s stock worth $499,000 after buying an additional 4,772 shares during the period. FNY Investment Advisers LLC purchased a new stake in Everi during the 4th quarter valued at approximately $175,000. Nordea Investment Management AB lifted its position in Everi by 1.2% during the 4th quarter. Nordea Investment Management AB now owns 295,960 shares of the credit services provider’s stock worth $3,995,000 after acquiring an additional 3,573 shares during the period. Franklin Resources Inc. grew its stake in shares of Everi by 6.6% in the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock valued at $550,000 after purchasing an additional 2,564 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Everi in the third quarter valued at approximately $878,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.