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

Stock analysts at StockNews.com assumed coverage on shares of Everi (NYSE:EVRI) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the credit services provider’s stock.

Everi Trading Up 0.1 %

Shares of Everi stock opened at $13.74 on Friday. The company has a market capitalization of $1.19 billion, a P/E ratio of 91.61 and a beta of 2.05. 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 company has a fifty day moving average of $13.62 and a 200 day moving average of $13.38. Everi has a fifty-two week low of $6.37 and a fifty-two week high of $13.83.

Insider Buying and Selling

In other Everi news, EVP Darren Simmons sold 50,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 140,425 shares of the company’s stock, valued at $1,890,120.50. This represents a 26.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linster W. Fox sold 40,000 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 transaction of $539,200.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 189,476 shares of company stock valued at $2,552,716. Company insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EVRI. Glazer Capital LLC bought a new position in shares of Everi during the 3rd quarter valued at about $33,507,000. Alpine Associates Management Inc. purchased a new stake in shares of Everi during the 3rd quarter valued at about $24,815,000. Westchester Capital Management LLC purchased a new stake in shares of Everi during the 3rd quarter valued at about $16,662,000. Sand Grove Capital Management LLP purchased a new stake in shares of Everi during the 3rd quarter valued at about $15,806,000. Finally, Highbridge Capital Management LLC raised its position in shares of Everi by 147.8% during the 4th quarter. Highbridge Capital Management LLC now owns 1,392,408 shares of the credit services provider’s stock valued at $18,811,000 after buying an additional 830,470 shares in the last quarter. 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.