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

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

Everi Stock Down 0.1 %

Shares of NYSE EVRI opened at $13.73 on Monday. Everi has a 12-month low of $6.37 and a 12-month high of $13.83. The stock has a market cap of $1.19 billion, a PE ratio of 91.51 and a beta of 2.05. 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 50-day moving average of $13.65 and a 200 day moving average of $13.41.

Insider Activity

In other news, EVP Darren Simmons sold 50,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $13.46, for a total value of $673,000.00. Following the completion of the sale, 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 filing with the SEC, which is available at this hyperlink. Corporate insiders own 6.40% of the company’s stock.

Institutional Trading of Everi

Hedge funds have recently made changes to their positions in the company. Arizona State Retirement System boosted its position in shares of Everi by 3.2% during the 4th quarter. Arizona State Retirement System now owns 24,974 shares of the credit services provider’s stock worth $337,000 after purchasing an additional 765 shares during the period. Western Standard LLC boosted its position in shares of Everi by 0.8% during the 4th quarter. Western Standard LLC now owns 144,650 shares of the credit services provider’s stock worth $1,954,000 after purchasing an additional 1,200 shares during the period. Stifel Financial Corp boosted its position in shares of Everi by 12.2% during the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after purchasing an additional 1,423 shares during the period. Vestcor Inc purchased a new position in shares of Everi during the 4th quarter worth approximately $28,000. Finally, MetLife Investment Management LLC boosted its position in shares of Everi by 5.4% during the 4th quarter. MetLife Investment Management LLC now owns 47,140 shares of the credit services provider’s stock worth $637,000 after purchasing an additional 2,409 shares during the period. 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.