Proficio Capital Partners LLC Invests $151,000 in Everi Holdings Inc. (NYSE:EVRI)

Proficio Capital Partners LLC purchased a new stake in shares of Everi Holdings Inc. (NYSE:EVRI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,213 shares of the credit services provider’s stock, valued at approximately $151,000.

Several other hedge funds also recently added to or reduced their stakes in EVRI. Huntington National Bank grew its position in Everi by 1,296.2% in the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock valued at $77,000 after acquiring an additional 5,470 shares in the last quarter. Alpine Associates Management Inc. acquired a new position in shares of Everi in the 3rd quarter valued at $24,815,000. King Luther Capital Management Corp lifted its holdings in shares of Everi by 41.9% in the 3rd quarter. King Luther Capital Management Corp now owns 390,796 shares of the credit services provider’s stock valued at $5,135,000 after purchasing an additional 115,485 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Everi in the 3rd quarter valued at $232,000. Finally, Walleye Capital LLC acquired a new stake in shares of Everi during the third quarter worth about $255,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Everi in a research note on Monday. They set a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.83.

Insider Activity

In other news, Director Geoffrey P. Judge sold 7,332 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $13.73, for a total value of $100,668.36. Following the sale, the director now directly owns 84,240 shares in the company, valued at $1,156,615.20. This represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.40% of the company’s stock.

Everi Trading Down 0.8 %

NYSE:EVRI opened at $13.58 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. The stock has a fifty day simple moving average of $13.66 and a 200-day simple moving average of $13.42. Everi Holdings Inc. has a 52-week low of $6.37 and a 52-week high of $13.83. The company has a market capitalization of $1.17 billion, a PE ratio of 90.51 and a beta of 2.05.

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.