Raymond James Financial Inc. Buys New Position in Everi Holdings Inc. (NYSE:EVRI)

Raymond James Financial Inc. acquired a new position in shares of Everi Holdings Inc. (NYSE:EVRI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 322,792 shares of the credit services provider’s stock, valued at approximately $4,361,000. Raymond James Financial Inc. owned about 0.37% of Everi at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EVRI. Proficio Capital Partners LLC acquired a new position in shares of Everi in the fourth quarter worth approximately $151,000. Stifel Financial Corp grew its holdings in Everi by 12.2% during the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after buying an additional 1,423 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Everi in the 4th quarter valued at $175,000. Quarry LP lifted its stake in Everi by 59.5% during the 3rd quarter. Quarry LP now owns 16,320 shares of the credit services provider’s stock valued at $214,000 after acquiring an additional 6,090 shares in the last quarter. Finally, MML Investors Services LLC purchased a new position in Everi during the 3rd quarter worth $223,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Everi Trading Down 0.3 %

NYSE:EVRI opened at $13.60 on Thursday. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. Everi Holdings Inc. has a 1 year low of $6.37 and a 1 year high of $13.83. The company has a market cap of $1.18 billion, a P/E ratio of 90.64 and a beta of 2.05. The stock’s fifty day moving average price is $13.67 and its two-hundred day moving average price is $13.46.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Everi in a research report on Wednesday. They issued a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.83.

Insider Activity

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

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.