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

Analysts at StockNews.com initiated 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 Stock Down 0.1 %

Everi stock opened at $13.51 on Friday. 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 has a fifty-two week low of $6.37 and a fifty-two week high of $13.55. The firm has a fifty day moving average price of $13.44 and a two-hundred day moving average price of $12.40. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 90.07 and a beta of 2.07.

Insider Activity at Everi

In other Everi news, Director Geoffrey P. Judge sold 16,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $13.37, for a total value of $213,920.00. Following the transaction, the director now directly owns 91,572 shares in the company, valued at approximately $1,224,317.64. This trade represents a 14.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren Simmons sold 50,000 shares of Everi stock in a transaction dated Thursday, December 12th. The stock was 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 approximately $1,890,120.50. The trade was a 26.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 255,476 shares of company stock valued at $3,435,636 in the last 90 days. 6.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Huntington National Bank raised its holdings in shares of Everi by 1,296.2% during the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock worth $77,000 after acquiring an additional 5,470 shares during the period. Quarry LP increased its holdings in Everi by 38.9% during the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after purchasing an additional 2,864 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of Everi in the 2nd quarter valued at about $104,000. Meeder Asset Management Inc. bought a new stake in shares of Everi in the second quarter valued at about $118,000. Finally, MQS Management LLC acquired a new position in shares of Everi during the second quarter worth about $141,000. 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.