FNY Investment Advisers LLC Purchases Shares of 13,000 Everi Holdings Inc. (NYSE:EVRI)

FNY Investment Advisers LLC acquired a new stake in Everi Holdings Inc. (NYSE:EVRI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,000 shares of the credit services provider’s stock, valued at approximately $175,000.

Several other institutional investors have also recently modified their holdings of EVRI. Stifel Financial Corp increased its holdings in Everi by 12.2% in the 3rd 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 during the period. Franklin Resources Inc. boosted its holdings in shares of Everi by 6.6% in the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock valued at $550,000 after acquiring an additional 2,564 shares during the last quarter. Quarry LP boosted its holdings in shares of Everi by 38.9% in the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after acquiring an additional 2,864 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Everi by 1.2% in the fourth quarter. Nordea Investment Management AB now owns 295,960 shares of the credit services provider’s stock worth $3,995,000 after acquiring an additional 3,573 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Everi by 3.7% during the second quarter. Rhumbline Advisers now owns 125,137 shares of the credit services provider’s stock worth $1,051,000 after purchasing an additional 4,486 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Everi Price Performance

NYSE:EVRI opened at $13.60 on Wednesday. The company has a 50 day moving average price of $13.46 and a 200-day moving average price of $12.63. Everi Holdings Inc. has a 1-year low of $6.37 and a 1-year high of $13.60. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 90.67 and a beta of 2.06. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Everi in a report on Monday. They issued a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.88.

Insider Buying and Selling at Everi

In other news, EVP Darren Simmons sold 50,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $13.46, for a total transaction of $673,000.00. Following the transaction, the executive vice president now owns 140,425 shares in the company, valued at $1,890,120.50. This trade represents a 26.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP David Lucchese sold 45,476 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $13.48, for a total transaction of $613,016.48. Following the completion of the sale, the executive vice president now directly owns 542,928 shares of the company’s stock, valued at approximately $7,318,669.44. The trade was a 7.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 255,476 shares of company stock valued at $3,435,636. Corporate insiders own 6.40% of the company’s stock.

Everi 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.