Everi (NYSE:EVRI) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Everi (NYSE:EVRI) in a report released on Tuesday. The firm set a “hold” rating on the credit services provider’s stock.

Everi Stock Performance

NYSE EVRI opened at $13.61 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. Everi has a twelve month low of $6.37 and a twelve month high of $13.65. The business has a 50-day moving average price of $13.49 and a 200-day moving average price of $12.83. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 90.71 and a beta of 2.06.

Insider Buying and Selling at Everi

In other Everi news, Director Geoffrey P. Judge sold 4,000 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $13.50, for a total transaction of $54,000.00. Following the completion of the transaction, the director now owns 91,572 shares of the company’s stock, valued at $1,236,222. This represents a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darren Simmons sold 50,000 shares of the business’s 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 in the company, valued at $1,890,120.50. This represents a 26.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 255,476 shares of company stock valued at $3,435,636 in the last three months. 6.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Intech Investment Management LLC bought a new position in shares of Everi during the 3rd quarter valued at approximately $232,000. Jane Street Group LLC lifted its holdings in shares of Everi by 86.7% in the 3rd quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider’s stock worth $2,141,000 after acquiring an additional 75,655 shares during the last quarter. Huntington National Bank boosted its stake in shares of Everi by 1,296.2% during the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock worth $77,000 after purchasing an additional 5,470 shares during the period. Wolverine Asset Management LLC bought a new position in Everi during the 3rd quarter valued at about $2,113,000. Finally, SG Americas Securities LLC purchased a new stake in Everi in the 3rd quarter worth about $422,000. Institutional investors own 95.47% of the company’s stock.

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.