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

StockNews.com assumed coverage on shares of Everi (NYSE:EVRI) in a research note issued to investors on Sunday morning. The firm issued a hold rating on the credit services provider’s stock.

Everi Price Performance

Shares of NYSE EVRI opened at $13.53 on Friday. Everi has a twelve month low of $6.37 and a twelve month high of $13.55. The stock’s 50 day moving average price is $13.43 and its 200-day moving average price is $12.36. The company has a market capitalization of $1.17 billion, a PE ratio of 90.21 and a beta of 2.07. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84.

Insider Transactions at Everi

In related news, Director Geoffrey P. Judge sold 16,000 shares of the company’s stock in a transaction that occurred 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 owns 91,572 shares in the company, valued at approximately $1,224,317.64. This represents a 14.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Michael D. Rumbolz sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $13.47, for a total value of $673,500.00. Following the completion of the transaction, the chairman now owns 1,032,062 shares in the company, valued at approximately $13,901,875.14. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 255,476 shares of company stock worth $3,435,636 in the last 90 days. Insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

Several institutional investors have recently bought and sold shares of EVRI. Stifel Financial Corp boosted its holdings in shares of Everi by 12.2% in the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after acquiring an additional 1,423 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Everi by 6.6% in the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock worth $550,000 after acquiring an additional 2,564 shares during the period. Quarry LP boosted its holdings in shares of Everi by 38.9% in the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after acquiring an additional 2,864 shares during the period. Rhumbline Advisers boosted its holdings in shares of Everi by 3.7% in the second quarter. Rhumbline Advisers now owns 125,137 shares of the credit services provider’s stock worth $1,051,000 after acquiring an additional 4,486 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of Everi by 1,296.2% in 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. Hedge funds and other 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.