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

StockNews.com assumed coverage on shares of Everi (NYSE:EVRI) in a report published on Friday. The firm issued a hold rating on the credit services provider’s stock.

Everi Price Performance

Shares of NYSE EVRI opened at $13.49 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. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 89.94 and a beta of 2.07. The firm’s 50 day simple moving average is $13.39 and its 200-day simple moving average is $11.91. Everi has a 12 month low of $6.37 and a 12 month high of $13.53.

Insider Buying and Selling at Everi

In other Everi news, EVP David Lucchese sold 45,476 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $13.48, for a total value of $613,016.48. Following the sale, the executive vice president now directly owns 542,928 shares of the company’s stock, valued at approximately $7,318,669.44. This trade represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren Simmons sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $13.46, for a total value of $673,000.00. Following the transaction, the executive vice president now directly 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. 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.

Institutional Trading of Everi

Several institutional investors have recently modified their holdings of EVRI. Signaturefd LLC boosted its stake in shares of Everi by 2,428.6% in the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 3,060 shares during the last quarter. CWM LLC boosted its stake in Everi by 117.5% during the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 1,897 shares during the last quarter. Huntington National Bank grew 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 buying an additional 5,470 shares in the last quarter. Quarry LP grew its holdings in shares of Everi by 38.9% during the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after buying an additional 2,864 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of Everi in the second quarter valued at about $104,000. Institutional investors and hedge funds 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.