Prairiewood Capital LLC Cuts Position in Everi Holdings Inc. (NYSE:EVRI)

Prairiewood Capital LLC lowered its position in shares of Everi Holdings Inc. (NYSE:EVRI) by 8.7% in the fourth quarter, Holdings Channel reports. The firm owned 12,326 shares of the credit services provider’s stock after selling 1,175 shares during the period. Prairiewood Capital LLC’s holdings in Everi were worth $167,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Huntington National Bank raised its position in Everi by 1,296.2% in the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock valued at $77,000 after purchasing an additional 5,470 shares during the period. Quarry LP grew its stake 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 valued at $86,000 after buying an additional 2,864 shares in the last quarter. Magnetar Financial LLC purchased a new stake in shares of Everi during the 2nd quarter valued at about $104,000. Stifel Financial Corp lifted its position in Everi by 12.2% during the 3rd 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 in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Everi in the 4th quarter worth approximately $175,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Everi in a research report on Tuesday. They set a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.88.

Everi Trading Down 0.2 %

Shares of EVRI opened at $13.56 on Tuesday. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. Everi Holdings Inc. has a one year low of $6.37 and a one year high of $13.65. The stock has a 50-day moving average price of $13.48 and a 200 day moving average price of $12.78. The company has a market capitalization of $1.17 billion, a P/E ratio of 90.41 and a beta of 2.06.

Insider Activity

In other Everi news, CFO Mark F. Labay sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $13.38, for a total transaction of $669,000.00. Following the sale, the chief financial officer now owns 142,426 shares in the company, valued at $1,905,659.88. This represents a 25.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Geoffrey P. Judge sold 4,000 shares of Everi stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $13.50, for a total value of $54,000.00. Following the completion of the transaction, the director now owns 91,572 shares of the company’s stock, valued at approximately $1,236,222. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 255,476 shares of company stock worth $3,435,636. 6.40% of the stock is currently owned by insiders.

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.