Private Capital Management LLC Has $31.26 Million Stake in Everi Holdings Inc. (NYSE:EVRI)

Private Capital Management LLC decreased its position in Everi Holdings Inc. (NYSE:EVRI) by 21.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,379,175 shares of the credit services provider’s stock after selling 658,194 shares during the quarter. Everi makes up approximately 6.2% of Private Capital Management LLC’s portfolio, making the stock its 10th largest holding. Private Capital Management LLC owned 2.76% of Everi worth $31,262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of EVRI. Jane Street Group LLC grew its stake in Everi by 86.7% in the 3rd quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider’s stock valued at $2,141,000 after buying an additional 75,655 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Everi in the third quarter valued at about $232,000. Franklin Resources Inc. increased its stake 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 purchasing an additional 2,564 shares during the period. Huntington National Bank lifted its position 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 last quarter. Finally, Wolverine Asset Management LLC bought a new stake in Everi during the 3rd quarter valued at approximately $2,113,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Everi in a research report on Saturday, February 22nd. They issued a “hold” rating on the stock. Six analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average price target of $12.88.

Everi Stock Down 0.3 %

Shares of EVRI opened at $13.74 on Friday. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. The company has a 50-day simple moving average of $13.62 and a 200-day simple moving average of $13.37. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $13.83. The firm has a market capitalization of $1.18 billion, a P/E ratio of 91.57 and a beta of 2.05.

Insider Activity at Everi

In other news, Director Geoffrey P. Judge sold 4,000 shares of the firm’s 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 directly owns 91,572 shares of the company’s stock, valued at approximately $1,236,222. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Michael D. Rumbolz sold 50,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $13.47, for a total transaction of $673,500.00. Following the completion of the sale, the chairman now directly 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 189,476 shares of company stock worth $2,552,716 over the last three months. Company 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.