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

StockNews.com initiated coverage on shares of Everi (NYSE:EVRI) in a research report released on Tuesday morning. The firm issued a hold rating on the credit services provider’s stock.

Everi Stock Up 0.0 %

Shares of NYSE:EVRI opened at $13.58 on Tuesday. Everi has a one year low of $6.37 and a one year high of $13.83. The company has a 50 day moving average of $13.66 and a 200-day moving average of $13.44. 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 cap of $1.17 billion, a price-to-earnings ratio of 90.51 and a beta of 2.05.

Insider Transactions at Everi

In related news, Director Geoffrey P. Judge sold 7,332 shares of Everi stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $13.73, for a total transaction of $100,668.36. Following the transaction, the director now owns 84,240 shares of the company’s stock, valued at $1,156,615.20. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vestcor Inc bought a new position in Everi in the fourth quarter valued at approximately $28,000. Huntington National Bank increased its holdings in 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 during the last quarter. AlphaQuest LLC increased its holdings in shares of Everi by 97.8% in the fourth quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider’s stock valued at $128,000 after purchasing an additional 4,671 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Everi in the fourth quarter valued at $143,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Everi in the fourth quarter valued at $151,000. 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.