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

Equities researchers at StockNews.com initiated coverage on shares of Everi (NYSE:EVRI) in a research note issued on Friday. The firm set a “hold” rating on the credit services provider’s stock.

Everi Price Performance

Shares of NYSE:EVRI opened at $13.74 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 $1.18 billion, a P/E ratio of 91.57 and a beta of 2.05. The business has a 50-day moving average of $13.57 and a two-hundred day moving average of $13.32. Everi has a fifty-two week low of $6.37 and a fifty-two week high of $13.77.

Insiders Place Their Bets

In other news, CFO Mark F. Labay sold 50,000 shares of Everi stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $13.38, for a total value of $669,000.00. Following the transaction, the chief financial officer now directly owns 142,426 shares in the company, valued at approximately $1,905,659.88. The trade was a 25.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Linster W. Fox sold 40,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $13.48, for a total value of $539,200.00. The disclosure for this sale can be found here. Insiders sold 239,476 shares of company stock valued at $3,221,716 over the last 90 days. 6.40% of the stock is currently owned by company insiders.

Institutional Trading of Everi

Hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System increased its stake in Everi by 3.2% in the fourth quarter. Arizona State Retirement System now owns 24,974 shares of the credit services provider’s stock valued at $337,000 after acquiring an additional 765 shares during the period. Stifel Financial Corp lifted its stake in shares of Everi by 12.2% during the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock valued at $172,000 after acquiring an additional 1,423 shares during the period. Vestcor Inc bought a new position in Everi in the fourth quarter valued at about $28,000. MetLife Investment Management LLC increased its position in Everi by 5.4% in the fourth quarter. MetLife Investment Management LLC now owns 47,140 shares of the credit services provider’s stock worth $637,000 after purchasing an additional 2,409 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Everi by 6.6% during the 3rd 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 last quarter. 95.47% of the stock is owned by institutional investors.

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.