Everi Holdings Inc. (NYSE:EVRI) Shares Purchased by Olympiad Research LP

Olympiad Research LP raised its stake in shares of Everi Holdings Inc. (NYSE:EVRI) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 124,263 shares of the credit services provider’s stock after purchasing an additional 10,108 shares during the period. Everi accounts for 1.7% of Olympiad Research LP’s portfolio, making the stock its 9th largest position. Olympiad Research LP owned about 0.14% of Everi worth $1,679,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jane Street Group LLC grew its stake in Everi by 86.7% during the third quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider’s stock worth $2,141,000 after buying an additional 75,655 shares during the period. Intech Investment Management LLC purchased a new stake in Everi during the third quarter worth approximately $232,000. Franklin Resources Inc. grew its stake in Everi by 6.6% during the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock worth $550,000 after buying an additional 2,564 shares during the period. Huntington National Bank grew its stake 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 period. Finally, Wolverine Asset Management LLC purchased a new stake in Everi during the third quarter worth approximately $2,113,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Insider Activity

In other Everi news, CFO Mark F. Labay sold 50,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $13.38, for a total transaction of $669,000.00. Following the transaction, the chief financial officer now directly owns 142,426 shares in the company, valued at $1,905,659.88. This represents a 25.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Geoffrey P. Judge sold 4,000 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $13.50, for a total transaction of $54,000.00. Following the transaction, the director now owns 91,572 shares in the company, valued at $1,236,222. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 239,476 shares of company stock worth $3,221,716. 6.40% of the stock is currently owned by company insiders.

Everi Price Performance

Shares of EVRI stock opened at $13.80 on Friday. The company has a market capitalization of $1.19 billion, a PE ratio of 91.97 and a beta of 2.05. The firm has a fifty day simple moving average of $13.60 and a 200-day simple moving average of $13.35. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. Everi Holdings Inc. has a twelve month low of $6.37 and a twelve month high of $13.83.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Everi in a research note on Saturday. They issued a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.88.

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.