Wolverine Asset Management LLC Purchases New Holdings in Everi Holdings Inc. (NYSE:EVRI)

Wolverine Asset Management LLC acquired a new position in Everi Holdings Inc. (NYSE:EVRI) during the third quarter, HoldingsChannel reports. The institutional investor acquired 160,788 shares of the credit services provider’s stock, valued at approximately $2,113,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC boosted its position in shares of Everi by 117.5% in the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 1,897 shares in the last quarter. Oxford Financial Group LTD. LLC boosted its holdings in Everi by 4.3% in the first quarter. Oxford Financial Group LTD. LLC now owns 48,420 shares of the credit services provider’s stock worth $487,000 after acquiring an additional 2,000 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Everi by 4.6% in the second quarter. SummerHaven Investment Management LLC now owns 53,078 shares of the credit services provider’s stock worth $446,000 after acquiring an additional 2,347 shares during the last quarter. Quarry LP increased its holdings in shares of Everi by 38.9% during the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after acquiring an additional 2,864 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Everi by 2,428.6% in the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 3,060 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EVRI shares. Raymond James restated a “market perform” rating on shares of Everi in a research note on Monday, July 29th. B. Riley raised their price target on shares of Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research report on Monday, August 5th. StockNews.com assumed coverage on shares of Everi in a report on Sunday. They issued a “hold” rating for the company. Truist Financial reduced their price objective on Everi from $11.00 to $10.00 and set a “hold” rating for the company in a report on Thursday, July 18th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $14.25 price target (up previously from $11.00) on shares of Everi in a report on Wednesday, July 31st. Six research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.88.

Insider Buying and Selling at Everi

In related news, EVP Darren Simmons sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total value of $982,500.00. Following the transaction, the executive vice president now owns 190,425 shares of the company’s stock, valued at approximately $2,494,567.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 6.40% of the company’s stock.

Everi Stock Performance

Shares of EVRI opened at $13.35 on Tuesday. Everi Holdings Inc. has a one year low of $6.37 and a one year high of $13.45. The business has a fifty day moving average of $13.21 and a 200 day moving average of $10.77. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.05 and a quick ratio of 0.95. The firm has a market capitalization of $1.15 billion, a P/E ratio of 28.40 and a beta of 2.13.

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.