Clark Estates Inc. NY Sells 64,500 Shares of Everi Holdings Inc. (NYSE:EVRI)

Clark Estates Inc. NY lessened its stake in shares of Everi Holdings Inc. (NYSE:EVRI) by 16.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 317,250 shares of the credit services provider’s stock after selling 64,500 shares during the quarter. Everi comprises 0.8% of Clark Estates Inc. NY’s investment portfolio, making the stock its 20th biggest holding. Clark Estates Inc. NY owned about 0.37% of Everi worth $4,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the company. Vista Investment Partners LLC bought a new position in Everi in the second quarter worth approximately $346,000. Private Capital Management LLC lifted its holdings in shares of Everi by 19.8% in the 1st quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock worth $28,051,000 after purchasing an additional 461,939 shares in the last quarter. Quest Partners LLC grew its position in Everi by 756.2% in the 2nd quarter. Quest Partners LLC now owns 73,920 shares of the credit services provider’s stock valued at $621,000 after purchasing an additional 65,287 shares during the period. Vanguard Group Inc. increased its stake in Everi by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider’s stock valued at $74,522,000 after purchasing an additional 236,652 shares in the last quarter. Finally, BOKF NA raised its holdings in Everi by 352.7% during the first quarter. BOKF NA now owns 27,984 shares of the credit services provider’s stock worth $284,000 after buying an additional 21,802 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Everi Stock Up 0.4 %

Everi stock opened at $13.48 on Wednesday. Everi Holdings Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $13.48. 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 firm’s 50-day simple moving average is $13.27 and its 200 day simple moving average is $11.14. The stock has a market cap of $1.16 billion, a PE ratio of 89.87 and a beta of 2.13.

Insiders Place Their Bets

In related news, CFO Mark F. Labay sold 50,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $13.38, for a total transaction of $669,000.00. Following the completion of the transaction, the chief financial officer now owns 142,426 shares in the company, valued at approximately $1,905,659.88. This represents a 25.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Darren Simmons sold 75,000 shares of Everi stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total transaction of $982,500.00. Following the completion of the sale, the executive vice president now directly owns 190,425 shares in the company, valued at approximately $2,494,567.50. This represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 141,000 shares of company stock valued at $1,865,420 in the last 90 days. 6.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Stifel Nicolaus reissued a “hold” rating and set a $14.25 target price (up from $11.00) on shares of Everi in a research report on Wednesday, July 31st. StockNews.com started coverage on Everi in a report on Tuesday. They set a “hold” rating for the company. Finally, B. Riley raised their target price on Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Everi currently has a consensus rating of “Hold” and a consensus price target 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.