Everi Holdings Inc. (NYSE:EVRI) EVP Darren Simmons Sells 50,000 Shares

Everi Holdings Inc. (NYSE:EVRI) EVP Darren Simmons sold 50,000 shares of Everi stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $13.46, for a total transaction of $673,000.00. Following the completion of the transaction, the executive vice president now owns 140,425 shares in the company, valued at approximately $1,890,120.50. This trade represents a 26.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Everi Price Performance

Shares of NYSE:EVRI opened at $13.47 on Friday. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $13.50. 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 company has a market cap of $1.16 billion, a PE ratio of 89.77 and a beta of 2.07. The firm has a 50 day simple moving average of $13.36 and a 200 day simple moving average of $11.69.

Institutional Trading of Everi

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vista Investment Partners LLC acquired a new position in Everi during the second quarter valued at $346,000. Private Capital Management LLC grew its stake in Everi by 19.8% during the 1st quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock valued at $28,051,000 after acquiring an additional 461,939 shares in the last quarter. Quest Partners LLC increased its holdings in shares of 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. Burgundy Asset Management Ltd. lifted its position in shares of Everi by 1,230.8% in the second quarter. Burgundy Asset Management Ltd. now owns 683,938 shares of the credit services provider’s stock worth $5,745,000 after purchasing an additional 632,544 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Everi during the third quarter worth approximately $2,113,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Everi in a research note on Thursday. They set a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Everi has an average rating of “Hold” and an average 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.