Everi (NYSE:EVRI) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Everi (NYSE:EVRI) in a research report report published on Saturday morning. The brokerage issued a hold rating on the credit services provider’s stock.

Everi Stock Down 0.2 %

EVRI stock opened at $13.79 on Friday. The company has a market cap of $1.19 billion, a PE ratio of 91.91 and a beta of 2.05. The business has a 50-day simple moving average of $13.60 and a 200 day simple moving average of $13.36. Everi has a 52 week low of $6.37 and a 52 week high of $13.83. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84.

Insider Activity at Everi

In related news, Director Geoffrey P. Judge sold 4,000 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $13.50, for a total value of $54,000.00. Following the completion of the transaction, the director now owns 91,572 shares of the company’s stock, valued at $1,236,222. The trade was a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Darren Simmons sold 50,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $13.46, for a total value of $673,000.00. Following the transaction, the executive vice president now directly owns 140,425 shares of the company’s stock, valued at approximately $1,890,120.50. The trade was a 26.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 189,476 shares of company stock valued at $2,552,716 over the last quarter. 6.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Everi by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 4,857,966 shares of the credit services provider’s stock worth $65,631,000 after acquiring an additional 47,844 shares in the last quarter. Water Island Capital LLC raised its stake in Everi by 14.5% during the fourth quarter. Water Island Capital LLC now owns 2,924,921 shares of the credit services provider’s stock worth $39,516,000 after acquiring an additional 370,704 shares in the last quarter. Glazer Capital LLC acquired a new position in Everi during the third quarter worth about $33,507,000. Adage Capital Partners GP L.L.C. raised its stake in Everi by 11.6% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,214,219 shares of the credit services provider’s stock worth $29,914,000 after acquiring an additional 229,477 shares in the last quarter. Finally, Alpine Associates Management Inc. acquired a new position in Everi during the third quarter worth about $24,815,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Everi Company 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.