Diametric Capital LP Has $1.31 Million Holdings in Everi Holdings Inc. (NYSE:EVRI)

Diametric Capital LP raised its holdings in Everi Holdings Inc. (NYSE:EVRI) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,054 shares of the credit services provider’s stock after acquiring an additional 9,861 shares during the period. Everi comprises about 0.9% of Diametric Capital LP’s investment portfolio, making the stock its 22nd largest holding. Diametric Capital LP owned about 0.11% of Everi worth $1,311,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Arizona State Retirement System grew its position in shares of Everi by 3.2% in the 4th quarter. Arizona State Retirement System now owns 24,974 shares of the credit services provider’s stock valued at $337,000 after purchasing an additional 765 shares during the period. Stifel Financial Corp boosted its holdings in shares of Everi by 12.2% in the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock valued at $172,000 after buying an additional 1,423 shares during the period. Vestcor Inc bought a new stake in shares of Everi during the fourth quarter worth $28,000. Franklin Resources Inc. raised its holdings in shares of 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 acquiring an additional 2,564 shares during the period. Finally, Nordea Investment Management AB lifted its position in Everi by 1.2% in the 4th quarter. Nordea Investment Management AB now owns 295,960 shares of the credit services provider’s stock valued at $3,995,000 after acquiring an additional 3,573 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

Everi Stock Performance

Shares of EVRI opened at $13.68 on Tuesday. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 91.17 and a beta of 2.05. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $13.83. The firm has a fifty day simple moving average of $13.68 and a 200 day simple moving average of $13.48. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Everi in a report on Wednesday, March 26th. They set a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Everi has a consensus rating of “Hold” and a consensus price target of $12.83.

Insider Transactions at Everi

In other news, Director Geoffrey P. Judge sold 7,332 shares of Everi stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $13.73, for a total transaction of $100,668.36. Following the completion of the transaction, the director now directly owns 84,240 shares in the company, valued at approximately $1,156,615.20. The trade was a 8.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 6.40% 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.