Quest Partners LLC Makes New Investment in Everi Holdings Inc. (NYSE:EVRI)

Quest Partners LLC purchased a new position in Everi Holdings Inc. (NYSE:EVRIFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 52,925 shares of the credit services provider’s stock, valued at approximately $596,000. Quest Partners LLC owned approximately 0.06% of Everi at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EVRI. Wolverine Asset Management LLC acquired a new position in shares of Everi during the fourth quarter worth about $52,000. LSV Asset Management acquired a new position in shares of Everi during the fourth quarter worth about $121,000. Oak Thistle LLC acquired a new position in shares of Everi during the fourth quarter worth about $124,000. Principal Financial Group Inc. acquired a new position in Everi during the third quarter valued at approximately $136,000. Finally, AXQ Capital LP acquired a new position in Everi during the third quarter valued at approximately $142,000. 95.47% of the stock is currently owned by institutional investors.

Insider Transactions at Everi

In other news, Chairman Michael D. Rumbolz sold 5,040 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $7.60, for a total transaction of $38,304.00. Following the transaction, the chairman now owns 1,082,062 shares in the company, valued at $8,223,671.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Everi news, EVP Darren Simmons sold 45,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $8.07, for a total transaction of $363,150.00. Following the transaction, the executive vice president now owns 152,550 shares in the company, valued at approximately $1,231,078.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Michael D. Rumbolz sold 5,040 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $7.60, for a total value of $38,304.00. Following the transaction, the chairman now owns 1,082,062 shares in the company, valued at approximately $8,223,671.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,043 shares of company stock worth $1,073,022. Company insiders own 6.40% of the company’s stock.

Everi Price Performance

NYSE:EVRI opened at $7.22 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.05 and a debt-to-equity ratio of 4.18. The stock’s 50 day moving average price is $8.70 and its two-hundred day moving average price is $10.05. The firm has a market capitalization of $606.64 million, a price-to-earnings ratio of 11.10 and a beta of 2.09. Everi Holdings Inc. has a 12-month low of $7.18 and a 12-month high of $16.08.

Everi (NYSE:EVRIGet Free Report) last announced its earnings results on Wednesday, May 8th. The credit services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.12). The firm had revenue of $189.30 million for the quarter, compared to the consensus estimate of $188.82 million. Everi had a return on equity of 30.41% and a net margin of 7.59%. Everi’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. On average, analysts anticipate that Everi Holdings Inc. will post 0.72 earnings per share for the current year.

Analyst Ratings Changes

EVRI has been the subject of several recent research reports. Jefferies Financial Group reissued a “hold” rating and set a $13.00 price target (down from $18.00) on shares of Everi in a research report on Friday, March 1st. Stifel Nicolaus reduced their price target on Everi from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. B. Riley initiated coverage on Everi in a research report on Friday, April 5th. They set a “neutral” rating and a $12.00 price target for the company. Truist Financial reduced their price target on Everi from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. Finally, StockNews.com lowered Everi from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $12.60.

Read Our Latest Report on Everi

Everi Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Everi (NYSE:EVRI)

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