Everi Holdings Inc. (NYSE:EVRI) Shares Purchased by Globeflex Capital L P

Posted by Maurice Goldstein on May 26th, 2023

Globeflex Capital L P increased its holdings in shares of Everi Holdings Inc. (NYSE:EVRI – Get Rating) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,447 shares of the credit services provider’s stock after acquiring an additional 1,426 shares during the quarter. Globeflex Capital L P’s holdings in Everi were worth $293,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EVRI. Mesirow Institutional Investment Management Inc. purchased a new stake in shares of Everi in the 3rd quarter valued at approximately $6,605,000. Renaissance Technologies LLC raised its stake in shares of Everi by 142.8% in the 2nd quarter. Renaissance Technologies LLC now owns 662,800 shares of the credit services provider’s stock valued at $10,810,000 after acquiring an additional 389,800 shares during the period. Cubist Systematic Strategies LLC raised its stake in shares of Everi by 923.8% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 407,714 shares of the credit services provider’s stock valued at $6,613,000 after acquiring an additional 367,892 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Everi by 5.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,472,345 shares of the credit services provider’s stock valued at $88,762,000 after acquiring an additional 291,696 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Everi by 156.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 438,693 shares of the credit services provider’s stock valued at $6,295,000 after acquiring an additional 267,710 shares during the period. 87.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Everi news, Director Geoffrey P. Judge sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $18.58, for a total transaction of $111,480.00. Following the completion of the transaction, the director now owns 61,572 shares in the company, valued at approximately $1,144,007.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Todd A. Valli sold 5,235 shares of the company’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $18.58, for a total value of $97,266.30. Following the completion of the transaction, the chief accounting officer now owns 38,819 shares in the company, valued at approximately $721,257.02. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Geoffrey P. Judge sold 6,000 shares of the company’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $18.58, for a total transaction of $111,480.00. Following the completion of the transaction, the director now owns 61,572 shares of the company’s stock, valued at approximately $1,144,007.76. The disclosure for this sale can be found here. Insiders sold 49,633 shares of company stock worth $923,333 in the last 90 days. Corporate insiders own 5.70% of the company’s stock.

Analyst Ratings Changes

EVRI has been the topic of a number of research analyst reports. TheStreet raised shares of Everi from a “c” rating to a “b-” rating in a research note on Monday, May 1st. 58.com reissued a “maintains” rating on shares of Everi in a research note on Tuesday, May 2nd. Raymond James cut their target price on shares of Everi from $26.00 to $25.00 in a research note on Thursday, May 11th. B. Riley cut their target price on shares of Everi from $31.00 to $27.00 in a research note on Thursday, May 11th. Finally, StockNews.com downgraded shares of Everi from a “strong-buy” rating to a “buy” rating in a research note on Monday. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Everi has a consensus rating of “Buy” and a consensus price target of $26.20.

Everi Stock Down 0.5 %

NYSE EVRI traded down $0.07 on Friday, hitting $14.31. 57,012 shares of the stock were exchanged, compared to its average volume of 751,967. The company has a quick ratio of 1.11, a current ratio of 1.25 and a debt-to-equity ratio of 3.80. Everi Holdings Inc. has a fifty-two week low of $13.52 and a fifty-two week high of $21.11. The company has a market cap of $1.27 billion, a PE ratio of 11.88 and a beta of 2.33. The company has a 50-day moving average price of $15.76 and a 200-day moving average price of $16.34.

Everi (NYSE:EVRI – Get Rating) last posted its quarterly earnings results on Wednesday, May 10th. The credit services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.25 by $0.14. Everi had a net margin of 14.17% and a return on equity of 55.02%. The company had revenue of $200.47 million during the quarter, compared to analysts’ expectations of $189.43 million. Sell-side analysts anticipate that Everi Holdings Inc. will post 1.08 EPS for the current fiscal year.

Everi Profile

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Everi Holdings, Inc engages in the provision of technology solutions to the casino, interactive, and gaming industry. It operates through the Games and Financial Technology Solutions (FinTech) segments. The Games segment focuses on leased gaming equipment, sales of gaming equipment, gaming systems, interactive solutions, and ancillary products and services.