HGI Capital Management LLC boosted its position in shares of Everi Holdings Inc. (NYSE:EVRI – Get Rating) by 10.9% in the first quarter, HoldingsChannel.com reports. The fund owned 30,981 shares of the credit services provider's stock after purchasing an additional 3,038 shares during the period. HGI Capital Management LLC's holdings in Everi were worth $651,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Private Capital Group LLC acquired a new stake in Everi in the 1st quarter valued at about $51,000. Counterpoint Mutual Funds LLC raised its position in Everi by 212.6% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 4,130 shares of the credit services provider's stock valued at $87,000 after purchasing an additional 2,809 shares in the last quarter. Lazard Asset Management LLC raised its position in Everi by 7,296.6% in the 1st quarter. Lazard Asset Management LLC now owns 4,364 shares of the credit services provider's stock valued at $91,000 after purchasing an additional 4,305 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in Everi by 15.9% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 8,142 shares of the credit services provider's stock valued at $171,000 after purchasing an additional 1,118 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Everi by 34.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,967 shares of the credit services provider's stock valued at $209,000 after purchasing an additional 2,563 shares in the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Everi news, Director Geoffrey P. Judge sold 3,000 shares of Everi stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $21.00, for a total value of $63,000.00. Following the transaction, the director now directly owns 51,572 shares in the company, valued at approximately $1,083,012. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Everi news, Director Geoffrey P. Judge sold 3,000 shares of Everi stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $21.00, for a total value of $63,000.00. Following the transaction, the director now directly owns 51,572 shares in the company, valued at approximately $1,083,012. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Geoffrey P. Judge sold 1,424 shares of Everi stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $18.00, for a total value of $25,632.00. Following the completion of the transaction, the director now owns 51,572 shares in the company, valued at $928,296. The disclosure for this sale can be found here. Insiders have sold a total of 29,848 shares of company stock valued at $613,536 over the last quarter. Company insiders own 4.60% of the company's stock.

Analyst Upgrades and Downgrades

Everi Stock Performance

EVRI traded up $0.16 during trading on Monday, hitting $18.72. 8,573 shares of the stock were exchanged, compared to its average volume of 719,454. The firm has a market capitalization of $1.68 billion, a P/E ratio of 11.67 and a beta of 2.48. Everi Holdings Inc. has a 1-year low of $15.05 and a 1-year high of $26.61. The stock has a fifty day moving average price of $18.85 and a two-hundred day moving average price of $18.79. The company has a quick ratio of 1.06, a current ratio of 1.18 and a debt-to-equity ratio of 4.81.

Everi (NYSE:EVRI – Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The credit services provider reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. The company had revenue of $197.22 million for the quarter, compared to analyst estimates of $182.21 million. Everi had a return on equity of 73.32% and a net margin of 21.84%. As a group, sell-side analysts predict that Everi Holdings Inc. will post 1.31 earnings per share for the current year.

Everi Company Profile

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Everi Holdings Inc provides entertainment and technology solutions for the casino and digital gaming industries in the United States, Canada, the United Kingdom, Europe, the Caribbean, Central America, and Asia. It operates in two segments, Games and FinTech. The company offers local and wide-area progressive gaming products, such as classic mechanical reel games and video reel games, as well as TournEvent, a slot tournament terminal and system machine; and sells player terminals, licenses, game content, and related equipment.

Further Reading

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