Graham Capital Management L.P. Invests $1.48 Million in Everi Holdings Inc. (NYSE:EVRI)

Graham Capital Management L.P. bought a new position in shares of Everi Holdings Inc. (NYSE:EVRI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 109,332 shares of the credit services provider’s stock, valued at approximately $1,477,000. Graham Capital Management L.P. owned 0.13% of Everi as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of EVRI. Vestcor Inc purchased a new position in shares of Everi during the fourth quarter valued at $28,000. AlphaQuest LLC grew its holdings in shares of Everi by 97.8% during the fourth quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider’s stock valued at $128,000 after buying an additional 4,671 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Everi during the fourth quarter valued at $143,000. Proficio Capital Partners LLC purchased a new position in shares of Everi during the fourth quarter valued at $151,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Everi during the fourth quarter valued at $175,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Insider Transactions at Everi

In related news, Director Geoffrey P. Judge sold 7,332 shares of the business’s stock in a transaction dated 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 owns 84,240 shares of the company’s stock, valued at approximately $1,156,615.20. The trade was a 8.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Todd A. Valli sold 30,000 shares of the business’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $13.75, for a total value of $412,500.00. Following the transaction, the chief accounting officer now directly owns 57,413 shares of the company’s stock, valued at $789,428.75. This represents a 34.32% decrease in their position. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by corporate insiders.

Everi Stock Performance

Shares of NYSE EVRI opened at $14.09 on Tuesday. The business’s 50-day moving average price is $13.72 and its two-hundred day moving average price is $13.60. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. Everi Holdings Inc. has a one year low of $6.37 and a one year high of $14.10. The company has a market capitalization of $1.22 billion, a P/E ratio of 93.94 and a beta of 1.31.

Everi (NYSE:EVRI) last issued its earnings results on Wednesday, May 14th. The credit services provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.15). Everi had a net margin of 1.72% and a return on equity of 5.47%. Analysts anticipate that Everi Holdings Inc. will post 0.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Everi from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.83.

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.