EP Wealth Advisors LLC Invests $143,000 in Everi Holdings Inc. (NYSE:EVRI)

EP Wealth Advisors LLC purchased a new position in shares of Everi Holdings Inc. (NYSE:EVRI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,619 shares of the credit services provider’s stock, valued at approximately $143,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. lifted its position in Everi by 6.6% in the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock valued at $550,000 after acquiring an additional 2,564 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Everi in the 4th quarter valued at $175,000. SG Americas Securities LLC lifted its position in Everi by 14.8% in the 4th quarter. SG Americas Securities LLC now owns 36,908 shares of the credit services provider’s stock valued at $499,000 after acquiring an additional 4,772 shares in the last quarter. Olympiad Research LP lifted its position in Everi by 8.9% in the 4th quarter. Olympiad Research LP now owns 124,263 shares of the credit services provider’s stock valued at $1,679,000 after acquiring an additional 10,108 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Everi in the 4th quarter valued at $151,000. 95.47% of the stock is owned by institutional investors.

Insider Transactions at Everi

In related news, CAO Todd A. Valli sold 30,000 shares of the company’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $13.75, for a total value of $412,500.00. Following the transaction, the chief accounting officer now owns 57,413 shares in the company, valued at approximately $789,428.75. This represents a 34.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Geoffrey P. Judge sold 7,332 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were 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 in the company, valued at approximately $1,156,615.20. This trade represents a 8.01% decrease in their position. The disclosure for this sale can be found here. 6.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Everi from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Everi currently has a consensus rating of “Hold” and a consensus target price of $12.83.

Everi Stock Up 0.1%

Shares of EVRI stock opened at $14.07 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. Everi Holdings Inc. has a 1 year low of $6.37 and a 1 year high of $14.10. The firm’s fifty day moving average price is $13.74 and its two-hundred day moving average price is $13.61. The firm has a market capitalization of $1.22 billion, a P/E ratio of 93.81 and a beta of 1.31.

Everi (NYSE:EVRI) last issued its quarterly earnings results on Monday, May 12th. The credit services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). Everi had a net margin of 1.72% and a return on equity of 5.47%. The business had revenue of $181.30 million during the quarter, compared to analyst estimates of $193.22 million. On average, equities analysts predict that Everi Holdings Inc. will post 0.25 EPS for the current fiscal year.

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.