Polar Asset Management Partners Inc. purchased a new stake in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 350,000 shares of the credit services provider's stock, valued at approximately $4,728,000. Polar Asset Management Partners Inc. owned about 0.41% of Everi as of its most recent SEC filing.

• Major Gaming Stock to Watch: Why It's a Safe Bet Now

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vestcor Inc acquired a new position in Everi during the fourth quarter valued at approximately $28,000. AlphaQuest LLC grew its holdings in 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 purchasing an additional 4,671 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in Everi during the fourth quarter valued at approximately $143,000. Proficio Capital Partners LLC acquired a new position in Everi during the fourth quarter valued at approximately $151,000. Finally, Trans Canada Capital Inc. acquired a new position in Everi during the fourth quarter valued at approximately $253,000. Institutional investors and hedge funds own 95.47% of the company's stock.

Everi Stock Up 0.2%

EVRI opened at $14.12 on Monday. Everi Holdings Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $14.12. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. The firm's fifty day moving average price is $13.80 and its two-hundred day moving average price is $13.65. The company has a market capitalization of $1.23 billion, a P/E ratio of 94.11 and a beta of 1.31.

• International Game Technology Isn’t Playing Games With Guidance

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

Insiders Place Their Bets

In related news, Director Geoffrey P. Judge sold 7,332 shares of Everi stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $13.73, for a total value of $100,668.36. Following the completion of the transaction, the director now directly owns 84,240 shares of the company's stock, valued at $1,156,615.20. The trade was a 8.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Todd A. Valli sold 30,000 shares of Everi 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.40% of the company's stock.

Analyst Ratings Changes

• Everi Holdings NYSE: EVRI Stock is an Under the Radar iGaming Play

Separately, Wall Street Zen upgraded Everi from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $12.83.

View Our Latest Stock 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.

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Want to see what other hedge funds are holding EVRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Everi Holdings Inc. (NYSE:EVRI - Free Report).

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