FNY Investment Advisers LLC Has $1.54 Million Stake in Everi Holdings Inc. (NYSE:EVRI)

FNY Investment Advisers LLC increased its holdings in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 769.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,000 shares of the credit services provider's stock after purchasing an additional 100,000 shares during the quarter. Everi accounts for approximately 0.9% of FNY Investment Advisers LLC's portfolio, making the stock its 25th biggest position. FNY Investment Advisers LLC owned about 0.13% of Everi worth $1,544,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EVRI. Vestcor Inc purchased a new position in Everi during the 4th quarter valued at about $28,000. AlphaQuest LLC boosted its stake in shares of Everi by 97.8% in the 4th 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 during the period. EP Wealth Advisors LLC acquired a new stake in shares of Everi during the 4th quarter worth about $143,000. Proficio Capital Partners LLC acquired a new stake in shares of Everi during the 4th quarter worth about $151,000. Finally, GAMMA Investing LLC raised its position in shares of Everi by 1,267.0% during the 1st quarter. GAMMA Investing LLC now owns 17,662 shares of the credit services provider's stock worth $241,000 after acquiring an additional 16,370 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Todd A. Valli sold 30,000 shares of the business's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $13.75, for a total transaction of $412,500.00. Following the sale, the chief accounting officer now directly owns 57,413 shares of the company's stock, valued at $789,428.75. The trade was a 34.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.60% of the stock is currently owned by insiders.

Everi Stock Up 0.4%

Shares of EVRI stock traded up $0.06 during trading hours on Tuesday, reaching $14.23. The company had a trading volume of 2,028,702 shares, compared to its average volume of 1,295,550. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.00 and a current ratio of 1.08. Everi Holdings Inc. has a twelve month low of $7.86 and a twelve month high of $14.23. The company has a market capitalization of $1.24 billion, a P/E ratio of 88.94 and a beta of 1.22. The stock's fifty day simple moving average is $14.00 and its 200 day simple moving average is $13.74.

Everi (NYSE:EVRI - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The credit services provider reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.07). The business had revenue of $181.30 million during the quarter, compared to analysts' expectations of $193.22 million. Everi had a net margin of 1.92% and a return on equity of 5.66%. As a group, sell-side analysts expect that Everi Holdings Inc. will post 0.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

About Everi

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.