GABELLI & Co INVESTMENT ADVISERS INC. Buys 22,964 Shares of Everi Holdings Inc. (NYSE:EVRI)

GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 474,164 shares of the credit services provider's stock after purchasing an additional 22,964 shares during the period. Everi accounts for about 1.1% of GABELLI & Co INVESTMENT ADVISERS INC.'s holdings, making the stock its 25th biggest position. GABELLI & Co INVESTMENT ADVISERS INC. owned approximately 0.55% of Everi worth $6,406,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System boosted its holdings in shares of Everi by 3.2% in the 4th quarter. Arizona State Retirement System now owns 24,974 shares of the credit services provider's stock worth $337,000 after buying an additional 765 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Everi by 12.2% during the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider's stock worth $172,000 after purchasing an additional 1,423 shares during the last quarter. Vestcor Inc bought a new stake in shares of Everi in the 4th quarter worth approximately $28,000. Franklin Resources Inc. lifted its stake in Everi by 6.6% in the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider's stock valued at $550,000 after purchasing an additional 2,564 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Everi by 1.2% in the fourth quarter. Nordea Investment Management AB now owns 295,960 shares of the credit services provider's stock worth $3,995,000 after buying an additional 3,573 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Everi

In related news, Director Geoffrey P. Judge sold 7,332 shares of the firm'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 transaction, the director now directly owns 84,240 shares of the company's stock, valued at approximately $1,156,615.20. This trade represents a 8.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 6.40% of the stock is owned by insiders.

Everi Price Performance

Everi stock traded up $0.03 during mid-day trading on Friday, hitting $13.78. 1,197,461 shares of the company traded hands, compared to its average volume of 1,284,842. The stock has a fifty day moving average price of $13.66 and a 200-day moving average price of $13.52. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 91.84 and a beta of 1.57. Everi Holdings Inc. has a one year low of $6.37 and a one year high of $13.83. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Everi from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $12.83.

Everi 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.