Raymond James Financial Inc. Takes Position in Everi Holdings Inc. (NYSE:EVRI)

Raymond James Financial Inc. bought a new position in Everi Holdings Inc. (NYSE:EVRI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 322,792 shares of the credit services provider's stock, valued at approximately $4,361,000. Raymond James Financial Inc. owned 0.37% of Everi at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vestcor Inc bought a new position in shares of Everi during the 4th quarter worth about $28,000. AlphaQuest LLC raised its position in Everi by 97.8% in the fourth quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider's stock worth $128,000 after purchasing an additional 4,671 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Everi during the fourth quarter worth about $151,000. FNY Investment Advisers LLC acquired a new stake in Everi during the fourth quarter valued at approximately $175,000. Finally, Stifel Financial Corp grew its stake in shares of Everi by 12.2% in the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider's stock valued at $172,000 after purchasing an additional 1,423 shares during the period. Institutional investors and hedge funds own 95.47% of the company's stock.

Everi Price Performance

Shares of NYSE EVRI traded down $0.02 during mid-day trading on Thursday, hitting $14.04. 4,184,625 shares of the stock were exchanged, compared to its average volume of 1,316,469. Everi Holdings Inc. has a twelve month low of $6.37 and a twelve month high of $14.06. The stock's fifty day simple moving average is $13.68 and its two-hundred day simple moving average is $13.56. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. The company has a market cap of $1.21 billion, a P/E ratio of 93.57 and a beta of 1.57.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded 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 stock. According to MarketBeat.com, Everi has a consensus rating of "Hold" and a consensus price target of $12.83.

Insider Activity at Everi

In other Everi news, Director Geoffrey P. Judge sold 7,332 shares of the 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 sale, the director now owns 84,240 shares of the company's stock, valued at $1,156,615.20. This represents a 8.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction 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 approximately $789,428.75. This represents a 34.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.40% of the company's stock.

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.