Seven Six Capital Management LLC Invests $3.32 Million in Everi Holdings Inc. (NYSE:EVRI)

Seven Six Capital Management LLC purchased a new stake in Everi Holdings Inc. (NYSE:EVRI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 245,586 shares of the credit services provider's stock, valued at approximately $3,318,000. Everi accounts for about 2.9% of Seven Six Capital Management LLC's investment portfolio, making the stock its 17th biggest holding. Seven Six Capital Management LLC owned about 0.28% of Everi at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EVRI. Franklin Resources Inc. raised its holdings in shares of 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. Proficio Capital Partners LLC bought a new position in shares of Everi during the 4th quarter worth approximately $151,000. Raymond James Financial Inc. purchased a new position in shares of Everi in the 4th quarter worth approximately $4,361,000. Schonfeld Strategic Advisors LLC grew its holdings in shares of Everi by 179.9% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 468,912 shares of the credit services provider's stock valued at $6,335,000 after acquiring an additional 301,354 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Everi by 14.8% during the fourth 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 during the last quarter. Institutional investors own 95.47% of the company's stock.

Everi Price Performance

Shares of EVRI stock traded up $0.03 during trading hours on Tuesday, reaching $14.10. The stock had a trading volume of 940,973 shares, compared to its average volume of 1,328,641. The stock's fifty day simple moving average is $13.77 and its 200 day simple moving average is $13.63. 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 12 month low of $6.37 and a 12 month high of $14.11. The firm has a market capitalization of $1.22 billion, a PE ratio of 94.01 and a beta of 1.31.

Everi (NYSE:EVRI - Get Free Report) last announced its 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 company had revenue of $181.30 million for the quarter, compared to the consensus estimate of $193.22 million. On average, equities research analysts predict that Everi Holdings Inc. will post 0.25 EPS for the current year.

Analyst Ratings Changes

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

Insider Transactions at Everi

In related news, CAO Todd A. Valli sold 30,000 shares of Everi stock in a transaction on 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 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 filing with the Securities & Exchange Commission, which is available through this link. Also, Director Geoffrey P. Judge sold 7,332 shares of the business's stock in a transaction on Monday, March 10th. The shares were 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 in the company, valued at approximately $1,156,615.20. The trade was a 8.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.40% of the company's stock.

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.