4,593 Shares in Everi Holdings Inc. (NYSE:EVRI) Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC purchased a new stake in Everi Holdings Inc. (NYSE:EVRI) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 4,593 shares of the credit services provider’s stock, valued at approximately $52,000.

Several other institutional investors have also added to or reduced their stakes in EVRI. Principal Financial Group Inc. acquired a new position in shares of Everi in the 3rd quarter valued at $136,000. AXQ Capital LP acquired a new position in shares of Everi in the third quarter valued at about $142,000. Oak Thistle LLC acquired a new stake in shares of Everi during the fourth quarter worth about $124,000. Campbell & CO Investment Adviser LLC boosted its position in Everi by 12.3% in the third quarter. Campbell & CO Investment Adviser LLC now owns 11,462 shares of the credit services provider’s stock valued at $152,000 after buying an additional 1,256 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in Everi in the 3rd quarter worth approximately $157,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Everi Price Performance

Shares of NYSE EVRI opened at $8.38 on Monday. The company has a debt-to-equity ratio of 4.28, a quick ratio of 0.97 and a current ratio of 1.05. The firm has a fifty day moving average of $9.63 and a 200 day moving average of $10.48. The firm has a market cap of $702.08 million, a PE ratio of 9.31 and a beta of 2.05. Everi Holdings Inc. has a one year low of $8.21 and a one year high of $17.85.

Everi (NYSE:EVRI) last released its earnings results on Thursday, February 29th. The credit services provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.19). The company had revenue of $192.00 million for the quarter, compared to analysts’ expectations of $200.99 million. Everi had a return on equity of 42.93% and a net margin of 10.40%. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. As a group, research analysts predict that Everi Holdings Inc. will post 0.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $13.00 price objective (down from $18.00) on shares of Everi in a report on Friday, March 1st. Truist Financial lowered their price target on shares of Everi from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. StockNews.com cut shares of Everi from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, B. Riley initiated coverage on shares of Everi in a research note on Friday, April 5th. They set a “neutral” rating and a $12.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.20.

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.