Olympiad Research LP Acquires 10,108 Shares of Everi Holdings Inc. (NYSE:EVRI)

Olympiad Research LP grew its holdings in shares of Everi Holdings Inc. (NYSE:EVRI) by 8.9% during the fourth quarter, Holdings Channel reports. The firm owned 124,263 shares of the credit services provider’s stock after acquiring an additional 10,108 shares during the quarter. Everi comprises 1.7% of Olympiad Research LP’s portfolio, making the stock its 9th largest holding. Olympiad Research LP’s holdings in Everi were worth $1,679,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of EVRI. Glazer Capital LLC acquired a new stake in shares of Everi during the third quarter worth $33,507,000. Alpine Associates Management Inc. acquired a new stake in shares of Everi in the 3rd quarter worth about $24,815,000. Westchester Capital Management LLC acquired a new stake in shares of Everi in the 3rd quarter worth about $16,662,000. Sand Grove Capital Management LLP acquired a new stake in shares of Everi in the 3rd quarter worth about $15,806,000. Finally, Centiva Capital LP increased its holdings in shares of Everi by 428.4% in the 3rd quarter. Centiva Capital LP now owns 425,000 shares of the credit services provider’s stock worth $5,584,000 after acquiring an additional 344,573 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Everi

In other Everi news, CFO Mark F. Labay sold 50,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $13.38, for a total transaction of $669,000.00. Following the transaction, the chief financial officer now owns 142,426 shares of the company’s stock, valued at approximately $1,905,659.88. This trade represents a 25.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Geoffrey P. Judge sold 4,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $13.50, for a total transaction of $54,000.00. Following the transaction, the director now directly owns 91,572 shares in the company, valued at approximately $1,236,222. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 239,476 shares of company stock valued at $3,221,716. Company insiders own 6.40% of the company’s stock.

Everi Stock Down 0.0 %

EVRI stock opened at $13.80 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. Everi Holdings Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $13.83. The firm’s 50-day simple moving average is $13.60 and its 200 day simple moving average is $13.35. The stock has a market cap of $1.19 billion, a PE ratio of 91.97 and a beta of 2.05.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Everi in a report on Saturday. They issued a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average target price of $12.88.

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.