Glazer Capital LLC Buys Shares of 2,550,000 Everi Holdings Inc. (NYSE:EVRI)

Glazer Capital LLC bought a new stake in shares of Everi Holdings Inc. (NYSE:EVRI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 2,550,000 shares of the credit services provider’s stock, valued at approximately $33,507,000. Everi comprises approximately 2.0% of Glazer Capital LLC’s portfolio, making the stock its 12th largest holding. Glazer Capital LLC owned approximately 2.96% of Everi at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vista Investment Partners LLC bought a new stake in shares of Everi during the 2nd quarter valued at $346,000. Private Capital Management LLC grew its holdings in shares of Everi by 19.8% in the 1st quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock valued at $28,051,000 after buying an additional 461,939 shares during the period. Quest Partners LLC grew its holdings in shares of Everi by 756.2% in the 2nd quarter. Quest Partners LLC now owns 73,920 shares of the credit services provider’s stock valued at $621,000 after buying an additional 65,287 shares during the period. Vanguard Group Inc. grew its holdings in shares of Everi by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider’s stock valued at $74,522,000 after buying an additional 236,652 shares during the period. Finally, Burgundy Asset Management Ltd. grew its holdings in shares of Everi by 1,230.8% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 683,938 shares of the credit services provider’s stock valued at $5,745,000 after buying an additional 632,544 shares during the period. Institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. B. Riley boosted their price target on shares of Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a report on Monday, August 5th. StockNews.com assumed coverage on shares of Everi in a report on Tuesday. They issued a “hold” rating for the company. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.88.

Everi Price Performance

Shares of NYSE EVRI opened at $13.47 on Friday. Everi Holdings Inc. has a 1-year low of $6.37 and a 1-year high of $13.48. The firm has a market cap of $1.16 billion, a PE ratio of 89.77 and a beta of 2.13. The company has a fifty day moving average price of $13.30 and a 200 day moving average price of $11.25. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84.

Insider Buying and Selling

In other Everi news, Director Geoffrey P. Judge sold 16,000 shares of Everi stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $13.37, for a total value of $213,920.00. Following the sale, the director now owns 91,572 shares of the company’s stock, valued at approximately $1,224,317.64. The trade was a 14.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mark F. Labay sold 50,000 shares of Everi stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $13.38, for a total transaction of $669,000.00. Following the completion of the sale, the chief financial officer now directly owns 142,426 shares in the company, valued at approximately $1,905,659.88. This represents a 25.98 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 141,000 shares of company stock worth $1,865,420. 6.40% of the stock is owned by insiders.

About Everi

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.