Wolverine Asset Management LLC Invests $52,000 in Everi Holdings Inc. (NYSE:EVRI)

Wolverine Asset Management LLC acquired a new stake in shares of Everi Holdings Inc. (NYSE:EVRI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,593 shares of the credit services provider’s stock, valued at approximately $52,000.

Other institutional investors have also added to or reduced their stakes in the company. Oak Thistle LLC bought a new stake in shares of Everi during the 4th quarter worth $124,000. Principal Financial Group Inc. bought a new position in shares of Everi during the 3rd quarter valued at about $136,000. AXQ Capital LP purchased a new position in shares of Everi during the 3rd quarter valued at about $142,000. Campbell & CO Investment Adviser LLC lifted its position in Everi by 12.3% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 11,462 shares of the credit services provider’s stock worth $152,000 after buying an additional 1,256 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in Everi during the third quarter valued at approximately $157,000. 95.47% of the stock is currently owned by institutional investors.

Everi Stock Performance

Shares of EVRI stock opened at $8.38 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.05 and a debt-to-equity ratio of 4.28. The stock has a fifty day moving average of $9.63 and a 200 day moving average of $10.48. The firm has a market capitalization of $702.08 million, a price-to-earnings ratio of 9.31 and a beta of 2.05. Everi Holdings Inc. has a 52 week low of $8.21 and a 52 week high of $17.85.

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

Analyst Upgrades and Downgrades

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