Clark Estates Inc. NY Sells 64,500 Shares of Everi Holdings Inc. (NYSE:EVRI)

Clark Estates Inc. NY trimmed its position in shares of Everi Holdings Inc. (NYSE:EVRI) by 16.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 317,250 shares of the credit services provider’s stock after selling 64,500 shares during the period. Everi comprises 0.8% of Clark Estates Inc. NY’s investment portfolio, making the stock its 20th largest position. Clark Estates Inc. NY’s holdings in Everi were worth $4,169,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EVRI. Vista Investment Partners LLC bought a new position in shares of Everi during the 2nd quarter valued at $346,000. Private Capital Management LLC lifted its stake in Everi by 19.8% in the first quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock worth $28,051,000 after purchasing an additional 461,939 shares during the last quarter. Quest Partners LLC boosted its position in Everi by 756.2% during the second 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 stake in shares of Everi by 3.3% during the first 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 last quarter. Finally, BOKF NA increased its holdings in shares of Everi by 352.7% in the first quarter. BOKF NA now owns 27,984 shares of the credit services provider’s stock worth $284,000 after buying an additional 21,802 shares during the period. Institutional investors own 95.47% of the company’s stock.

Insider Buying and Selling at Everi

In related news, Director Geoffrey P. Judge sold 16,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $13.37, for a total value of $213,920.00. Following the completion of the transaction, the director now directly owns 91,572 shares in the company, valued at $1,224,317.64. The trade was a 14.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark F. Labay sold 50,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $13.38, for a total value of $669,000.00. Following the sale, the chief financial officer now owns 142,426 shares in the company, valued at approximately $1,905,659.88. This represents a 25.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 141,000 shares of company stock worth $1,865,420. 6.40% of the stock is owned by insiders.

Everi Price Performance

Shares of NYSE EVRI opened at $13.48 on Wednesday. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. The company has a 50 day simple moving average of $13.27 and a two-hundred day simple moving average of $11.14. Everi Holdings Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $13.48. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 89.87 and a beta of 2.13.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EVRI shares. Stifel Nicolaus restated a “hold” rating and set a $14.25 price target (up from $11.00) on shares of Everi in a research report on Wednesday, July 31st. B. Riley raised their target price on shares of Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a report on Monday, August 5th. Finally, StockNews.com assumed coverage on shares of Everi in a report on Tuesday. They set a “hold” rating for the company. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Everi currently has an average rating of “Hold” and a consensus price target of $12.88.

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.