Spark Investment Management LLC lowered its stake in Everi Holdings Inc (NYSE:EVRI) by 11.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 959,600 shares of the credit services provider’s stock after selling 129,200 shares during the period. Spark Investment Management LLC’s holdings in Everi were worth $7,235,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. California State Teachers Retirement System purchased a new stake in Everi in the 2nd quarter valued at approximately $821,000. Monarch Partners Asset Management LLC purchased a new stake in Everi in the 4th quarter valued at approximately $436,000. Wells Fargo & Company MN lifted its stake in Everi by 434.3% in the 2nd quarter. Wells Fargo & Company MN now owns 55,727 shares of the credit services provider’s stock valued at $406,000 after buying an additional 45,297 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Everi by 22.4% in the 3rd quarter. New York State Common Retirement Fund now owns 66,200 shares of the credit services provider’s stock valued at $502,000 after buying an additional 12,100 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Everi by 2,051.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,689 shares of the credit services provider’s stock valued at $377,000 after buying an additional 49,286 shares in the last quarter. 87.35% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Michael D. Rumbolz sold 33,366 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $8.00, for a total value of $266,928.00. Following the completion of the sale, the insider now directly owns 110,302 shares in the company, valued at approximately $882,416. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director E Miles Kilburn sold 150,000 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $8.00, for a total value of $1,200,000.00. Following the completion of the sale, the director now owns 182,186 shares of the company’s stock, valued at $1,457,488. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 192,500 shares of company stock valued at $1,540,000. Insiders own 4.50% of the company’s stock.
Shares of Everi Holdings Inc (NYSE EVRI) opened at $7.53 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of -9.13. Everi Holdings Inc has a twelve month low of $3.14 and a twelve month high of $8.99.
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Everi Company Profile
Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.
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