Everi Holdings Inc. (EVRI) Files Form 4 Insider Buying : Michael D Rumbolz Buys 25,000 Shares

Everi Holdings Inc. (EVRI): Michael D Rumbolz , CEO of Everi Holdings Inc. purchased 25,000 shares on May 24, 2016. The Insider buying transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were purchased at $1.28 per share for a total value of $32,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 23, 2016, Michael D Rumbolz (CEO) purchased 25,000 shares at $1.21 per share price.On Nov 12, 2015, Geoffrey P Judge (director) purchased 2,500 shares at $3.96 per share price.Also, On Sep 16, 2015, E Miles Kilburn (director) purchased 10,000 shares at $4.97 per share price.On Sep 2, 2015, Edward Adam Peters (EVP, Sales) purchased 6,000 shares at $4.98 per share price.

Company has been under the radar of several Street Analysts.Everi Holdings Inc is Reiterated by Stifel to Buy while Lowering the Price Target of the company shares to $ 3 from a previous price target of $5 . The Rating was issued on May 6, 2016.Everi Holdings Inc is Downgraded by Craig Hallum to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 16, 2016.

Everi Holdings Inc. formerly Global Cash Access Holdings Inc. is a holding company. The Company operates through subsidiaries including Global Cash Access Inc. which provides integrated gaming payments solutions video and mechanical reel gaming content and technology solutions as well as compliance and efficiency software and Multimedia Games Holding Company Inc. which designs manufactures and supplies gaming machines and systems to commercial and Native American casino operators as well as select lottery operators and commercial bingo facility operators. The Company’s segments include Games which provides solutions directly to gaming establishments to offer its patrons gaming entertainment related experiences including leased gaming equipment; sales and maintenance related services of gaming equipment and gaming systems and Payments which provides solutions directly to gaming establishments to offer its patrons cash access related services and products.

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