Top 5 Stock Picks of Benjamin Natter’s Kent Lake Capital

4. Everi Holdings Inc. (NYSE:EVRI)

Kent Lake Capital’s Stake Value: $11,244,000

Percentage of Kent Lake Capital’s 13F Portfolio: 4.83%

Number of Hedge Fund Holders: 31

Everi Holdings Inc. (NYSE:EVRI) is a Nevada-based company that manufactures slot machines and automated teller machines for casinos, in addition to offering financial services. Benjamin Natter holds an $11.2 million stake in the company, which accounts for 4.83% of Kent Lake Capital’s Q3 investments. 

As of the third quarter of 2021, 31 hedge funds monitored by Insider Monkey’s database of 867 elite funds reported owning stakes in Everi Holdings Inc. (NYSE:EVRI), worth over $300 million. This is compared to the same number of funds in the preceding quarter, with a total stake value of $319 million. Richard Driehaus’ Driehaus Capital is the leading stakeholder of the company, with 1.93 million shares valued at $46.7 million. 

Everi Holdings Inc. (NYSE:EVRI) posted its Q3 results on November 3, with EPS for the quarter being $0.07, beating estimates by $0.03. Revenue for the period totaled $168.3 million, up 50.14% from the prior-year quarter, exceeding estimated revenue by $3.7 million. 

Here is what ClearBridge Investments has to say about Everi Holdings Inc. (NYSE:EVRI) in its Q2 2021 investor letter:

“Our Strategy outperformed with strong results from consumer discretionary stocks like Everi Holdings. Everi Holdings is a provider of casino games, cash access and customer relationship technologies to the gaming industry that outperformed as gaming activity and growth in placement of new games generated strong financial results.”