5 Best Small-Cap Casino Stocks Hedge Funds Are Buying

1. Everi Holdings Inc. (NYSE:EVRI)

Market Capitalization as of October 4: $1.12 billion

Number of Hedge Fund Holders: 33

Everi Holdings Inc. (NYSE:EVRI), previously known as Global Cash Access Holdings, Inc., is a Nevada-based company located in Spring Valley. The company manufactures slot machines and offers financial equipment and services to casinos. Everi Holdings Inc. operates through two primary segments: Games and Financial Technology Solutions (FinTech).

Everi Holdings Inc. (NYSE:EVRI) released its second-quarter results on August 9. Revenues showed a 6% increase, reaching $208.7 million, compared to $197.2 million in the previous year. Within the FinTech segment, revenues experienced a 13% growth, totaling $95.6 million, driven by a 26% increase in software and other revenues, a 9% rise in financial access revenues, and a 6% increase in hardware revenues. In the Games segment, revenues saw a 1% rise, reaching $113.1 million, with a 5% increase in gaming operations.

At the close of the second quarter of 2023, 33 hedge funds disclosed positions in Everi Holdings Inc. (NYSE:EVRI) worth $190.48 million. Among the hedge funds being tracked by Insider Monkey, Jeffrey Jacobowitz’s Simcoe Capital Management is the most prominent shareholder in the company, owning over 3.98 million shares.

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