Bard Associates Inc. Acquires New Position in EVI Industries, Inc. (NYSEAMERICAN:EVI)

Bard Associates Inc. acquired a new stake in shares of EVI Industries, Inc. (NYSEAMERICAN:EVI) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,349 shares of the industrial products company’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its holdings in shares of EVI Industries by 42.8% in the 1st quarter. BNP Paribas Financial Markets now owns 4,850 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 1,454 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of EVI Industries by 9.0% in the 1st quarter. Vanguard Group Inc. now owns 290,501 shares of the industrial products company’s stock valued at $7,233,000 after purchasing an additional 23,880 shares in the last quarter. American International Group Inc. raised its holdings in shares of EVI Industries by 35.6% in the 1st quarter. American International Group Inc. now owns 3,195 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 838 shares in the last quarter. Comerica Bank raised its holdings in shares of EVI Industries by 53.8% in the 1st quarter. Comerica Bank now owns 73,095 shares of the industrial products company’s stock valued at $1,820,000 after purchasing an additional 25,570 shares in the last quarter. Finally, Swedbank AB bought a new stake in shares of EVI Industries in the 1st quarter valued at about $9,338,000. Institutional investors own 37.30% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of EVI Industries from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

EVI Industries Stock Down 3.0 %

Shares of EVI Industries stock opened at $17.88 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.77 and a debt-to-equity ratio of 0.15. EVI Industries, Inc. has a 52-week low of $14.51 and a 52-week high of $27.00. The company has a market capitalization of $227.79 million, a PE ratio of 35.76 and a beta of 0.34.

EVI Industries (NYSEAMERICAN:EVI) last issued its quarterly earnings data on Thursday, September 12th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter. EVI Industries had a net margin of 2.11% and a return on equity of 5.65%. The firm had revenue of $90.15 million for the quarter.

EVI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Thursday, September 26th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.94%. The ex-dividend date of this dividend was Thursday, September 26th.

About EVI Industries

EVI Industries, Inc, through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications.