41,872 Shares in EVI Industries, Inc. $EVI Purchased by Aristides Capital LLC

Aristides Capital LLC acquired a new position in EVI Industries, Inc. (NYSEAMERICAN:EVI) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 41,872 shares of the industrial products company’s stock, valued at approximately $862,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE lifted its position in EVI Industries by 39.6% during the fourth quarter. Bank of America Corp DE now owns 4,988 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 1,416 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of EVI Industries by 27.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,814 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 829 shares in the last quarter. Rhumbline Advisers increased its stake in EVI Industries by 21.4% in the first quarter. Rhumbline Advisers now owns 5,336 shares of the industrial products company’s stock valued at $90,000 after acquiring an additional 940 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in EVI Industries by 237.4% during the second quarter. Tower Research Capital LLC TRC now owns 2,001 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 1,408 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of EVI Industries by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 104,380 shares of the industrial products company’s stock valued at $3,300,000 after purchasing an additional 852 shares in the last quarter. 37.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, DA Davidson reissued a “buy” rating and set a $32.00 target price on shares of EVI Industries in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $32.00.

EVI Industries Stock Performance

NYSEAMERICAN:EVI opened at $14.27 on Friday. EVI Industries, Inc. has a fifty-two week low of $14.06 and a fifty-two week high of $34.82. The company has a 50 day simple moving average of $16.39 and a two-hundred day simple moving average of $19.82. The company has a market capitalization of $183.65 million, a PE ratio of 31.71 and a beta of 0.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 1.60.

EVI Industries (NYSEAMERICAN:EVI) last released its quarterly earnings data on Monday, May 11th. The industrial products company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.11). The company had revenue of $101.13 million during the quarter, compared to the consensus estimate of $111.30 million. EVI Industries had a net margin of 1.63% and a return on equity of 4.92%.

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. It offers washroom equipment, such as washers and dryers, tunnel systems, and vended machines; finishing equipment comprising sheet feeders, flatwork ironers, automatic sheet folders, and stackers; and material handling equipment, including conveyor and rail systems.