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

Bard Associates Inc. acquired a new stake in shares of EVI Industries, Inc. (NYSEAMERICAN:EVI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,349 shares of the industrial products company’s stock, valued at approximately $223,000. Bard Associates Inc. owned 0.09% of EVI Industries as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EVI. Gladius Capital Management LP bought a new position in EVI Industries in the second quarter worth approximately $29,000. American International Group Inc. raised its position in EVI Industries by 35.6% in the first quarter. American International Group Inc. now owns 3,195 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 838 shares during the period. BNP Paribas Financial Markets raised its position in EVI Industries by 42.8% in the first quarter. BNP Paribas Financial Markets now owns 4,850 shares of the industrial products company’s stock worth $121,000 after acquiring an additional 1,454 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in EVI Industries in the second quarter worth approximately $158,000. Finally, Renaissance Technologies LLC raised its position in EVI Industries by 18.7% in the second quarter. Renaissance Technologies LLC now owns 13,765 shares of the industrial products company’s stock worth $260,000 after acquiring an additional 2,168 shares during the period. Institutional investors own 37.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

EVI Industries Price Performance

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

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

EVI Industries Dividend Announcement

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

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.