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

Aristides Capital LLC acquired a new position in shares of EVI Industries, Inc. (NYSEAMERICAN:EVI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,872 shares of the industrial products company’s stock, valued at approximately $862,000. Aristides Capital LLC owned about 0.33% of EVI Industries at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in EVI Industries by 45.2% during the third quarter. BNP Paribas Financial Markets now owns 1,577 shares of the industrial products company’s stock worth $50,000 after buying an additional 491 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of EVI Industries by 237.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,001 shares of the industrial products company’s stock valued at $44,000 after buying an additional 1,408 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 buying an additional 829 shares during the period. Deutsche Bank AG raised its stake in EVI Industries by 17.5% during the 4th quarter. Deutsche Bank AG now owns 4,017 shares of the industrial products company’s stock worth $99,000 after buying an additional 597 shares during the period. Finally, Bank of America Corp DE lifted its holdings 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 acquiring an additional 1,416 shares in the last quarter. Institutional investors own 37.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

EVI Industries Stock Down 0.9%

NYSEAMERICAN:EVI opened at $14.27 on Friday. EVI Industries, Inc. has a twelve month low of $14.06 and a twelve month high of $34.82. The firm has a market capitalization of $183.65 million, a price-to-earnings ratio of 31.71 and a beta of 0.07. The company has a quick ratio of 0.76, a current ratio of 1.60 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average price is $16.39 and its two-hundred day moving average price is $19.82.

EVI Industries (NYSEAMERICAN:EVI) last released its quarterly earnings data on Monday, May 11th. The industrial products company reported $0.05 EPS 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 analyst estimates 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.