11,664 Shares in EVI Industries, Inc. (NYSEAMERICAN:EVI) Acquired by Bailard Inc.

Bailard Inc. acquired a new stake in shares of EVI Industries, Inc. (NYSEAMERICAN:EVI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,664 shares of the industrial products company's stock, valued at approximately $196,000. Bailard Inc. owned about 0.09% of EVI Industries at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in EVI Industries by 23.4% during the first quarter. Bank of New York Mellon Corp now owns 13,217 shares of the industrial products company's stock worth $222,000 after purchasing an additional 2,507 shares during the last quarter. Conestoga Capital Advisors LLC boosted its holdings in EVI Industries by 2.9% during the first quarter. Conestoga Capital Advisors LLC now owns 811,660 shares of the industrial products company's stock worth $13,620,000 after purchasing an additional 23,044 shares during the last quarter. North Star Investment Management Corp. purchased a new position in EVI Industries during the first quarter worth about $268,000. Rhumbline Advisers boosted its holdings in EVI Industries by 21.4% during the first quarter. Rhumbline Advisers now owns 5,336 shares of the industrial products company's stock worth $90,000 after purchasing an additional 940 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in EVI Industries by 30,361.5% in the first quarter. GAMMA Investing LLC now owns 3,960 shares of the industrial products company's stock valued at $66,000 after acquiring an additional 3,947 shares during the last quarter. 37.30% of the stock is currently owned by institutional investors and hedge funds.

EVI Industries Trading Down 3.0%

Shares of NYSEAMERICAN EVI traded down $0.76 during midday trading on Friday, hitting $24.20. The company's stock had a trading volume of 4,079 shares, compared to its average volume of 23,047. The company's fifty day simple moving average is $21.09. EVI Industries, Inc. has a one year low of $14.51 and a one year high of $27.69. The company has a quick ratio of 0.86, a current ratio of 1.51 and a debt-to-equity ratio of 0.17. The stock has a market cap of $308.79 million, a price-to-earnings ratio of 49.39 and a beta of 0.03.

Analyst Ratings Changes

A number of research firms have weighed in on EVI. DA Davidson began coverage on shares of EVI Industries in a research note on Friday, June 6th. They issued a "buy" rating and a $28.00 target price on the stock. Wall Street Zen upgraded shares of EVI Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th.

EVI Industries Company Profile

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.