Bailard Inc. Takes Position in EVI Industries, Inc. (NYSEAMERICAN:EVI)

Bailard Inc. bought a new stake in EVI Industries, Inc. (NYSEAMERICAN:EVI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,664 shares of the industrial products company's stock, valued at approximately $196,000. Bailard Inc. owned 0.09% of EVI Industries at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 3,947 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of EVI Industries by 39.6% in the fourth quarter. Bank of America Corp DE now owns 4,988 shares of the industrial products company's stock valued at $82,000 after buying an additional 1,416 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of 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 buying an additional 940 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of EVI Industries by 70.4% in the fourth quarter. Deutsche Bank AG now owns 5,909 shares of the industrial products company's stock valued at $97,000 after buying an additional 2,441 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of EVI Industries by 11.7% in the fourth quarter. Barclays PLC now owns 8,091 shares of the industrial products company's stock valued at $132,000 after buying an additional 847 shares in the last quarter. Institutional investors and hedge funds own 37.30% of the company's stock.

EVI Industries Trading Down 0.1%

Shares of NYSEAMERICAN:EVI traded down $0.04 on Thursday, hitting $23.75. The company had a trading volume of 3,920 shares, compared to its average volume of 16,738. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 1.51. EVI Industries, Inc. has a 52-week low of $14.51 and a 52-week high of $27.69. The business has a 50 day moving average of $20.83. The firm has a market capitalization of $302.99 million, a P/E ratio of 48.46 and a beta of 0.03.

Wall Street Analysts Forecast Growth

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

EVI Industries 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.