Conestoga Capital Advisors LLC Raises Stake in EVI Industries, Inc. $EVI

Key Points

• Conestoga Capital Advisors LLC increased its stake in EVI Industries by 2.7%, owning 833,551 shares valued at approximately $18.2 million as of the latest SEC filing.
• EVI Industries recently declared a special dividend of $0.33 per share, which was paid on October 6th to shareholders recorded on September 25th.
• Analysts have set a price objective of $33.00 for EVI Industries, with a consensus rating of "Buy" from equities research analysts.

Conestoga Capital Advisors LLC raised its stake in EVI Industries, Inc. (NYSEAMERICAN:EVI - Free Report) by 2.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 833,551 shares of the industrial products company's stock after acquiring an additional 21,891 shares during the quarter. Conestoga Capital Advisors LLC owned approximately 6.53% of EVI Industries worth $18,196,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EVI. SVB Wealth LLC purchased a new position in shares of EVI Industries during the 1st quarter worth $25,000. Corebridge Financial Inc. grew its stake in shares of EVI Industries by 24.9% in the 1st quarter. Corebridge Financial Inc. now owns 3,206 shares of the industrial products company's stock valued at $54,000 after purchasing an additional 639 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of EVI Industries by 5,337.1% in the 1st quarter. Russell Investments Group Ltd. now owns 3,371 shares of the industrial products company's stock valued at $57,000 after purchasing an additional 3,309 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of EVI Industries by 27.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,814 shares of the industrial products company's stock valued at $64,000 after buying an additional 829 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of EVI Industries by 30,361.5% in the 1st 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 during the period. 37.30% of the stock is owned by institutional investors and hedge funds.

EVI Industries Price Performance

Shares of NYSEAMERICAN EVI opened at $27.52 on Monday. EVI Industries, Inc. has a 1-year low of $14.99 and a 1-year high of $34.82. The business has a 50-day moving average of $28.21 and a 200-day moving average of $22.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.53 and a quick ratio of 0.84. The company has a market capitalization of $351.16 million, a price-to-earnings ratio of 56.16 and a beta of 0.07.

EVI Industries Announces Dividend

The company also recently declared a special dividend, which was paid on Monday, October 6th. Investors of record on Thursday, September 25th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, September 25th.

Analysts Set New Price Targets

Separately, DA Davidson set a $33.00 price objective on EVI Industries in a report on Tuesday, September 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $33.00.

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.

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