North Star Investment Management Corp. Takes Position in EVI Industries, Inc. (NYSEAMERICAN:EVI)

North Star Investment Management Corp. bought a new stake in shares of EVI Industries, Inc. (NYSEAMERICAN:EVI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 16,000 shares of the industrial products company's stock, valued at approximately $268,000. North Star Investment Management Corp. owned approximately 0.13% of EVI Industries at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in 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 worth $66,000 after purchasing an additional 3,947 shares in the last quarter. Bank of America Corp DE boosted its stake in EVI Industries by 39.6% in the 4th quarter. Bank of America Corp DE now owns 4,988 shares of the industrial products company's stock worth $82,000 after purchasing an additional 1,416 shares in the last quarter. Rhumbline Advisers boosted its stake in EVI Industries by 21.4% in the 1st quarter. Rhumbline Advisers now owns 5,336 shares of the industrial products company's stock worth $90,000 after purchasing an additional 940 shares in the last quarter. Deutsche Bank AG boosted its stake in EVI Industries by 70.4% in the 4th quarter. Deutsche Bank AG now owns 5,909 shares of the industrial products company's stock worth $97,000 after purchasing an additional 2,441 shares in the last quarter. Finally, Barclays PLC boosted its stake in EVI Industries by 11.7% in the 4th quarter. Barclays PLC now owns 8,091 shares of the industrial products company's stock worth $132,000 after purchasing an additional 847 shares in the last quarter. Institutional investors own 37.30% of the company's stock.

EVI Industries Trading Up 1.7%

NYSEAMERICAN:EVI traded up $0.32 during mid-day trading on Thursday, reaching $18.82. The company's stock had a trading volume of 13,194 shares, compared to its average volume of 16,136. EVI Industries, Inc. has a 12-month low of $14.51 and a 12-month high of $21.81. The firm's fifty day simple moving average is $17.55. The company has a current ratio of 1.51, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $240.14 million, a PE ratio of 38.41 and a beta of -0.01.

Wall Street Analysts Forecast Growth

EVI has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of EVI Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. DA Davidson assumed coverage on shares of EVI Industries in a research note on Friday, June 6th. They issued a "buy" rating and a $28.00 price target on the stock.

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.