King Luther Capital Management Corp Makes New $694,000 Investment in EVI Industries, Inc. (NYSEAMERICAN:EVI)

King Luther Capital Management Corp acquired a new stake in EVI Industries, Inc. (NYSEAMERICAN:EVI) in the third quarter, Holdings Channel reports. The institutional investor acquired 35,909 shares of the industrial products company’s stock, valued at approximately $694,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EVI. Gladius Capital Management LP purchased a new position in EVI Industries in the 2nd quarter worth approximately $29,000. American International Group Inc. raised its holdings in EVI Industries by 35.6% during the 1st quarter. American International Group Inc. now owns 3,195 shares of the industrial products company’s stock valued at $80,000 after buying an additional 838 shares during the last quarter. BNP Paribas Financial Markets boosted its position in EVI Industries by 42.8% during the 1st quarter. BNP Paribas Financial Markets now owns 4,850 shares of the industrial products company’s stock valued at $121,000 after buying an additional 1,454 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in EVI Industries in the 2nd quarter worth $158,000. Finally, Bard Associates Inc. purchased a new position in shares of EVI Industries in the third quarter valued at about $223,000. Institutional investors own 37.30% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of EVI Industries from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th.

EVI Industries Stock Performance

Shares of EVI Industries stock opened at $20.08 on Friday. The company has a market cap of $285.74 million, a P/E ratio of 40.16 and a beta of 0.34. EVI Industries, Inc. has a 52 week low of $14.51 and a 52 week high of $27.00. The company has a quick ratio of 0.79, a current ratio of 1.44 and a debt-to-equity ratio of 0.15.

EVI Industries (NYSEAMERICAN:EVI) last posted its earnings results on Thursday, September 12th. The industrial products company reported $0.14 EPS for the quarter. EVI Industries had a net margin of 2.11% and a return on equity of 5.65%. The firm had revenue of $90.15 million during the quarter.

EVI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.18%.

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.