King Luther Capital Management Corp Takes $694,000 Position in EVI Industries, Inc. (NYSEAMERICAN:EVI)

King Luther Capital Management Corp bought a new stake in shares of EVI Industries, Inc. (NYSEAMERICAN:EVI - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 35,909 shares of the industrial products company's stock, valued at approximately $694,000. King Luther Capital Management Corp owned about 0.28% of EVI Industries at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EVI. Gladius Capital Management LP purchased a new stake in EVI Industries during the 2nd quarter valued at $29,000. American International Group Inc. boosted its stake in shares of EVI Industries by 35.6% in the 1st quarter. American International Group Inc. now owns 3,195 shares of the industrial products company's stock worth $80,000 after buying an additional 838 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of EVI Industries by 42.8% in the 1st quarter. BNP Paribas Financial Markets now owns 4,850 shares of the industrial products company's stock worth $121,000 after buying an additional 1,454 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of EVI Industries in the 2nd quarter worth $158,000. Finally, Bard Associates Inc. purchased a new position in shares of EVI Industries in the 3rd quarter worth $223,000. 37.30% of the stock is currently owned by hedge funds and other institutional investors.

EVI Industries Trading Up 5.7 %

NYSEAMERICAN EVI traded up $1.08 during trading hours on Friday, hitting $20.08. 11,349 shares of the company were exchanged, compared to its average volume of 12,581. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.79. EVI Industries, Inc. has a 52 week low of $14.51 and a 52 week high of $27.00. The stock has a market capitalization of $285.74 million, a P/E ratio of 40.16 and a beta of 0.34.

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

EVI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Thursday, September 26th were given a $0.31 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.24 annualized dividend and a dividend yield of 6.18%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded EVI Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, November 19th.

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.