EVI Industries, Inc. (NYSEAMERICAN:EVI) Director Glen Kruger Sells 500 Shares

EVI Industries, Inc. (NYSEAMERICAN:EVI) Director Glen Kruger sold 500 shares of EVI Industries stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $24.24, for a total transaction of $12,120.00. Following the completion of the sale, the director now directly owns 9,186 shares in the company, valued at approximately $222,668.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

EVI Industries Stock Up 2.8 %

Shares of EVI stock opened at $19.15 on Friday. The stock has a market capitalization of $242.82 million, a price-to-earnings ratio of 50.39 and a beta of 0.34. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.77 and a current ratio of 1.46. EVI Industries, Inc. has a 52 week low of $14.51 and a 52 week high of $28.65.

EVI Industries (NYSEAMERICAN:EVI) last announced its quarterly earnings data 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 1.60% and a return on equity of 4.22%.

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. This represents a $1.24 annualized dividend and a dividend yield of 6.48%. The ex-dividend date was Thursday, September 26th.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of EVI Industries from a “hold” rating to a “buy” rating in a research report on Friday.

Institutional Trading of EVI Industries

Several hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new stake in shares of EVI Industries in the second quarter valued at approximately $158,000. Renaissance Technologies LLC increased its holdings in EVI Industries by 18.7% during the 2nd quarter. Renaissance Technologies LLC now owns 13,765 shares of the industrial products company’s stock worth $260,000 after acquiring an additional 2,168 shares during the period. Conestoga Capital Advisors LLC increased its holdings in EVI Industries by 18.3% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 765,651 shares of the industrial products company’s stock worth $14,486,000 after acquiring an additional 118,490 shares during the period. Bank of New York Mellon Corp increased its holdings in EVI Industries by 7.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 21,499 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 1,422 shares during the period. Finally, Raymond James & Associates increased its holdings in EVI Industries by 2.7% during the 2nd quarter. Raymond James & Associates now owns 188,083 shares of the industrial products company’s stock worth $3,559,000 after acquiring an additional 4,918 shares during the period. Institutional investors own 37.30% of the company’s 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.