Royce & Associates Amends EVI Industries Stake (SC 13G/A)
Ticker: EVI · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 65312
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, investor-update
TL;DR
**Royce & Associates still owns EVI stock, signaling continued institutional interest.**
AI Summary
Royce & Associates, LP, a New York-based investment firm, filed an amended Schedule 13G/A on January 23, 2024, indicating their ownership of EVI Industries, Inc. (EVI) common stock as of December 31, 2023. This filing is an amendment (Amendment No. 3), meaning Royce & Associates has previously reported their stake and is updating their position. For investors, this matters because it shows a significant institutional investor continues to hold a position in EVI, potentially signaling confidence in the company's long-term prospects, even if their exact stake size isn't detailed in this snippet.
Why It Matters
This filing confirms that a notable institutional investor, Royce & Associates, LP, maintains a position in EVI Industries, Inc., which can influence investor sentiment and perception of the stock's stability.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, indicating ongoing ownership rather than a new, volatile event.
Analyst Insight
Investors should note that a prominent institutional investor, Royce & Associates, LP, maintains a position in EVI Industries, Inc. This suggests continued institutional confidence, but further research into Royce's investment thesis and EVI's fundamentals would be prudent before making investment decisions.
Key Numbers
- 26929N102 — CUSIP Number (identifies EVI Industries, Inc. Common Stock)
- 0000906304-24-000009 — Accession Number (unique identifier for this specific SEC filing)
- Amendment No.3 — Filing Amendment Number (indicates this is the third amendment to a previous 13G filing by Royce & Associates)
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person and institutional investor
- EVI Industries, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
- 52-2343049 (number) — IRS Identification No. of Royce & Associates, LP
Forward-Looking Statements
- Royce & Associates, LP will continue to hold a significant stake in EVI Industries, Inc. for the foreseeable future. (Royce & Associates, LP) — medium confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, as stated in the 'FORM TYPE: SC 13G/A' and 'Amendment No.3' sections.
Who is the reporting person in this filing?
The reporting person is Royce & Associates, LP, as clearly identified under 'NAME OF REPORTING PERSON' and 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ROYCE & ASSOCIATES LP'.
What is the subject company whose securities are being reported?
The subject company is EVI Industries, Inc., as indicated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EVI INDUSTRIES, INC.' and 'Name of Issuer'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of EVI Industries, Inc. is 26929N102, as listed under 'CUSIP Number' on the cover page.
When was the event date that triggered this filing?
The date of the event which requires the filing of this statement was December 31, 2023, as specified under 'Date of Event Which Requires Filing of this Statement: December 31, 2023'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding EVI INDUSTRIES, INC. (EVI).