683 Capital Management LLC bought a new position in Envela Co. (NYSEAMERICAN:ELA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 53,777 shares of the company's stock, valued at approximately $386,000. 683 Capital Management LLC owned about 0.21% of Envela as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Topline Capital Management LLC purchased a new stake in Envela in the fourth quarter valued at $5,418,000. Arrowstreet Capital Limited Partnership lifted its stake in Envela by 217.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 38,839 shares of the company's stock worth $279,000 after acquiring an additional 26,598 shares during the last quarter. Northern Trust Corp grew its stake in shares of Envela by 67.1% during the fourth quarter. Northern Trust Corp now owns 49,320 shares of the company's stock worth $354,000 after purchasing an additional 19,799 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Envela by 72.8% in the 4th quarter. Jane Street Group LLC now owns 30,343 shares of the company's stock valued at $218,000 after acquiring an additional 12,783 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Envela by 113.7% during the 3rd quarter. Barclays PLC now owns 5,025 shares of the company's stock worth $28,000 after buying an additional 2,674 shares during the last quarter. Institutional investors and hedge funds own 8.15% of the company's stock.
Envela Stock Performance
ELA traded up $0.02 during trading on Thursday, reaching $6.44. The company's stock had a trading volume of 10,507 shares, compared to its average volume of 24,102. The company has a market capitalization of $167.47 million, a P/E ratio of 26.84 and a beta of 0.35. Envela Co. has a 52-week low of $4.20 and a 52-week high of $7.88. The firm has a fifty day moving average of $6.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.76 and a quick ratio of 2.08.
About Envela
(
Free Report)
Envela Corporation, together with its subsidiaries, operates in the re-commerce sector in the United States. The company operates through two segments, Commercial-Services and Direct-To-Consumer. It provides end-of-life asset recycling; data destruction and IT asset management; and products, services, and solutions to industrial and commercial companies, as well as operates as a re-commerce retailers of luxury hard assets.
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