1,142,769 Shares in Envela Co. (NYSEAMERICAN:ELA) Bought by Mink Brook Asset Management LLC

Mink Brook Asset Management LLC bought a new position in Envela Co. (NYSEAMERICAN:ELA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,142,769 shares of the company's stock, valued at approximately $8,205,000. Envela comprises 7.9% of Mink Brook Asset Management LLC's portfolio, making the stock its 6th biggest holding. Mink Brook Asset Management LLC owned approximately 4.40% of Envela as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Barclays PLC increased its stake in shares of Envela by 113.7% in the third quarter. Barclays PLC now owns 5,025 shares of the company's stock valued at $28,000 after buying an additional 2,674 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Envela by 217.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 38,839 shares of the company's stock valued at $279,000 after buying an additional 26,598 shares during the period. Topline Capital Management LLC acquired a new position in shares of Envela in the fourth quarter valued at approximately $5,418,000. Northern Trust Corp increased its stake in shares of Envela by 67.1% in the fourth quarter. Northern Trust Corp now owns 49,320 shares of the company's stock valued at $354,000 after buying an additional 19,799 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Envela by 72.8% in the fourth quarter. Jane Street Group LLC now owns 30,343 shares of the company's stock valued at $218,000 after buying an additional 12,783 shares during the period. Institutional investors own 8.15% of the company's stock.

Analysts Set New Price Targets

Separately, Lake Street Capital upped their price objective on Envela from $7.00 to $9.00 and gave the company a "buy" rating in a research note on Thursday, May 8th.

Envela Trading Up 2.5%

NYSEAMERICAN:ELA traded up $0.16 on Friday, reaching $6.48. 18,327 shares of the stock traded hands, compared to its average volume of 24,297. The stock has a market capitalization of $168.48 million, a price-to-earnings ratio of 27.00 and a beta of 0.35. The firm has a 50 day moving average of $6.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.76 and a quick ratio of 2.08. Envela Co. has a 1-year low of $4.20 and a 1-year high of $7.88.

Envela Company Profile

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.