Topline Capital Management LLC Acquires Shares of 754,603 Envela Co. (NYSEAMERICAN:ELA)

Topline Capital Management LLC bought a new stake in Envela Co. (NYSEAMERICAN:ELA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 754,603 shares of the company's stock, valued at approximately $5,418,000. Envela comprises approximately 1.0% of Topline Capital Management LLC's portfolio, making the stock its 19th biggest holding. Topline Capital Management LLC owned about 2.90% of Envela at the end of the most recent quarter.

Separately, Arrowstreet Capital Limited Partnership raised its position 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 purchasing an additional 26,598 shares during the period. Hedge funds and other institutional investors own 8.15% of the company's stock.

Envela Stock Performance

NYSEAMERICAN ELA traded down $0.32 during trading on Wednesday, hitting $6.47. The company's stock had a trading volume of 3,556 shares, compared to its average volume of 24,279. Envela Co. has a 52 week low of $4.20 and a 52 week high of $7.88. The company has a market cap of $168.22 million, a P/E ratio of 26.96 and a beta of 0.35. The company has a quick ratio of 2.08, a current ratio of 4.76 and a debt-to-equity ratio of 0.25.

Envela 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.