Barclays PLC lifted its holdings in shares of Envela Co. (NYSEAMERICAN:ELA – Free Report) by 113.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 5,025 shares of the company’s stock after acquiring an additional 2,674 shares during the period. Barclays PLC’s holdings in Envela were worth $28,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in ELA. Cubist Systematic Strategies LLC acquired a new position in Envela during the second quarter worth approximately $42,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Envela during the 2nd quarter valued at $50,000. US Bancorp DE acquired a new stake in shares of Envela during the 3rd quarter worth $339,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Envela by 11.8% during the 2nd quarter. Renaissance Technologies LLC now owns 195,428 shares of the company’s stock worth $877,000 after buying an additional 20,624 shares during the last quarter. Hedge funds and other institutional investors own 8.15% of the company’s stock.
Envela Trading Down 1.1 %
Shares of NYSEAMERICAN:ELA opened at $7.40 on Friday. The stock has a market cap of $192.40 million, a PE ratio of 30.83 and a beta of 0.31. Envela Co. has a 1 year low of $4.16 and a 1 year high of $7.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.76 and a quick ratio of 2.08.
Analyst Upgrades and Downgrades
Separately, Lake Street Capital lifted their target price on Envela from $6.00 to $7.00 and gave the company a “buy” rating in a report on Wednesday, November 6th.
Read Our Latest Stock Report on ELA
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.
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