Jane Street Group LLC Sells 13,728 Shares of Envela Co. (NYSEAMERICAN:ELA)

Jane Street Group LLC lowered its position in Envela Co. (NYSEAMERICAN:ELA) by 43.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,560 shares of the company’s stock after selling 13,728 shares during the period. Jane Street Group LLC owned 0.07% of Envela worth $96,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC lifted its position in Envela by 11.8% during the 2nd quarter. Renaissance Technologies LLC now owns 195,428 shares of the company’s stock valued at $877,000 after acquiring an additional 20,624 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Envela during the second quarter valued at approximately $42,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Envela during the second quarter valued at approximately $50,000. Finally, US Bancorp DE bought a new stake in shares of Envela in the 3rd quarter worth approximately $339,000. Hedge funds and other institutional investors own 8.15% of the company’s stock.

Envela Stock Down 2.7 %

Shares of Envela stock opened at $6.76 on Wednesday. The firm has a market capitalization of $175.76 million, a P/E ratio of 28.17 and a beta of 0.31. The company has a current ratio of 4.76, a quick ratio of 2.08 and a debt-to-equity ratio of 0.25. Envela Co. has a one year low of $4.15 and a one year high of $7.88.

Envela (NYSEAMERICAN:ELA) last released its earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The company had revenue of $46.90 million for the quarter, compared to analysts’ expectations of $39.85 million. Envela had a net margin of 3.83% and a return on equity of 13.01%. On average, equities analysts expect that Envela Co. will post 0.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital raised their price objective on shares of Envela from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th.

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.