Point72 Asia Singapore Pte. Ltd. purchased a new position in Envela Co. (NYSEAMERICAN:ELA – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,092 shares of the company’s stock, valued at approximately $50,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Leo Wealth LLC purchased a new position in shares of Envela in the fourth quarter worth approximately $406,000. Renaissance Technologies LLC boosted its holdings in shares of Envela by 11.8% in the second 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. Cubist Systematic Strategies LLC purchased a new position in shares of Envela in the second quarter worth approximately $42,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Envela by 0.8% in the first quarter. Vanguard Group Inc. now owns 453,065 shares of the company’s stock worth $2,093,000 after buying an additional 3,678 shares during the last quarter. Institutional investors own 8.15% of the company’s stock.
Envela Price Performance
ELA opened at $5.30 on Friday. Envela Co. has a 12-month low of $3.02 and a 12-month high of $5.80. The company has a market capitalization of $138.17 million, a P/E ratio of 22.08 and a beta of 0.24. The company has a current ratio of 5.88, a quick ratio of 2.72 and a debt-to-equity ratio of 0.26.
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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