Envela Co. (NYSEAMERICAN:ELA – Free Report) – B. Riley decreased their FY2024 EPS estimates for shares of Envela in a research note issued to investors on Thursday, March 21st. B. Riley analyst J. Van. Sinderen now forecasts that the company will earn $0.14 per share for the year, down from their previous estimate of $0.30. The consensus estimate for Envela’s current full-year earnings is $0.14 per share. B. Riley also issued estimates for Envela’s FY2025 earnings at $0.26 EPS.
Envela Stock Down 0.9 %
NYSEAMERICAN ELA opened at $4.44 on Monday. The firm has a market cap of $116.99 million, a P/E ratio of 17.08 and a beta of 0.09. Envela has a 1 year low of $3.02 and a 1 year high of $7.97. The company has a quick ratio of 2.97, a current ratio of 5.55 and a debt-to-equity ratio of 0.28.
Institutional Trading of Envela
Several institutional investors have recently made changes to their positions in ELA. O Shaughnessy Asset Management LLC boosted its stake in Envela by 18.9% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 30,492 shares of the company’s stock valued at $145,000 after buying an additional 4,846 shares in the last quarter. American International Group Inc. acquired a new stake in shares of Envela during the 2nd quarter worth about $27,000. Bank of New York Mellon Corp lifted its holdings in Envela by 19.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 17,462 shares of the company’s stock valued at $83,000 after purchasing an additional 2,877 shares during the last quarter. Ritholtz Wealth Management boosted its position in Envela by 27.5% in the third quarter. Ritholtz Wealth Management now owns 15,413 shares of the company’s stock valued at $73,000 after buying an additional 3,328 shares in the last quarter. Finally, Heartland Advisors Inc. boosted its position in Envela by 66.4% in the third quarter. Heartland Advisors Inc. now owns 400,000 shares of the company’s stock valued at $1,896,000 after buying an additional 159,612 shares in the last quarter. 8.15% of the stock is currently owned by institutional investors and hedge funds.
About Envela
Envela Corporation, together with its subsidiaries, buys and sells jewelry and bullion products to individual consumers, dealers, and institutions in the United States. It offers jewelry and fine-watch products, including bridal jewelry, fashion jewelry, custom-made jewelry, diamonds, fine watches, and other products.
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