Point72 Asia Singapore Pte. Ltd. Acquires Shares of 11,092 Envela Co. (NYSEAMERICAN:ELA)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in Envela Co. (NYSEAMERICAN:ELA) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 11,092 shares of the company’s stock, valued at approximately $50,000.

A number of other hedge funds have also modified their holdings of the business. Leo Wealth LLC purchased a new stake in Envela during the 4th quarter valued at approximately $406,000. Renaissance Technologies LLC raised its stake in shares of Envela by 11.8% during the second quarter. Renaissance Technologies LLC now owns 195,428 shares of the company’s stock worth $877,000 after purchasing an additional 20,624 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Envela during the second quarter worth $42,000. Finally, Vanguard Group Inc. grew its position in Envela by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 453,065 shares of the company’s stock valued at $2,093,000 after buying an additional 3,678 shares during the last quarter. 8.15% of the stock is currently owned by hedge funds and other institutional investors.

Envela Price Performance

Shares of ELA stock opened at $5.48 on Tuesday. The company has a quick ratio of 2.72, a current ratio of 5.88 and a debt-to-equity ratio of 0.26. Envela Co. has a 12-month low of $3.02 and a 12-month high of $5.80. The company has a market cap of $142.86 million, a PE ratio of 22.83 and a beta of 0.24.

Envela (NYSEAMERICAN:ELA) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. Envela had a net margin of 4.10% and a return on equity of 13.27%. The firm had revenue of $45.30 million during the quarter, compared to analysts’ expectations of $36.02 million. Sell-side analysts expect that Envela Co. will post 0.21 earnings per share for the current year.

About Envela

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.