Jane Street Group LLC Cuts Position in Envela Co. (NYSEAMERICAN:ELA)

Jane Street Group LLC trimmed its position in shares of Envela Co. (NYSEAMERICAN:ELA) by 43.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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’s holdings in Envela were worth $96,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of ELA. Renaissance Technologies LLC lifted its position in Envela by 11.8% during the second quarter. Renaissance Technologies LLC now owns 195,428 shares of the company’s stock valued at $877,000 after purchasing an additional 20,624 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Envela during the 2nd quarter valued at about $42,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Envela in the 2nd quarter valued at about $50,000. Finally, US Bancorp DE purchased a new position in Envela in the third quarter worth about $339,000. Institutional investors own 8.15% of the company’s stock.

Envela Stock Performance

Shares of ELA opened at $6.76 on Wednesday. The company has a quick ratio of 2.08, a current ratio of 4.76 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $175.76 million, a P/E ratio of 28.17 and a beta of 0.31. Envela Co. has a 52-week low of $4.15 and a 52-week high of $7.88.

Envela (NYSEAMERICAN:ELA) last announced its earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.03. Envela had a net margin of 3.83% and a return on equity of 13.01%. The business had revenue of $46.90 million for the quarter, compared to the consensus estimate of $39.85 million. As a group, equities research analysts forecast that Envela Co. will post 0.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital upped their price objective on Envela from $6.00 to $7.00 and gave the company a “buy” rating in a research report 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.