Leo Wealth LLC Trims Stock Position in Envela Co. (NYSEAMERICAN:ELA)

Leo Wealth LLC decreased its holdings in Envela Co. (NYSEAMERICAN:ELA) by 74.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,665 shares of the company’s stock after selling 61,790 shares during the quarter. Leo Wealth LLC’s holdings in Envela were worth $119,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new stake in shares of Envela during the 2nd quarter worth $42,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Envela during the second quarter valued at about $50,000. Renaissance Technologies LLC increased its stake in 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 acquiring an additional 20,624 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Envela by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 453,065 shares of the company’s stock worth $2,093,000 after purchasing an additional 3,678 shares during the period. Institutional investors and hedge funds own 8.15% of the company’s stock.

Envela Stock Down 1.7 %

NYSEAMERICAN ELA opened at $5.18 on Thursday. The stock has a market capitalization of $135.04 million, a PE ratio of 21.58 and a beta of 0.25. Envela Co. has a 1-year low of $3.02 and a 1-year high of $5.80. 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 (NYSEAMERICAN:ELA) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $36.02 million. On average, equities research analysts predict that Envela Co. will post 0.21 EPS for the current year.

Envela 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.