Federated Hermes Inc. Has $317,000 Position in Enviva Inc. (NYSE:EVA)

Federated Hermes Inc. raised its position in Enviva Inc. (NYSE:EVA) by 779.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 318,233 shares of the energy company’s stock after purchasing an additional 282,051 shares during the quarter. Federated Hermes Inc. owned 0.43% of Enviva worth $317,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in Enviva in the 3rd quarter valued at $35,000. SG Americas Securities LLC acquired a new position in shares of Enviva in the fourth quarter valued at approximately $44,000. FNY Investment Advisers LLC acquired a new position in shares of Enviva during the fourth quarter worth $45,000. Aurora Private Wealth Inc. lifted its position in shares of Enviva by 329.2% in the 4th quarter. Aurora Private Wealth Inc. now owns 45,500 shares of the energy company’s stock worth $45,000 after purchasing an additional 34,900 shares during the period. Finally, Richard W. Paul & Associates LLC raised its stake in Enviva by 74.7% during the fourth quarter. Richard W. Paul & Associates LLC now owns 75,101 shares of the energy company’s stock worth $75,000 after buying an additional 32,109 shares during the last quarter. Institutional investors and hedge funds own 77.83% of the company’s stock.

Enviva Trading Down 1.0 %

NYSE EVA opened at $0.51 on Friday. The company has a debt-to-equity ratio of 6.89, a current ratio of 1.42 and a quick ratio of 1.06. Enviva Inc. has a one year low of $0.25 and a one year high of $14.17. The business has a 50 day simple moving average of $0.47 and a 200 day simple moving average of $1.06. The stock has a market capitalization of $37.97 million, a P/E ratio of -0.10 and a beta of 0.80.

About Enviva

Enviva Inc produces, processes, and sells utility-grade wood pellets. The company's products are used as a substitute for coal in power generation, and combined heat and power plants. It serves power generators in the United Kingdom, European Union, and Japan. DS: The company was formerly known as Enviva Partners, LP and changed its name to Enviva Inc in December 2021.