Elevate Credit Inc (ELVT) Director Bradley R. Strock Buys 15,000 Shares
Elevate Credit Inc (NYSE:ELVT) Director Bradley R. Strock acquired 15,000 shares of Elevate Credit stock in a transaction dated Wednesday, November 7th. The shares were bought at an average price of $4.43 per share, with a total value of $66,450.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
ELVT stock traded down $0.18 on Friday, hitting $4.20. The company’s stock had a trading volume of 294,299 shares, compared to its average volume of 579,769. Elevate Credit Inc has a 1 year low of $3.71 and a 1 year high of $11.27. The company has a market cap of $190.04 million, a price-to-earnings ratio of 26.25 and a beta of 3.14.
Elevate Credit (NYSE:ELVT) last released its quarterly earnings results on Monday, October 29th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.23). Elevate Credit had a negative net margin of 0.49% and a positive return on equity of 12.82%. The business had revenue of $201.48 million during the quarter, compared to analysts’ expectations of $201.71 million. During the same quarter last year, the company earned $0.01 EPS. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, research analysts anticipate that Elevate Credit Inc will post 0.41 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Ingalls & Snyder LLC purchased a new position in Elevate Credit during the 2nd quarter worth $134,000. Engineers Gate Manager LP purchased a new position in Elevate Credit during the 2nd quarter worth $141,000. Bank of Montreal Can purchased a new position in Elevate Credit during the 2nd quarter worth $172,000. First Trust Advisors LP purchased a new position in Elevate Credit during the 3rd quarter worth $222,000. Finally, Brighton Jones LLC raised its position in Elevate Credit by 96.4% during the 2nd quarter. Brighton Jones LLC now owns 28,673 shares of the company’s stock worth $243,000 after buying an additional 14,072 shares during the last quarter. Hedge funds and other institutional investors own 46.09% of the company’s stock.
Elevate Credit Company Profile
Elevate Credit, Inc provides online credit solutions to non-prime consumers in the United States and the United Kingdom. The company offers unsecured online installment loans and lines of credit. Its products include Rise installment loan and line of credit products; Elastic, a line of credit product; and Sunny installment loan products.
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