Allison M. Destefano Buys 2,300 Shares of Envela Co. (NYSEAMERICAN:ELA) Stock

Envela Co. (NYSEAMERICAN:ELAGet Rating) Director Allison M. Destefano purchased 2,300 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were bought at an average price of $6.94 per share, with a total value of $15,962.00. Following the purchase, the director now directly owns 165,300 shares in the company, valued at approximately $1,147,182. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Envela Trading Down 0.3 %

ELA stock traded down $0.02 during mid-day trading on Friday, reaching $6.93. 3,773 shares of the company traded hands, compared to its average volume of 48,125. Envela Co. has a fifty-two week low of $4.50 and a fifty-two week high of $8.42. The company has a current ratio of 5.39, a quick ratio of 3.42 and a debt-to-equity ratio of 0.31.

Envela (NYSEAMERICAN:ELAGet Rating) last announced its earnings results on Thursday, March 16th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. Envela had a return on equity of 38.74% and a net margin of 8.48%. The firm had revenue of $47.43 million for the quarter, compared to the consensus estimate of $49.08 million. Equities analysts forecast that Envela Co. will post 0.32 EPS for the current year.

Hedge Funds Weigh In On Envela

Hedge funds and other institutional investors have recently modified their holdings of the business. Adamsbrown Wealth Consultants LLC bought a new stake in Envela during the 4th quarter valued at $53,000. Virtu Financial LLC bought a new stake in Envela during the 3rd quarter valued at $55,000. Citigroup Inc. bought a new stake in Envela during the 1st quarter valued at $83,000. Citadel Advisors LLC bought a new stake in Envela during the 3rd quarter valued at $75,000. Finally, Prelude Capital Management LLC bought a new stake in Envela during the 3rd quarter valued at $74,000.

About Envela

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Envela Corp. buys and sells all kinds of jewelries including diamonds, fine watches, rare coins and currency, precious metal bullion products, scrap gold, silver, platinum, palladium, collectibles, and other valuables. The firm operates through the following segments: DGSE and ECHG. It offers its products through retail and wholesale stores, and e-commerce sites.

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Insider Buying and Selling by Quarter for Envela (NYSEAMERICAN:ELA)

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