Envela (NYSEAMERICAN:ELA) Given New $11.00 Price Target at B. Riley

Envela (NYSEAMERICAN:ELAGet Rating) had its price objective boosted by B. Riley from $10.00 to $11.00 in a report issued on Thursday, The Fly reports. B. Riley’s price objective suggests a potential upside of 133.05% from the company’s current price.

Separately, Zacks Investment Research upgraded shares of Envela from a “sell” rating to a “hold” rating in a report on Tuesday.

Shares of NYSEAMERICAN:ELA opened at $4.72 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.07 and a current ratio of 3.51. The firm has a market capitalization of $127.09 million, a P/E ratio of 12.76 and a beta of 0.12. Envela has a 52 week low of $3.51 and a 52 week high of $5.92.

Envela (NYSEAMERICAN:ELAGet Rating) last released its earnings results on Wednesday, March 16th. The company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. Envela had a return on equity of 42.82% and a net margin of 7.12%. The company had revenue of $44.07 million during the quarter, compared to analyst estimates of $44.44 million. As a group, equities analysts forecast that Envela will post 0.42 earnings per share for the current fiscal year.

In other news, Director Richard D. Schepp acquired 15,000 shares of the firm’s stock in a transaction on Monday, March 21st. The stock was acquired at an average price of $4.39 per share, for a total transaction of $65,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders bought 16,731 shares of company stock valued at $73,379. 71.98% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Leo Brokerage LLC purchased a new position in shares of Envela in the 1st quarter worth about $388,000. Millennium Management LLC bought a new stake in Envela during the 2nd quarter valued at about $265,000. Anchor Capital Advisors LLC raised its holdings in Envela by 87.2% in the first quarter. Anchor Capital Advisors LLC now owns 69,165 shares of the company’s stock worth $322,000 after buying an additional 32,225 shares during the last quarter. Adamsbrown Wealth Consultants LLC bought a new position in shares of Envela in the fourth quarter worth approximately $130,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Envela by 7.2% during the fourth quarter. Renaissance Technologies LLC now owns 275,990 shares of the company’s stock valued at $1,123,000 after buying an additional 18,522 shares during the last quarter. 5.16% of the stock is owned by institutional investors and hedge funds.

Envela Company Profile (Get Rating)

Envela Corporation, together with its subsidiaries, primarily buys and sells jewelry and bullion products to individual consumers, dealers, Fortune 500 companies, municipalities, school districts, and other organizations in the United States. It offers jewelry and fine-watch products, including bridal jewelry, fashion jewelry, custom-made jewelry, diamonds, and other gemstones, as well as watches and jewelry components.

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