Simplicity Solutions LLC boosted its stake in Elme Communities (NYSE:ELME – Free Report) by 29.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,925 shares of the company’s stock after purchasing an additional 7,882 shares during the period. Simplicity Solutions LLC’s holdings in Elme Communities were worth $510,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of ELME. Russell Investments Group Ltd. purchased a new position in Elme Communities in the 1st quarter worth approximately $91,000. Tower Research Capital LLC TRC purchased a new position in Elme Communities in the 1st quarter worth approximately $29,000. Commonwealth Equity Services LLC purchased a new position in Elme Communities in the 1st quarter worth approximately $447,000. Rhumbline Advisers purchased a new position in Elme Communities in the 1st quarter worth approximately $5,432,000. Finally, American Century Companies Inc. purchased a new position in Elme Communities in the 1st quarter worth approximately $354,000. 87.88% of the stock is owned by hedge funds and other institutional investors.
Elme Communities Price Performance
ELME opened at $14.72 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.67 and a quick ratio of 0.67. Elme Communities has a 52-week low of $12.44 and a 52-week high of $18.15. The stock’s 50 day moving average price is $13.79 and its 200-day moving average price is $13.88.
Elme Communities Announces Dividend
About Elme Communities
Elme Communities is committed to elevating what home can be for middle-income renters by providing a higher level of quality, service, and experience. The Company is a multifamily real estate investment trust that owns and operates approximately 9,400 apartment homes in the Washington, DC metro and the Atlanta metro regions, and owns approximately 300,000 square feet of commercial space.
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