SG Americas Securities LLC Makes New $44,000 Investment in Enviva Inc. (NYSE:EVA)

SG Americas Securities LLC purchased a new stake in shares of Enviva Inc. (NYSE:EVA) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 44,076 shares of the energy company’s stock, valued at approximately $44,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hsbc Holdings PLC acquired a new stake in Enviva in the 3rd quarter valued at about $298,000. Trexquant Investment LP raised its position in shares of Enviva by 114.1% during the 3rd quarter. Trexquant Investment LP now owns 202,529 shares of the energy company’s stock worth $1,513,000 after purchasing an additional 107,955 shares during the last quarter. AE Wealth Management LLC acquired a new position in shares of Enviva during the 3rd quarter worth approximately $330,000. Jump Financial LLC lifted its stake in Enviva by 517.4% in the 3rd quarter. Jump Financial LLC now owns 87,176 shares of the energy company’s stock valued at $651,000 after buying an additional 73,055 shares in the last quarter. Finally, Pursue Wealth Partners LLC acquired a new stake in Enviva during the 3rd quarter valued at $769,000. 77.83% of the stock is currently owned by institutional investors and hedge funds.

Enviva Stock Performance

NYSE EVA opened at $0.36 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.42 and a debt-to-equity ratio of 6.89. Enviva Inc. has a fifty-two week low of $0.25 and a fifty-two week high of $23.57. The business has a fifty day moving average of $0.45 and a 200-day moving average of $1.38. The stock has a market cap of $26.45 million, a price-to-earnings ratio of -0.07 and a beta of 0.89.

Enviva Company Profile

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.