Elevate Credit Inc (NYSE:ELVT) Major Shareholder Scff Management Llc Sells 2,628 Shares of Stock

Elevate Credit Inc (NYSE:ELVT) major shareholder Scff Management Llc sold 2,628 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $4.14, for a total transaction of $10,879.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Scff Management Llc also recently made the following trade(s):

  • On Monday, December 2nd, Scff Management Llc sold 25,107 shares of Elevate Credit stock. The stock was sold at an average price of $4.16, for a total value of $104,445.12.
  • On Wednesday, November 27th, Scff Management Llc sold 12,917 shares of Elevate Credit stock. The stock was sold at an average price of $4.17, for a total value of $53,863.89.
  • On Monday, November 25th, Scff Management Llc sold 37,946 shares of Elevate Credit stock. The shares were sold at an average price of $4.10, for a total value of $155,578.60.
  • On Friday, November 22nd, Scff Management Llc sold 27,836 shares of Elevate Credit stock. The shares were sold at an average price of $3.93, for a total value of $109,395.48.
  • On Wednesday, November 20th, Scff Management Llc sold 5,056 shares of Elevate Credit stock. The stock was sold at an average price of $3.90, for a total value of $19,718.40.
  • On Monday, November 18th, Scff Management Llc sold 11,579 shares of Elevate Credit stock. The stock was sold at an average price of $3.79, for a total value of $43,884.41.
  • On Friday, November 15th, Scff Management Llc sold 10,711 shares of Elevate Credit stock. The shares were sold at an average price of $3.91, for a total transaction of $41,880.01.
  • On Wednesday, November 13th, Scff Management Llc sold 12,223 shares of Elevate Credit stock. The shares were sold at an average price of $4.04, for a total transaction of $49,380.92.
  • On Monday, November 11th, Scff Management Llc sold 80,653 shares of Elevate Credit stock. The stock was sold at an average price of $4.10, for a total transaction of $330,677.30.
  • On Friday, November 8th, Scff Management Llc sold 14,383 shares of Elevate Credit stock. The stock was sold at an average price of $4.07, for a total transaction of $58,538.81.

Shares of NYSE ELVT opened at $4.09 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.11. Elevate Credit Inc has a one year low of $3.71 and a one year high of $5.21. The business has a 50-day moving average price of $4.09 and a two-hundred day moving average price of $4.32. The firm has a market capitalization of $183.26 million, a PE ratio of 10.49 and a beta of 1.33.

Elevate Credit (NYSE:ELVT) last announced its earnings results on Monday, November 4th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.01 by $0.10. Elevate Credit had a net margin of 3.65% and a return on equity of 20.93%. The firm had revenue of $192.80 million for the quarter, compared to the consensus estimate of $193.34 million. During the same quarter last year, the firm posted ($0.10) EPS. The business’s quarterly revenue was down 4.3% on a year-over-year basis. Research analysts anticipate that Elevate Credit Inc will post 0.71 EPS for the current year.

ELVT has been the subject of several research analyst reports. William Blair restated a “market perform” rating on shares of Elevate Credit in a research report on Tuesday, November 5th. Zacks Investment Research cut shares of Elevate Credit from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, ValuEngine downgraded shares of Elevate Credit from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $6.15.

Large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its position in Elevate Credit by 8.6% during the second quarter. Wells Fargo & Company MN now owns 44,200 shares of the company’s stock worth $182,000 after buying an additional 3,507 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Elevate Credit by 54.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 47,712 shares of the company’s stock worth $198,000 after purchasing an additional 16,845 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Elevate Credit by 98.0% during the second quarter. Acadian Asset Management LLC now owns 145,204 shares of the company’s stock valued at $598,000 after purchasing an additional 71,873 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Elevate Credit during the second quarter valued at approximately $66,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Elevate Credit by 15.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 49,257 shares of the company’s stock valued at $203,000 after purchasing an additional 6,484 shares in the last quarter. Hedge funds and other institutional investors own 48.14% 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, lines of credit, and credit cards. Its products include Rise installment loan and line of credit products; Elastic, a line of credit product; Sunny, an installment loan product; and Today Card, a credit card product.

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Insider Buying and Selling by Quarter for Elevate Credit (NYSE:ELVT)

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