Scff Management Llc Sells 65,831 Shares of Elevate Credit Inc (NYSE:ELVT) Stock

Elevate Credit Inc (NYSE:ELVT) major shareholder Scff Management Llc sold 65,831 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $4.26, for a total transaction of $280,440.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Monday, July 29th, Scff Management Llc sold 51,695 shares of Elevate Credit stock. The stock was sold at an average price of $4.25, for a total transaction of $219,703.75.
  • On Wednesday, July 24th, Scff Management Llc sold 40,702 shares of Elevate Credit stock. The stock was sold at an average price of $4.27, for a total transaction of $173,797.54.
  • On Friday, July 19th, Scff Management Llc sold 92,764 shares of Elevate Credit stock. The stock was sold at an average price of $4.25, for a total transaction of $394,247.00.
  • On Monday, July 8th, Scff Management Llc sold 31,792 shares of Elevate Credit stock. The stock was sold at an average price of $4.15, for a total transaction of $131,936.80.
  • On Thursday, June 27th, Scff Management Llc sold 43,454 shares of Elevate Credit stock. The stock was sold at an average price of $4.21, for a total transaction of $182,941.34.
  • On Wednesday, June 19th, Scff Management Llc sold 37,500 shares of Elevate Credit stock. The stock was sold at an average price of $4.45, for a total transaction of $166,875.00.
  • On Friday, June 14th, Scff Management Llc sold 35,000 shares of Elevate Credit stock. The stock was sold at an average price of $4.43, for a total transaction of $155,050.00.
  • On Wednesday, May 29th, Scff Management Llc sold 57,592 shares of Elevate Credit stock. The stock was sold at an average price of $4.35, for a total transaction of $250,525.20.

NYSE ELVT opened at $4.81 on Monday. The firm has a market capitalization of $192.68 million, a price-to-earnings ratio of 12.33 and a beta of 1.40. The business’s 50 day moving average price is $4.27. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.12. Elevate Credit Inc has a 1-year low of $3.71 and a 1-year high of $10.47.

Elevate Credit (NYSE:ELVT) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.06. The company had revenue of $177.76 million during the quarter, compared to analyst estimates of $187.48 million. Elevate Credit had a net margin of 2.45% and a return on equity of 19.97%. The company’s revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.07 earnings per share. Research analysts expect that Elevate Credit Inc will post 0.6 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of ELVT. D. E. Shaw & Co. Inc. acquired a new stake in shares of Elevate Credit during the fourth quarter worth approximately $410,000. Bank of New York Mellon Corp increased its holdings in shares of Elevate Credit by 80.2% during the fourth quarter. Bank of New York Mellon Corp now owns 100,229 shares of the company’s stock worth $449,000 after buying an additional 44,609 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Elevate Credit by 270.2% during the fourth quarter. Bank of America Corp DE now owns 30,765 shares of the company’s stock worth $138,000 after buying an additional 22,455 shares in the last quarter. Squarepoint Ops LLC increased its holdings in shares of Elevate Credit by 87.4% during the fourth quarter. Squarepoint Ops LLC now owns 42,172 shares of the company’s stock worth $189,000 after buying an additional 19,672 shares in the last quarter. Finally, Spark Investment Management LLC grew its stake in shares of Elevate Credit by 10.4% during the first quarter. Spark Investment Management LLC now owns 145,500 shares of the company’s stock valued at $631,000 after purchasing an additional 13,700 shares during the last quarter. 50.58% of the stock is owned by institutional investors.

Several research firms recently issued reports on ELVT. Zacks Investment Research raised shares of Elevate Credit from a “hold” rating to a “strong-buy” rating and set a $4.75 price target for the company in a research report on Tuesday, July 2nd. ValuEngine raised shares of Elevate Credit from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, BTIG Research reaffirmed a “buy” rating and set a $6.00 price objective on shares of Elevate Credit in a report on Tuesday, July 16th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $6.25.

About Elevate Credit

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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