Insider Selling: Elevate Credit Inc (NYSE:ELVT) Major Shareholder Sells $66,880.00 in Stock

Elevate Credit Inc (NYSE:ELVT) major shareholder Scff Management Llc sold 60,800 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $1.10, for a total value of $66,880.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Friday, March 20th, Scff Management Llc sold 42,700 shares of Elevate Credit stock. The stock was sold at an average price of $1.36, for a total value of $58,072.00.
  • On Wednesday, March 18th, Scff Management Llc sold 26,835 shares of Elevate Credit stock. The stock was sold at an average price of $1.47, for a total value of $39,447.45.
  • On Monday, March 16th, Scff Management Llc sold 10,500 shares of Elevate Credit stock. The stock was sold at an average price of $2.22, for a total value of $23,310.00.
  • On Friday, March 13th, Scff Management Llc sold 15,677 shares of Elevate Credit stock. The stock was sold at an average price of $2.54, for a total value of $39,819.58.
  • On Wednesday, March 11th, Scff Management Llc sold 28,017 shares of Elevate Credit stock. The stock was sold at an average price of $2.59, for a total value of $72,564.03.
  • On Monday, March 9th, Scff Management Llc sold 16,625 shares of Elevate Credit stock. The stock was sold at an average price of $2.81, for a total value of $46,716.25.
  • On Friday, March 6th, Scff Management Llc sold 34,588 shares of Elevate Credit stock. The stock was sold at an average price of $2.94, for a total value of $101,688.72.
  • On Wednesday, March 4th, Scff Management Llc sold 49,657 shares of Elevate Credit stock. The stock was sold at an average price of $3.25, for a total value of $161,385.25.
  • On Monday, March 2nd, Scff Management Llc sold 20,880 shares of Elevate Credit stock. The stock was sold at an average price of $3.44, for a total value of $71,827.20.
  • On Monday, February 24th, Scff Management Llc sold 35,459 shares of Elevate Credit stock. The shares were sold at an average price of $3.74, for a total value of $132,616.66.

Shares of Elevate Credit stock opened at $1.22 on Thursday. The firm has a market cap of $55.93 million, a price-to-earnings ratio of 1.67 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.14 and a quick ratio of 1.14. Elevate Credit Inc has a 52-week low of $0.98 and a 52-week high of $5.98. The stock has a 50-day simple moving average of $3.15 and a 200-day simple moving average of $4.05.

Elevate Credit (NYSE:ELVT) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.02. The business had revenue of $186.92 million during the quarter, compared to analyst estimates of $186.85 million. Elevate Credit had a return on equity of 22.38% and a net margin of 4.31%. As a group, equities research analysts predict that Elevate Credit Inc will post 0.85 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in ELVT. Royce & Associates LP acquired a new stake in shares of Elevate Credit during the 4th quarter valued at about $60,000. Public Employees Retirement System of Ohio lifted its holdings in Elevate Credit by 166.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,039 shares of the company’s stock worth $72,000 after purchasing an additional 10,639 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Elevate Credit in the 4th quarter worth approximately $76,000. Millennium Management LLC lifted its holdings in Elevate Credit by 57.8% in the 3rd quarter. Millennium Management LLC now owns 18,483 shares of the company’s stock worth $77,000 after purchasing an additional 6,769 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in Elevate Credit by 35.9% in the 4th quarter. Meeder Asset Management Inc. now owns 18,523 shares of the company’s stock worth $83,000 after purchasing an additional 4,895 shares during the last quarter. Institutional investors and hedge funds own 40.27% of the company’s stock.

Several brokerages have recently issued reports on ELVT. ValuEngine lowered Elevate Credit from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Zacks Investment Research upgraded Elevate Credit from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a report on Tuesday. Finally, Stephens lowered Elevate Credit from an “equal weight” rating to an “underweight” rating in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $3.63.

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

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