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

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Elevate Credit Inc (NYSE:ELVT) major shareholder Scff Management Llc sold 2,628 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $4.14, for a total value of $10,879.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 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 shares were 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 shares were 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 stock was sold at an average price of $3.91, for a total value 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 value of $49,380.92.
  • On Monday, November 11th, Scff Management Llc sold 80,653 shares of Elevate Credit stock. The shares were sold at an average price of $4.10, for a total value 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 stock’s 50-day moving average is $4.09 and its 200 day moving average is $4.32. The company has a market cap of $183.26 million, a PE ratio of 10.49 and a beta of 1.33. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.12 and a quick ratio of 1.12. Elevate Credit Inc has a 1 year low of $3.71 and a 1 year high of $5.21.

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

Several research analysts recently commented on ELVT shares. William Blair reaffirmed a “market perform” rating on shares of Elevate Credit in a research note on Tuesday, November 5th. ValuEngine lowered shares of Elevate Credit from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Finally, Zacks Investment Research cut shares of Elevate Credit from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $6.15.

Several institutional investors have recently made changes to their positions in ELVT. BlackRock Inc. boosted its holdings in Elevate Credit by 21.4% in the second quarter. BlackRock Inc. now owns 1,570,427 shares of the company’s stock valued at $6,470,000 after acquiring an additional 276,717 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Elevate Credit by 30.9% in the 2nd quarter. Renaissance Technologies LLC now owns 799,847 shares of the company’s stock worth $3,295,000 after purchasing an additional 188,747 shares in the last quarter. State Street Corp lifted its position in shares of Elevate Credit by 1.2% in the 3rd quarter. State Street Corp now owns 295,364 shares of the company’s stock worth $1,243,000 after purchasing an additional 3,639 shares during the period. Northern Trust Corp lifted its position in shares of Elevate Credit by 2.1% in the 2nd quarter. Northern Trust Corp now owns 239,597 shares of the company’s stock worth $987,000 after purchasing an additional 5,034 shares during the period. Finally, California Public Employees Retirement System lifted its position in shares of Elevate Credit by 5.8% in the 3rd quarter. California Public Employees Retirement System now owns 187,600 shares of the company’s stock worth $790,000 after purchasing an additional 10,300 shares during the period. Institutional investors own 48.14% of the company’s stock.

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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