EnvelaELA
Market Cap: $137M
About: Envela Corp and its subsidiaries engage in diverse business activities within the recommerce sector. These include re-commercializing luxury hard assets, consumer electronics and IT equipment; and end-of-life recycling solutions. It operates through two segments, Consumer, and Commercial Services. The Consumer segment which generates key revenue for the company predominantly buys to resell or recycle luxury hard assets like jewelry, diamonds, gemstones, fine watches, rare coins and related collectibles, precious-metal bullion products, gold, silver, and other precious metals. The Commercial Services segment provides asset-disposition solutions to government agencies, middle-market firms, corporations, and other organizations.
Employees: 288
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
2.85% less ownership
Funds ownership: 8.01% [Q1] → 5.16% (-2.85%) [Q2]
5% less funds holding
Funds holding: 39 [Q1] → 37 (-2) [Q2]
13% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 15
37% less capital invested
Capital invested by funds: $9.75M [Q1] → $6.1M (-$3.64M) [Q2]
69% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 16
Research analyst outlook
We haven’t received any recent analyst ratings for ELA.