Tyler W. K. Head Sells 25,000 Shares of Elevate Credit, Inc. (NYSE:ELVT) Stock

Elevate Credit, Inc. (NYSE:ELVT) Director Tyler W. K. Head sold 25,000 shares of the stock in a transaction dated Wednesday, June 9th. The stock was sold at an average price of $3.81, for a total transaction of $95,250.00. Following the completion of the transaction, the director now directly owns 111,382 shares of the company’s stock, valued at $424,365.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of ELVT opened at $3.63 on Friday. The stock has a market capitalization of $129.78 million, a PE ratio of 3.78 and a beta of 2.72. Elevate Credit, Inc. has a fifty-two week low of $1.35 and a fifty-two week high of $4.90. The business has a 50-day simple moving average of $3.38.

Elevate Credit (NYSE:ELVT) last announced its quarterly earnings data on Sunday, May 2nd. The company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.22. Elevate Credit had a net margin of 9.73% and a return on equity of 34.11%. On average, equities research analysts anticipate that Elevate Credit, Inc. will post 0.43 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in ELVT. GSA Capital Partners LLP purchased a new stake in Elevate Credit in the first quarter worth about $45,000. Diversified Trust Co purchased a new stake in Elevate Credit in the first quarter worth about $45,000. Eubel Brady & Suttman Asset Management Inc. purchased a new stake in Elevate Credit in the first quarter worth about $48,000. Ameriprise Financial Inc. grew its holdings in shares of Elevate Credit by 46.8% during the first quarter. Ameriprise Financial Inc. now owns 16,890 shares of the company’s stock valued at $49,000 after buying an additional 5,386 shares during the last quarter. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Elevate Credit during the fourth quarter valued at approximately $67,000. Institutional investors and hedge funds own 36.00% of the company’s stock.

Separately, Zacks Investment Research downgraded shares of Elevate Credit from a “buy” rating to a “hold” rating in a research note on Thursday.

Elevate Credit Company Profile

Elevate Credit, Inc provides online credit solutions to non-prime consumers in the United States. It offers unsecured online installment loans, lines of credit, and credit cards. Its products include Rise, an installment loan product; Elastic, a line of credit product; and Today Card, a credit card product.

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