200,000 Shares in Enviva Inc. (NYSE:EVA) Purchased by Deltec Asset Management LLC

Deltec Asset Management LLC acquired a new position in Enviva Inc. (NYSE:EVA) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 200,000 shares of the energy company’s stock, valued at approximately $88,000. Deltec Asset Management LLC owned 0.27% of Enviva as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Mubadala Investment Co PJSC acquired a new position in shares of Enviva in the fourth quarter worth about $471,000. Federated Hermes Inc. boosted its holdings in shares of Enviva by 779.5% in the fourth quarter. Federated Hermes Inc. now owns 318,233 shares of the energy company’s stock worth $317,000 after buying an additional 282,051 shares during the period. Plustick Management LLC acquired a new position in shares of Enviva in the fourth quarter worth about $299,000. CastleKnight Management LP acquired a new position in shares of Enviva in the fourth quarter worth about $252,000. Finally, Trexquant Investment LP boosted its holdings in shares of Enviva by 114.1% in the third quarter. Trexquant Investment LP now owns 202,529 shares of the energy company’s stock worth $1,513,000 after buying an additional 107,955 shares during the period. Institutional investors and hedge funds own 77.83% of the company’s stock.

Enviva Trading Down 3.9 %

Shares of EVA traded down $0.02 during midday trading on Friday, hitting $0.43. The stock had a trading volume of 220,085 shares, compared to its average volume of 383,972. Enviva Inc. has a fifty-two week low of $0.25 and a fifty-two week high of $14.17. The business has a 50-day simple moving average of $0.53 and a two-hundred day simple moving average of $0.57. The firm has a market cap of $32.03 million, a P/E ratio of -0.09 and a beta of 0.85. The company has a current ratio of 1.42, a quick ratio of 1.06 and a debt-to-equity ratio of 6.89.

About Enviva

Enviva Inc produces, processes, and sells utility-grade wood pellets. The company's products are used as a substitute for coal in power generation, and combined heat and power plants. It serves power generators in the United Kingdom, European Union, and Japan. DS: The company was formerly known as Enviva Partners, LP and changed its name to Enviva Inc in December 2021.