David Peterson - Elevate Credit Chief Credit Officer

ELVTDelisted Stock  USD 1.87  0.01  0.54%   

Executive

Mr. David Peterson is Chief Credit Officer of the Company. Peterson background includes 15 years experience in financial services, primarily in credit risk. He joined the company in 2010 and has held a number of roles of increasing responsibility in areas including credit strategy, risk, portfolio management and fraud. Previously he was with Americredit Financial Services. He holds a BBA in Finance and an MBA from the M.J. Neeley School of Business at Texas Christian University. since 2018.
Age 38
Tenure 6 years
Professional MarksMBA
Phone817 928 1500
Webhttps://www.elevate.com

Elevate Credit Management Efficiency

Elevate Credit's management efficiency ratios could be used to measure how well Elevate Credit manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 505.28 M in liabilities with Debt to Equity (D/E) ratio of 2.88, implying the company greatly relies on financing operations through barrowing. Elevate Credit has a current ratio of 11.07, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Elevate Credit until it has trouble settling it off, either with new capital or with free cash flow. So, Elevate Credit's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Elevate Credit sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Elevate to invest in growth at high rates of return. When we think about Elevate Credit's use of debt, we should always consider it together with cash and equity.

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Elevate Credit, Inc. provides online credit solutions to non-prime consumers in the United States. Elevate Credit, Inc. was incorporated in 2014 and is headquartered in Fort Worth, Texas. Elevate Credit operates under Credit Services classification in the United States and is traded on New York Stock Exchange. It employs 436 people. Elevate Credit (ELVT) is traded on New York Stock Exchange in USA and employs 436 people.

Management Performance

Elevate Credit Leadership Team

Elected by the shareholders, the Elevate Credit's board of directors comprises two types of representatives: Elevate Credit inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Elevate. The board's role is to monitor Elevate Credit's management team and ensure that shareholders' interests are well served. Elevate Credit's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Elevate Credit's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sharon Clarey, Chief Human Resource Officer
Manuel Sanchez, Director
Kathy Holland, Executive Vice President - Bank Products
Joan Kuehl, Chief Information Officer
Eddie Combs, Chief Marketing Officer
Al Comeaux, Chief Communications Officer
Greg Hall, Chief Marketing Officer
Daniel Rhea, Communications Mang
Jason Harvison, President, Chief Executive Officer, Director
David Peterson, Chief Credit Officer
Steven Trussell, Chief Officer
Scott Greever, Executive Vice President of Products
Robert Johnson, Independent Director
Chad Bradford, Chief Accounting Officer
CPA CPA, Chief Officer
Kenneth Rees, Chairman of the Board, CEO
Christopher Lutes, Chief Financial Officer
Walt Ramsey, Chief Credit Officer
John Dean, Independent Director
Larry Browder, Chief Information Officer
Saundra Schrock, Independent Chairman of the Board
Bradley Strock, Independent Director
Sarah Cutrona, Chief Counsel
Michael Pugh, Director
Jesse Bray, Independent Director
John Rosenberg, Lead Independent Director
Stephen Galasso, Independent Director
Brian Biglin, Other
Sarah Esq, Chief Counsel
Tyler Head, Independent Director
Stephen Shaper, Independent Director

Elevate Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Elevate Credit a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Elevate Credit

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Elevate Credit position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Elevate Credit will appreciate offsetting losses from the drop in the long position's value.

Moving together with Elevate Stock

  0.66VYNE Vyne Therapeutics TrendingPairCorr

Moving against Elevate Stock

  0.46CSCO Cisco Systems Fiscal Quarter End 30th of April 2024 PairCorr
  0.42MCD McDonalds Sell-off TrendPairCorr
The ability to find closely correlated positions to Elevate Credit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elevate Credit when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Elevate Credit - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Elevate Credit to buy it.
The correlation of Elevate Credit is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Elevate Credit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elevate Credit moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Elevate Credit can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

Other Consideration for investing in Elevate Stock

If you are still planning to invest in Elevate Credit check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Elevate Credit's history and understand the potential risks before investing.
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