Verdence Capital Advisors LLC, a hedge fund, has recently lowered its stake in e.l.f. Beauty, Inc. by 39.3% in the fourth quarter, according to the company’s latest filing with the Securities and Exchange Commission (SEC). The hedge fund now holds 5,642 shares of the company after selling 3,652 shares during the period, with its holdings in e.l.f. worth $312,000 as of its most recent SEC filing. Other hedge funds and institutional investors have also recently modified their holdings of e.l.f. Beauty stock. Covestor Ltd boosted its holdings in e.l.f. shares by 8,340.0% in the first quarter, with Optimum Investment Advisors acquiring a new position in the fourth quarter and Counterpoint Mutual Funds LLC and BI Asset Management Fondsmaeglerselskab A S acquiring new positions in the third quarter. As of Friday, e.l.f. stock opened at $82.35, with the company having a 52-week low of $20.49 and a 52-week high of $83.94.