SG Americas Securities LLC Makes New $772,000 Investment in Enova International, Inc. (NYSE:ENVA)

SG Americas Securities LLC acquired a new stake in Enova International, Inc. (NYSE:ENVA) in the third quarter, HoldingsChannel reports. The firm acquired 9,214 shares of the credit services provider’s stock, valued at approximately $772,000.

A number of other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in Enova International by 172.5% in the first quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider’s stock valued at $3,253,000 after acquiring an additional 32,779 shares in the last quarter. Foundry Partners LLC grew its position in shares of Enova International by 11.3% during the first quarter. Foundry Partners LLC now owns 153,427 shares of the credit services provider’s stock worth $9,640,000 after acquiring an additional 15,519 shares during the last quarter. J.Safra Asset Management Corp grew its position in shares of Enova International by 83.8% during the first quarter. J.Safra Asset Management Corp now owns 930 shares of the credit services provider’s stock worth $58,000 after acquiring an additional 424 shares during the last quarter. Lazard Asset Management LLC grew its position in Enova International by 21.1% in the 1st quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock valued at $228,000 after buying an additional 636 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Enova International by 27.6% in the 2nd quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock valued at $53,000 after buying an additional 185 shares in the last quarter. Institutional investors and hedge funds own 89.43% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on ENVA shares. BTIG Research started coverage on shares of Enova International in a research note on Wednesday, August 14th. They set a “buy” rating and a $90.00 price objective for the company. TD Cowen increased their price target on Enova International from $70.00 to $76.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. StockNews.com downgraded shares of Enova International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Janney Montgomery Scott cut Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. Finally, JMP Securities lifted their price objective on Enova International from $78.00 to $93.00 and gave the company a “market outperform” rating in a report on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Enova International currently has a consensus rating of “Moderate Buy” and an average price target of $79.00.

Enova International Trading Up 2.2 %

Shares of Enova International stock opened at $85.98 on Friday. Enova International, Inc. has a 12-month low of $35.30 and a 12-month high of $88.42. The stock has a market cap of $2.42 billion, a P/E ratio of 15.46 and a beta of 1.43. The company has a quick ratio of 12.07, a current ratio of 12.07 and a debt-to-equity ratio of 2.78. The business’s 50 day moving average is $81.31 and its 200-day moving average is $69.98.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Tuesday, July 23rd. The credit services provider reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.14. Enova International had a return on equity of 16.53% and a net margin of 7.52%. The firm had revenue of $628.44 million for the quarter, compared to analyst estimates of $622.92 million. During the same period in the prior year, the firm posted $1.57 EPS. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. Equities research analysts predict that Enova International, Inc. will post 7.74 earnings per share for the current fiscal year.

Enova International declared that its board has authorized a share repurchase plan on Monday, August 12th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the credit services provider to purchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Insider Activity at Enova International

In other Enova International news, CEO David Fisher sold 10,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $83.46, for a total transaction of $834,600.00. Following the completion of the sale, the chief executive officer now owns 423,239 shares of the company’s stock, valued at approximately $35,323,526.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO David Fisher sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $83.46, for a total value of $834,600.00. Following the completion of the sale, the chief executive officer now directly owns 423,239 shares in the company, valued at $35,323,526.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Linda Johnson Rice sold 2,700 shares of Enova International stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $88.29, for a total value of $238,383.00. Following the transaction, the director now owns 7,486 shares of the company’s stock, valued at $660,938.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,725 shares of company stock worth $4,690,053 in the last quarter. 7.80% of the stock is owned by insiders.

About Enova International

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.