GAMMA Investing LLC Grows Holdings in Enova International, Inc. (NYSE:ENVA)

GAMMA Investing LLC raised its holdings in Enova International, Inc. (NYSE:ENVA) by 24.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,065 shares of the credit services provider’s stock after purchasing an additional 210 shares during the period. GAMMA Investing LLC’s holdings in Enova International were worth $89,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ENVA. BNP Paribas Financial Markets raised its holdings in shares of Enova International by 172.5% during the first quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider’s stock worth $3,253,000 after purchasing an additional 32,779 shares during the period. Smith Shellnut Wilson LLC ADV acquired a new position in shares of Enova International during the second quarter worth approximately $235,000. SG Americas Securities LLC bought a new stake in shares of Enova International during the first quarter valued at about $223,000. Lazard Asset Management LLC raised its position in shares of Enova International by 21.1% during the 1st quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock worth $228,000 after buying an additional 636 shares in the last quarter. Finally, Summit Global Investments lifted its position in Enova International by 7.5% in the second quarter. Summit Global Investments now owns 25,464 shares of the credit services provider’s stock worth $1,585,000 after purchasing an additional 1,785 shares during the period. 89.43% of the stock is owned by institutional investors and hedge funds.

Enova International Price Performance

Shares of Enova International stock opened at $85.86 on Tuesday. The firm has a fifty day moving average price of $81.53 and a two-hundred day moving average price of $70.19. The company has a market cap of $2.42 billion, a PE ratio of 15.44 and a beta of 1.43. The company has a debt-to-equity ratio of 2.78, a current ratio of 12.07 and a quick ratio of 12.07. Enova International, Inc. has a fifty-two week low of $35.30 and a fifty-two week high of $88.42.

Enova International (NYSE:ENVA) last posted its quarterly earnings results on Tuesday, July 23rd. The credit services provider reported $2.21 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $622.92 million. During the same quarter 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. Analysts expect that Enova International, Inc. will post 7.74 EPS for the current year.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on ENVA shares. TD Cowen boosted their price target on shares of Enova International from $70.00 to $76.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Janney Montgomery Scott downgraded Enova International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. JMP Securities upped their price objective on shares of Enova International from $93.00 to $103.00 and gave the company a “market outperform” rating in a research note on Monday. StockNews.com lowered Enova International from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, BTIG Research started coverage on shares of Enova International in a report on Wednesday, August 14th. They issued a “buy” rating and a $90.00 price objective for the company. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Enova International currently has an average rating of “Moderate Buy” and a consensus price target of $80.67.

Insider Activity at Enova International

In other Enova International news, CEO David Fisher sold 10,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $84.45, for a total transaction of $844,500.00. Following the completion of the transaction, the chief executive officer now directly owns 413,239 shares in the company, valued at $34,898,033.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Enova International news, General Counsel Sean Rahilly sold 10,158 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $81.36, for a total value of $826,454.88. Following the completion of the sale, the general counsel now owns 101,949 shares in the company, valued at approximately $8,294,570.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David Fisher sold 10,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $84.45, for a total transaction of $844,500.00. Following the sale, the chief executive officer now directly owns 413,239 shares in the company, valued at $34,898,033.55. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,725 shares of company stock valued at $4,690,053 over the last quarter. 7.80% of the stock is owned by company 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.