Insider Selling: Enova International, Inc. (NYSE:ENVA) CFO Sells 26,310 Shares of Stock

Key Points

• Enova International's CFO Steven E. Cunningham recently sold 26,310 shares for approximately $2.78 million, resulting in a 16.71% decrease in his ownership of the company’s stock.
• The company reported earnings of $3.23 per share for the last quarter, surpassing analysts' estimates of $3.00, with revenue rising by 21.6% year-over-year to $764.04 million.
• Institutional investors hold 89.43% of Enova International’s stock, indicating strong interest from large investors in the company’s future growth potential.

Enova International, Inc. (NYSE:ENVA - Get Free Report) CFO Steven E. Cunningham sold 26,310 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $105.72, for a total transaction of $2,781,493.20. Following the transaction, the chief financial officer directly owned 131,157 shares of the company's stock, valued at approximately $13,865,918.04. This represents a 16.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Enova International Stock Up 1.3%

Shares of NYSE:ENVA traded up $1.28 during midday trading on Monday, reaching $101.84. The company's stock had a trading volume of 40,285 shares, compared to its average volume of 275,319. The firm has a 50 day moving average of $104.57 and a 200-day moving average of $101.19. The firm has a market capitalization of $2.55 billion, a P/E ratio of 10.84 and a beta of 1.48. The company has a quick ratio of 18.15, a current ratio of 18.15 and a debt-to-equity ratio of 3.23. Enova International, Inc. has a 12-month low of $72.43 and a 12-month high of $119.06.

Enova International (NYSE:ENVA - Get Free Report) last released its earnings results on Thursday, July 24th. The credit services provider reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates of $3.00 by $0.23. The firm had revenue of $764.04 million for the quarter, compared to the consensus estimate of $756.69 million. Enova International had a net margin of 8.75% and a return on equity of 23.33%. The company's revenue was up 21.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.21 EPS. On average, research analysts anticipate that Enova International, Inc. will post 10.31 earnings per share for the current year.

Institutional Trading of Enova International

Hedge funds and other institutional investors have recently modified their holdings of the business. KLP Kapitalforvaltning AS purchased a new stake in Enova International during the 4th quarter valued at about $547,000. New Age Alpha Advisors LLC purchased a new stake in Enova International during the 4th quarter valued at about $371,000. Sterling Capital Management LLC grew its position in Enova International by 823.0% during the 4th quarter. Sterling Capital Management LLC now owns 803 shares of the credit services provider's stock valued at $77,000 after purchasing an additional 716 shares during the last quarter. MetLife Investment Management LLC grew its position in Enova International by 7.8% during the 4th quarter. MetLife Investment Management LLC now owns 15,470 shares of the credit services provider's stock valued at $1,483,000 after purchasing an additional 1,120 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Enova International by 42.7% during the 4th quarter. BNP Paribas Financial Markets now owns 82,872 shares of the credit services provider's stock valued at $7,946,000 after purchasing an additional 24,806 shares during the last quarter. 89.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ENVA shares. Seaport Res Ptn raised shares of Enova International to a "strong-buy" rating in a research note on Wednesday, May 14th. JMP Securities reiterated a "market outperform" rating and set a $135.00 price target on shares of Enova International in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $111.00.

Enova International Company Profile

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.