Enova International (NYSE:ENVA) CEO David Fisher Sells 20,000 Shares

Key Points

• David Fisher, CEO of Enova International, sold 20,000 shares at an average price of $121.96, amounting to a total of $2,439,200, reducing his ownership to 348,223 shares.
• Enova International's stock price fell 1.5% to $118.42, with a market cap of $2.96 billion and a year-over-year revenue increase of 21.6%.
• Institutional investors hold 89.43% of Enova International’s stock, with significant recent purchases from various hedge funds.

Enova International, Inc. (NYSE:ENVA - Get Free Report) CEO David Fisher sold 20,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $121.96, for a total transaction of $2,439,200.00. Following the completion of the sale, the chief executive officer directly owned 348,223 shares in the company, valued at approximately $42,469,277.08. This represents a 5.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

David Fisher also recently made the following trade(s):

• On Tuesday, August 26th, David Fisher sold 5,000 shares of Enova International stock. The stock was sold at an average price of $117.80, for a total transaction of $589,000.00.
• On Monday, July 14th, David Fisher sold 5,000 shares of Enova International stock. The stock was sold at an average price of $115.23, for a total transaction of $576,150.00.
• On Friday, June 20th, David Fisher sold 2,000 shares of Enova International stock. The stock was sold at an average price of $98.42, for a total transaction of $196,840.00.

Enova International Stock Down 1.5%

Shares of Enova International stock traded down $1.76 during trading on Monday, hitting $118.42. 293,643 shares of the stock were exchanged, compared to its average volume of 274,354. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 12.57 and a beta of 1.51. The firm's 50-day moving average price is $112.14 and its 200 day moving average price is $101.30. Enova International, Inc. has a 12-month low of $72.87 and a 12-month high of $124.29. The company has a debt-to-equity ratio of 3.23, a current ratio of 18.15 and a quick ratio of 18.15.

Enova International (NYSE:ENVA - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The credit services provider reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.23. The business had revenue of $764.04 million during the quarter, compared to analysts' expectations 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 for the quarter was up 21.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.21 EPS. As a group, analysts forecast that Enova International, Inc. will post 10.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Seaport Res Ptn raised shares of Enova International to a "strong-buy" rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. According to MarketBeat.com, Enova International currently has an average rating of "Buy" and an average price target of $111.00.

Institutional Trading of Enova International

Hedge funds have recently made changes to their positions in the company. Financial Management Professionals Inc. acquired a new position in Enova International during the first quarter worth about $28,000. Versant Capital Management Inc lifted its stake in shares of Enova International by 521.3% during the first quarter. Versant Capital Management Inc now owns 466 shares of the credit services provider's stock valued at $45,000 after buying an additional 391 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Enova International by 350.0% during the second quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider's stock valued at $50,000 after buying an additional 350 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Enova International during the first quarter valued at approximately $56,000. Finally, MTM Investment Management LLC purchased a new position in shares of Enova International during the second quarter valued at approximately $102,000. Institutional investors and hedge funds own 89.43% of the company's stock.

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.

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