Enova International (NYSE:ENVA) Hits New 1-Year High - Here's Why

Key Points

• Enova International's stock reached a new 52-week high of $130.34, closing at $129.28, indicating strong market performance.
• The company reported earnings per share of $3.23 for the last quarter, surpassing analysts' expectations and showing a 21.6% increase in revenue year-over-year.
• Recent insider transactions included significant stock sales by CEO David Fisher and CFO Steven E. Cunningham, indicating insider activity in the company's shares.

Enova International, Inc. (NYSE:ENVA - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $130.34 and last traded at $129.28, with a volume of 11722 shares trading hands. The stock had previously closed at $127.32.

Enova International Price Performance

The company has a debt-to-equity ratio of 3.23, a quick ratio of 18.15 and a current ratio of 18.15. The business has a 50 day simple moving average of $113.30 and a 200-day simple moving average of $102.94. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 13.50 and a beta of 1.51.

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

Insider Activity

In other Enova International news, CEO David Fisher sold 20,000 shares of the business's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $121.96, for a total value of $2,439,200.00. Following the transaction, the chief executive officer owned 348,223 shares of the company's stock, valued at approximately $42,469,277.08. The trade was a 5.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven E. Cunningham sold 26,310 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $105.72, for a total value of $2,781,493.20. Following the completion of the transaction, the chief financial officer directly owned 131,157 shares in the company, valued at approximately $13,865,918.04. This represents a 16.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,788 shares of company stock worth $6,436,325 over the last 90 days. 8.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Enova International

Several hedge funds have recently made changes to their positions in ENVA. Financial Management Professionals Inc. purchased a new position in Enova International during the first quarter worth about $28,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Enova International by 350.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider's stock worth $50,000 after purchasing an additional 350 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Enova International by 521.3% in the 1st quarter. Versant Capital Management Inc now owns 466 shares of the credit services provider's stock valued at $45,000 after acquiring an additional 391 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Enova International in the 1st quarter valued at about $56,000. Finally, MTM Investment Management LLC bought a new stake in shares of Enova International in the 2nd quarter valued at about $102,000. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

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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