Enova International (NYSE:ENVA) Hits New 52-Week High - Should You Buy?

Key Points

• Enova International reached a new 52-week high of $126.06 during trading, reflecting a notable increase from its previous closing price of $121.13.
• The company reported earnings per share (EPS) of $3.23 for the latest quarter, exceeding estimates and marking a 21.6% increase in revenue compared to last year.
• Insider trading disclosed that CEO David Fisher sold 20,000 shares, decreasing his ownership by 5.43%, while institutional investors now own 89.43% of the company’s stock.

Enova International, Inc. (NYSE:ENVA - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $126.06 and last traded at $125.13, with a volume of 127597 shares. The stock had previously closed at $121.13.

Enova International Trading Down 0.8%

The firm has a market capitalization of $3.15 billion, a P/E ratio of 13.36 and a beta of 1.51. The business's 50-day moving average is $113.06 and its 200 day moving average is $102.69. 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 results on Thursday, July 24th. The credit services provider reported $3.23 EPS for the quarter, topping analysts' consensus estimates of $3.00 by $0.23. Enova International had a net margin of 8.75% and a return on equity of 23.33%. The business had revenue of $764.04 million for the quarter, compared to analyst estimates of $756.69 million. During the same period last year, the firm earned $2.21 earnings per share. Enova International's revenue for the quarter was up 21.6% compared to the same quarter last year. As a group, analysts anticipate that Enova International, Inc. will post 10.31 EPS for the current fiscal year.

Insider Buying and Selling at Enova International

In related news, CEO David Fisher sold 20,000 shares of Enova International 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 sale, the chief executive officer directly 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steven E. Cunningham sold 26,310 shares of Enova International 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 sale, the chief financial officer directly owned 131,157 shares in the company, valued at $13,865,918.04. This trade represents a 16.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,788 shares of company stock valued at $6,436,325 in the last ninety days. 8.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Enova International

A number of institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its holdings in Enova International by 15,008.8% during the 1st quarter. GAMMA Investing LLC now owns 166,952 shares of the credit services provider's stock worth $16,121,000 after acquiring an additional 165,847 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Enova International by 0.8% in the 2nd quarter. Baird Financial Group Inc. now owns 155,950 shares of the credit services provider's stock worth $17,392,000 after purchasing an additional 1,276 shares during the period. Loomis Sayles & Co. L P acquired a new position in shares of Enova International in the 2nd quarter worth approximately $11,152,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Enova International by 238.8% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 68,600 shares of the credit services provider's stock worth $7,650,000 after purchasing an additional 48,350 shares during the period. Finally, CX Institutional lifted its position in shares of Enova International by 151.5% during the 2nd quarter. CX Institutional now owns 67,538 shares of the credit services provider's stock valued at $7,532,000 after acquiring an additional 40,681 shares during the period. 89.43% of the stock is owned by institutional investors.

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.