Amundi Makes New Investment in Enova International, Inc. $ENVA

Key Points

• Amundi acquired 20,468 shares of Enova International, valued at approximately $1.9 million, representing a new position in the credit services provider.
• Enova International reported a 21.6% year-over-year revenue increase in its latest earnings, with earnings per share at $3.23, surpassing analyst expectations.
• Insider trading activity included significant sales, with CEO David Fisher selling 20,000 shares, resulting in a 5.43% decrease in his holdings.

Amundi acquired a new position in shares of Enova International, Inc. (NYSE:ENVA - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 20,468 shares of the credit services provider's stock, valued at approximately $1,886,000. Amundi owned approximately 0.08% of Enova International at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Management Professionals Inc. purchased a new stake in Enova International during the 1st quarter valued at $28,000. Versant Capital Management Inc increased its stake in Enova International by 521.3% in the first quarter. Versant Capital Management Inc now owns 466 shares of the credit services provider's stock worth $45,000 after purchasing an additional 391 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Enova International in the first quarter worth $56,000. GAMMA Investing LLC increased its stake in Enova International by 56.5% in the first quarter. GAMMA Investing LLC now owns 1,729 shares of the credit services provider's stock worth $167,000 after purchasing an additional 624 shares during the period. Finally, Yorktown Management & Research Co Inc purchased a new stake in Enova International in the first quarter worth $217,000. Hedge funds and other institutional investors own 89.43% of the company's stock.

Enova International Trading Up 1.3%

ENVA stock traded up $1.48 during midday trading on Monday, reaching $116.62. The company's stock had a trading volume of 206,373 shares, compared to its average volume of 236,599. 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 stock has a fifty day simple moving average of $112.41 and a two-hundred day simple moving average of $101.91. Enova International, Inc. has a 1 year low of $78.79 and a 1 year high of $124.29. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 12.38 and a beta of 1.51.

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

Insider Activity at Enova International

In related news, CEO David Fisher sold 20,000 shares of the firm's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $121.96, for a total transaction of $2,439,200.00. Following the sale, the chief executive officer owned 348,223 shares of the company's stock, valued at $42,469,277.08. This trade represents a 5.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO James Joseph Lee sold 478 shares of the firm's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $105.61, for a total value of $50,481.58. Following the sale, the chief accounting officer directly owned 19,751 shares in the company, valued at approximately $2,085,903.11. The trade was a 2.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,788 shares of company stock valued at $6,633,165 over the last quarter. 8.40% of the stock is owned by corporate 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.