Baird Financial Group Inc. Purchases 3,162 Shares of Enova International, Inc. $ENVA

Key Points

• Baird Financial Group Inc. increased its stake in Enova International, Inc. by 2.1%, owning approximately 0.61% of the company valued at $14.94 million.
• Analysts have a consensus rating of "Buy" for Enova International, with a target price of $111.00, following a recent upgrade to a "strong-buy" rating from Seaport Res Ptn.
• Enova International reported a quarterly earnings per share (EPS) of $3.23, exceeding analyst estimates of $3.00, and showing a 21.6% year-over-year revenue growth.

Baird Financial Group Inc. grew its position in Enova International, Inc. (NYSE:ENVA - Free Report) by 2.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 154,674 shares of the credit services provider's stock after buying an additional 3,162 shares during the period. Baird Financial Group Inc. owned approximately 0.61% of Enova International worth $14,935,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Jump Financial LLC raised its holdings in Enova International by 430.1% in the first quarter. Jump Financial LLC now owns 25,746 shares of the credit services provider's stock worth $2,486,000 after buying an additional 20,889 shares during the last quarter. Martingale Asset Management L P raised its holdings in Enova International by 91.6% in the first quarter. Martingale Asset Management L P now owns 36,628 shares of the credit services provider's stock worth $3,537,000 after buying an additional 17,514 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Enova International in the first quarter worth about $56,000. Quantbot Technologies LP raised its holdings in Enova International by 430.4% in the first quarter. Quantbot Technologies LP now owns 33,328 shares of the credit services provider's stock worth $3,218,000 after buying an additional 27,044 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Enova International by 34.7% during the first quarter. Russell Investments Group Ltd. now owns 63,724 shares of the credit services provider's stock valued at $6,153,000 after purchasing an additional 16,422 shares during the last quarter. 89.43% of the stock is owned by hedge funds and other institutional investors.

Enova International Stock Performance

Shares of ENVA traded down $3.15 during mid-day trading on Friday, hitting $120.23. 382,210 shares of the company traded hands, compared to its average volume of 228,669. 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 50-day moving average price of $112.14 and a two-hundred day moving average price of $101.33. Enova International, Inc. has a 1 year low of $72.87 and a 1 year high of $124.29. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 12.76 and a beta of 1.52.

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 for the quarter, beating the consensus estimate of $3.00 by $0.23. Enova International had a net margin of 8.75% and a return on equity of 23.33%. The firm had revenue of $764.04 million during the quarter, compared to analysts' expectations of $756.69 million. During the same period in the previous year, the company earned $2.21 earnings per share. The firm's quarterly revenue was up 21.6% on a year-over-year basis. Equities analysts anticipate that Enova International, Inc. will post 10.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Seaport Res Ptn raised shares of Enova International to a "strong-buy" rating in a report on Wednesday, May 14th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $111.00.

Insider Activity at Enova International

In related news, CAO James Joseph Lee sold 478 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $105.61, for a total transaction of $50,481.58. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 sale, the chief financial officer owned 131,157 shares of the company's stock, 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. Over the last ninety days, insiders sold 38,788 shares of company stock worth $4,193,965. 8.40% of the stock is owned by company insiders.

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.