CX Institutional Boosts Holdings in Enova International, Inc. $ENVA

Key Points

• CX Institutional increased its holdings in Enova International by 151.5%, now owning approximately 0.27% of the company valued at $7.5 million.
• Enova International recently posted a 21.6% year-over-year increase in quarterly revenue, reporting $764.04 million and an EPS of $3.23, exceeding analyst estimates.
• Insider trading activity includes CEO David Fisher selling 20,000 shares valued at $2.44 million, reducing his ownership by 5.43%.

CX Institutional raised its position in Enova International, Inc. (NYSE:ENVA - Free Report) by 151.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,538 shares of the credit services provider's stock after acquiring an additional 40,681 shares during the quarter. CX Institutional owned approximately 0.27% of Enova International worth $7,532,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ENVA. GAMMA Investing LLC lifted its position in shares of 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 buying an additional 165,847 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Enova International by 238.8% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 68,600 shares of the credit services provider's stock worth $7,650,000 after buying an additional 48,350 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of Enova International by 430.4% during the 1st 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. Jump Financial LLC increased its holdings in shares of Enova International by 430.1% in the 1st quarter. Jump Financial LLC now owns 25,746 shares of the credit services provider's stock valued at $2,486,000 after acquiring an additional 20,889 shares during the period. Finally, Amundi acquired a new position in shares of Enova International in the 1st quarter valued at $1,886,000. Hedge funds and other institutional investors own 89.43% of the company's stock.

Insider Buying and Selling at Enova International

In other Enova International news, CAO James Joseph Lee sold 478 shares of the business's stock in a transaction 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Fisher sold 20,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer owned 348,223 shares in the company, valued at approximately $42,469,277.08. This trade represents a 5.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,788 shares of company stock valued at $6,436,325. 8.40% of the stock is owned by company insiders.

Enova International Stock Performance

Shares of Enova International stock opened at $125.81 on Friday. The firm's fifty day simple moving average is $113.06 and its 200-day simple moving average is $102.58. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 13.36 and a beta of 1.52. Enova International, Inc. has a 12 month low of $79.41 and a 12 month high of $128.60. 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 announced its earnings results on Thursday, July 24th. The credit services provider reported $3.23 EPS for the quarter, beating analysts' consensus estimates of $3.00 by $0.23. The business had revenue of $764.04 million for 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 quarterly revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.21 EPS. As a group, equities analysts forecast that Enova International, Inc. will post 10.31 earnings per share for the current year.

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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