Bank of New York Mellon Corp Reduces Stock Holdings in Enova International, Inc. (NYSE:ENVA)

Bank of New York Mellon Corp lowered its position in shares of Enova International, Inc. (NYSE:ENVA - Free Report) by 3.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 179,307 shares of the credit services provider's stock after selling 7,229 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.70% of Enova International worth $17,314,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Enova International by 56.5% during 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. New Age Alpha Advisors LLC acquired a new stake in shares of Enova International during the fourth quarter worth $371,000. SG Americas Securities LLC acquired a new stake in shares of Enova International during the first quarter worth $824,000. BNP Paribas Financial Markets grew its stake in Enova International by 42.7% in the fourth quarter. BNP Paribas Financial Markets now owns 82,872 shares of the credit services provider's stock valued at $7,946,000 after acquiring an additional 24,806 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in Enova International by 672.9% in the fourth quarter. Farther Finance Advisors LLC now owns 371 shares of the credit services provider's stock valued at $36,000 after acquiring an additional 323 shares during the period. Institutional investors own 89.43% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ENVA shares. TD Cowen raised Enova International from a "hold" rating to a "buy" rating and set a $17.00 target price for the company in a research note on Tuesday, April 1st. JMP Securities reaffirmed a "market outperform" rating and set a $135.00 price objective on shares of Enova International in a research report on Wednesday, April 30th. Finally, Seaport Res Ptn raised Enova International to a "strong-buy" rating in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $111.00.

Enova International Stock Performance

Shares of NYSE ENVA traded down $1.03 during trading hours on Friday, reaching $113.86. 195,044 shares of the stock were exchanged, compared to its average volume of 242,898. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 13.41 and a beta of 1.48. The company has a debt-to-equity ratio of 3.14, a quick ratio of 18.55 and a current ratio of 18.55. Enova International, Inc. has a 52 week low of $71.59 and a 52 week high of $119.06. The stock's fifty day simple moving average is $102.11 and its 200 day simple moving average is $100.56.

Enova International (NYSE:ENVA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $2.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.77 by $0.21. The business had revenue of $745.54 million for the quarter, compared to the consensus estimate of $734.14 million. Enova International had a return on equity of 21.79% and a net margin of 8.38%. The firm's quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.91 earnings per share. Sell-side analysts predict that Enova International, Inc. will post 10.31 EPS for the current year.

Insiders Place Their Bets

In other news, CEO David Fisher sold 5,000 shares of the firm's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $115.23, for a total value of $576,150.00. Following the completion of the sale, the chief executive officer directly owned 348,223 shares in the company, valued at $40,125,736.29. This trade represents a 1.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Sean Rahilly sold 9,046 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $95.05, for a total value of $859,822.30. Following the completion of the sale, the general counsel owned 103,842 shares of the company's stock, valued at approximately $9,870,182.10. This represents a 8.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,046 shares of company stock valued at $1,830,112 over the last quarter. 8.40% of the stock is owned by corporate insiders.

Enova International 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.