Informed Momentum Co LLC Lowers Position in Enova International, Inc. (NYSE:ENVA)

Key Points

• Informed Momentum Co LLC reduced its stake in Enova International by 31.7% in the first quarter, now holding 31,086 shares valued at $3 million.
• A number of institutional investors have adjusted their positions, with 89.43% of the stock currently owned by hedge funds and other institutional shareholders.
• Analysts have positive views on Enova International, with a consensus rating of "Buy" and a target price of $111.00.

Informed Momentum Co LLC lowered its stake in shares of Enova International, Inc. (NYSE:ENVA - Free Report) by 31.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,086 shares of the credit services provider's stock after selling 14,438 shares during the quarter. Informed Momentum Co LLC owned 0.12% of Enova International worth $3,002,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Financial Management Professionals Inc. bought a new position in Enova International in the 1st quarter valued at $28,000. Versant Capital Management Inc grew its stake in Enova International by 521.3% in the 1st quarter. Versant Capital Management Inc now owns 466 shares of the credit services provider's stock valued at $45,000 after purchasing an additional 391 shares during the period. Sterling Capital Management LLC lifted its position in shares of Enova International by 823.0% during the 4th quarter. Sterling Capital Management LLC now owns 803 shares of the credit services provider's stock valued at $77,000 after buying an additional 716 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Enova International by 56.5% during the 1st quarter. GAMMA Investing LLC now owns 1,729 shares of the credit services provider's stock valued at $167,000 after buying an additional 624 shares during the last quarter. Finally, Yorktown Management & Research Co Inc purchased a new position in shares of Enova International during the 1st quarter valued at $217,000. Institutional investors own 89.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ENVA shares. Seaport Res Ptn raised Enova International to a "strong-buy" rating in a report on Wednesday, May 14th. JMP Securities reaffirmed a "market outperform" rating and issued a $135.00 price target on shares of Enova International in a report on Wednesday, April 30th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $111.00.

Enova International Price Performance

Shares of Enova International stock traded down $2.92 during trading on Friday, hitting $107.17. 266,959 shares of the stock traded hands, compared to its average volume of 379,013. The company has a quick ratio of 18.15, a current ratio of 18.15 and a debt-to-equity ratio of 3.23. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 11.38 and a beta of 1.48. The firm's fifty day moving average is $107.00 and its 200-day moving average is $101.01. Enova International, Inc. has a 52 week low of $72.87 and a 52 week high of $119.06.

Enova International (NYSE:ENVA - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The credit services provider reported $3.23 earnings per share (EPS) for the quarter, topping 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 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 company earned $2.21 EPS. Enova International's revenue for the quarter was up 21.6% compared to the same quarter last year. Research analysts expect that Enova International, Inc. will post 10.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Enova International news, CFO Steven E. Cunningham sold 26,310 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $105.72, for a total value of $2,781,493.20. Following the completion of the sale, the chief financial officer owned 131,157 shares in the company, valued at approximately $13,865,918.04. This trade represents a 16.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO James Joseph Lee sold 478 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $105.61, for a total value of $50,481.58. Following the completion of the sale, the chief accounting officer owned 19,751 shares of the company's stock, valued at approximately $2,085,903.11. This trade represents a 2.36% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,788 shares of company stock worth $3,604,965. 8.40% of the stock is currently owned by company 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.