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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ENVA. Financial Management Professionals Inc. acquired a new position in Enova International in the 1st quarter valued at $28,000. Versant Capital Management Inc raised its holdings 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 acquiring an additional 391 shares in the last quarter. Sterling Capital Management LLC raised its holdings in Enova International by 823.0% in the 4th quarter. Sterling Capital Management LLC now owns 803 shares of the credit services provider's stock valued at $77,000 after acquiring an additional 716 shares in the last quarter. GAMMA Investing LLC raised its holdings in Enova International by 56.5% in the 1st quarter. GAMMA Investing LLC now owns 1,729 shares of the credit services provider's stock valued at $167,000 after acquiring an additional 624 shares in the last quarter. Finally, Yorktown Management & Research Co Inc acquired a new position in Enova International in the 1st quarter valued at $217,000. 89.43% of the stock is owned by institutional investors and hedge funds.

Enova International Trading Down 0.2%

Shares of NYSE ENVA traded down $0.24 during trading on Thursday, reaching $110.04. The company had a trading volume of 211,891 shares, compared to its average volume of 277,164. The company's fifty day moving average price is $106.79 and its 200-day moving average price is $101.05. Enova International, Inc. has a 12 month low of $72.87 and a 12 month high of $119.06. The stock has a market cap of $2.75 billion, a P/E ratio of 11.68 and a beta of 1.48. The company has a quick ratio of 18.15, a current ratio of 18.15 and a debt-to-equity ratio of 3.23.

Enova International (NYSE:ENVA - Get Free Report) last released its quarterly 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. 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 in the previous year, the company posted $2.21 EPS. The business's revenue was up 21.6% on a year-over-year basis. As a group, research analysts expect that Enova International, Inc. will post 10.31 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in 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 objective 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 issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $111.00.

Insider Activity at Enova International

In related news, CAO James Joseph Lee sold 478 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $105.61, for a total transaction of $50,481.58. Following the transaction, the chief accounting officer directly owned 19,751 shares of the company's stock, valued at approximately $2,085,903.11. This represents a 2.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 directly owned 131,157 shares of the company's stock, valued at approximately $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. Insiders have sold a total of 33,788 shares of company stock worth $3,604,965 in the last 90 days. Corporate insiders own 8.40% of the company's stock.

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.