Jump Financial LLC Buys 20,889 Shares of Enova International, Inc. $ENVA

Key Points

• Jump Financial LLC significantly increased its stake in Enova International by 430.1%, now holding 25,746 shares worth approximately $2.49 million.
• Enova International's quarterly earnings report showed earnings per share of $3.23, exceeding estimates and representing a 21.6% year-over-year revenue growth.
• Analysts maintain a consensus "Buy" rating for Enova International with a price target of $111.00, following recent upgrades from research firms.

Jump Financial LLC raised its stake in Enova International, Inc. (NYSE:ENVA - Free Report) by 430.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,746 shares of the credit services provider's stock after acquiring an additional 20,889 shares during the period. Jump Financial LLC owned approximately 0.10% of Enova International worth $2,486,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ENVA. Financial Management Professionals Inc. bought a new position in Enova International in the 1st quarter worth about $28,000. Versant Capital Management Inc raised its holdings in Enova International by 521.3% in the first quarter. Versant Capital Management Inc now owns 466 shares of the credit services provider's stock worth $45,000 after buying an additional 391 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Enova International in the first quarter worth approximately $56,000. GAMMA Investing LLC grew its holdings 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 valued at $167,000 after buying an additional 624 shares during the last quarter. Finally, Yorktown Management & Research Co Inc purchased a new stake in shares of Enova International during the first quarter valued at approximately $217,000. Hedge funds and other institutional investors own 89.43% of the company's stock.

Enova International Stock Up 3.2%

ENVA stock opened at $118.31 on Wednesday. The business's 50-day moving average is $109.15 and its two-hundred day moving average is $100.81. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 12.56 and a beta of 1.48. Enova International, Inc. has a fifty-two week low of $72.87 and a fifty-two week high of $119.06. The company has a debt-to-equity ratio of 3.23, a quick ratio of 18.15 and a current ratio of 18.15.

Enova International (NYSE:ENVA - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The credit services provider reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.00 by $0.23. The firm 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 business's quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.21 EPS. As a group, analysts forecast that Enova International, Inc. will post 10.31 earnings per share for the current year.

Insider Transactions at Enova International

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on ENVA. JMP Securities reaffirmed a "market outperform" rating and issued a $135.00 price objective on shares of Enova International in a research report on Wednesday, April 30th. Seaport Res Ptn upgraded Enova International to a "strong-buy" rating in a research note on Wednesday, May 14th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to MarketBeat, Enova International presently has a consensus rating of "Buy" and a consensus price target of $111.00.

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.

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