Enova International, Inc. $ENVA Shares Purchased by Jump Financial LLC

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 lifted its stake in Enova International, Inc. (NYSE:ENVA - Free Report) by 430.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,746 shares of the credit services provider's stock after purchasing an additional 20,889 shares during the quarter. Jump Financial LLC owned about 0.10% of Enova International worth $2,486,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Enova International by 56.5% in the first quarter. GAMMA Investing LLC now owns 1,729 shares of the credit services provider's stock valued at $167,000 after purchasing an additional 624 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Enova International in the first quarter valued at approximately $824,000. BNP Paribas Financial Markets increased its holdings in shares of 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 purchasing an additional 24,806 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Enova International by 34.7% in the first quarter. Russell Investments Group Ltd. now owns 63,724 shares of the credit services provider's stock valued at $6,153,000 after purchasing an additional 16,422 shares during the last quarter. Finally, Martingale Asset Management L P increased its holdings in shares of Enova International by 91.6% in the first quarter. Martingale Asset Management L P now owns 36,628 shares of the credit services provider's stock valued at $3,537,000 after purchasing an additional 17,514 shares during the last quarter. Institutional investors and hedge funds own 89.43% of the company's stock.

Insider Activity at Enova International

In related news, CEO David Fisher sold 5,000 shares of Enova International stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $117.80, for a total value of $589,000.00. Following the completion of the sale, the chief executive officer owned 348,223 shares in the company, valued at approximately $41,020,669.40. This trade represents a 1.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven E. Cunningham sold 26,310 shares of Enova International stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $105.72, for a total transaction of $2,781,493.20. Following the completion of the sale, the chief financial officer owned 131,157 shares of the company's stock, valued at $13,865,918.04. This trade represents a 16.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,788 shares of company stock worth $4,193,965. Insiders own 8.40% of the company's stock.

Enova International Trading Down 0.4%

ENVA traded down $0.48 during trading hours on Monday, reaching $121.27. The company's stock had a trading volume of 229,192 shares, compared to its average volume of 251,679. Enova International, Inc. has a fifty-two week low of $72.87 and a fifty-two week high of $123.48. The stock has a market cap of $3.03 billion, a PE ratio of 12.87 and a beta of 1.51. The business's 50-day moving average is $110.95 and its 200-day moving average is $100.97. 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 released its quarterly earnings data 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 analysts' expectations of $756.69 million. During the same period in the prior year, the firm posted $2.21 earnings per share. The firm's quarterly revenue was up 21.6% on a year-over-year basis. As a group, equities research analysts predict that Enova International, Inc. will post 10.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Seaport Res Ptn raised Enova International to a "strong-buy" rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price 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.