Kendall Capital Management Invests $3.12 Million in Enova International, Inc. $ENVA

Key Points

• Kendall Capital Management initiated a $3.12 million position in Enova International during the second quarter, acquiring 12,950 shares. Institutional investors and hedge funds collectively own 89.43% of the company.
• Analysts remain bullish, with the stock receiving an average rating of “Buy” and a consensus price target of $247.83; Jefferies raised its target to $280.
• Enova exceeded quarterly expectations, reporting adjusted EPS of $4.31 versus the $3.99 consensus and revenue of $928.93 million, up 21.6% year over year. However, insiders sold approximately $12.24 million of shares over the past 90 days.

Kendall Capital Management bought a new stake in Enova International, Inc. (NYSE:ENVA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,950 shares of the credit services provider's stock, valued at approximately $3,117,000. Kendall Capital Management owned approximately 0.05% of Enova International at the end of the most recent quarter.

Several other large investors have also modified their holdings of ENVA. McIlrath & Eck LLC acquired a new stake in Enova International during the 1st quarter worth $34,000. Farther Finance Advisors LLC lifted its position in Enova International by 26.9% in the fourth quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider's stock valued at $47,000 after purchasing an additional 64 shares during the period. Pacer Advisors Inc. boosted its holdings in Enova International by 58.5% in the 1st quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider's stock valued at $56,000 after purchasing an additional 152 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Enova International by 350.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider's stock valued at $50,000 after purchasing an additional 350 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in Enova International by 1,503.3% during the 1st quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider's stock worth $65,000 after purchasing an additional 451 shares during the period. 89.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ENVA shares. Citigroup reiterated a "market outperform" rating on shares of Enova International in a report on Friday, July 24th. Zacks Research raised Enova International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Maxim Group upped their target price on shares of Enova International from $191.00 to $200.00 and gave the company a "buy" rating in a report on Monday, April 27th. Jefferies Financial Group raised their price target on shares of Enova International from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Enova International in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $247.83.

Insider Activity

In related news, Chairman David Fisher sold 33,060 shares of Enova International stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $199.05, for a total value of $6,580,593.00. Following the completion of the sale, the chairman owned 306,444 shares in the company, valued at approximately $60,997,678.20. The trade was a 9.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William M. Goodyear sold 3,500 shares of the business's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $188.02, for a total transaction of $658,070.00. Following the completion of the sale, the director directly owned 50,820 shares of the company's stock, valued at $9,555,176.40. The trade was a 6.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 62,543 shares of company stock worth $12,242,070 over the last ninety days. Corporate insiders own 8.40% of the company's stock.

Enova International Price Performance

Shares of NYSE ENVA opened at $243.24 on Friday. Enova International, Inc. has a 1-year low of $103.02 and a 1-year high of $267.45. The business has a 50-day moving average of $236.77 and a 200-day moving average of $182.92. The company has a debt-to-equity ratio of 3.35, a current ratio of 18.42 and a quick ratio of 18.42. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 18.03 and a beta of 1.22.

Enova International (NYSE:ENVA - Get Free Report) last announced its earnings results on Thursday, July 23rd. The credit services provider reported $4.31 EPS for the quarter, beating the consensus estimate of $3.99 by $0.32. The business had revenue of $928.93 million for the quarter, compared to the consensus estimate of $909.61 million. Enova International had a return on equity of 26.66% and a net margin of 10.31%.The company's revenue was up 21.6% on a year-over-year basis. During the same period last year, the business posted $3.23 EPS. On average, equities analysts anticipate that Enova International, Inc. will post 16.3 EPS for the current fiscal year.

Enova International Profile

Enova International, Inc NYSE: ENVA is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.

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