Kendall Capital Management Invests $544,000 in Enova International, Inc. $ENVA

Key Points

• Kendall Capital Management invested approximately $544,000 in Enova International, acquiring 4,880 shares in the second quarter, indicating growing institutional interest in the credit services provider.
• Wall Street analysts have given Enova International a consensus rating of "Buy" with a target price of $111.00, despite Zacks Research downgrading its rating from "strong-buy" to "hold."
• Enova International reported strong quarterly earnings, with an EPS of $3.23, exceeding analyst estimates, and a revenue increase of 21.6% compared to the previous year.

Kendall Capital Management acquired a new position in shares of Enova International, Inc. (NYSE:ENVA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,880 shares of the credit services provider's stock, valued at approximately $544,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. J.Safra Asset Management Corp grew its position in shares of Enova International by 6.5% during the first quarter. J.Safra Asset Management Corp now owns 3,784 shares of the credit services provider's stock worth $365,000 after buying an additional 232 shares in the last quarter. Rowlandmiller & PARTNERS.ADV boosted its holdings in shares of Enova International by 1.3% in the first quarter. Rowlandmiller & PARTNERS.ADV now owns 22,062 shares of the credit services provider's stock valued at $2,130,000 after acquiring an additional 290 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of Enova International in the first quarter valued at approximately $28,000. Versant Capital Management Inc lifted its holdings in shares of Enova International by 521.3% during the first quarter. Versant Capital Management Inc now owns 466 shares of the credit services provider's stock worth $45,000 after purchasing an additional 391 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Enova International during the first quarter worth $56,000. 89.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Enova International from a "strong-buy" rating to a "hold" rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $111.00.

Enova International Trading Down 0.7%

Shares of ENVA stock opened at $121.96 on Friday. Enova International, Inc. has a fifty-two week low of $79.41 and a fifty-two week high of $130.34. The stock has a market cap of $3.05 billion, a P/E ratio of 12.95 and a beta of 1.52. The business has a fifty day simple moving average of $114.07 and a 200-day simple moving average of $103.81. 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 posted its quarterly earnings data on Thursday, July 24th. The credit services provider reported $3.23 EPS for the quarter, topping analysts' consensus estimates of $3.00 by $0.23. The firm had revenue of $764.04 million during the quarter, compared to analysts' expectations of $756.69 million. Enova International had a return on equity of 23.33% and a net margin of 8.75%.The firm's quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.21 EPS. On average, analysts forecast that Enova International, Inc. will post 10.31 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Steven E. Cunningham sold 26,310 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David Fisher sold 35,000 shares of the firm's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $125.55, for a total value of $4,394,250.00. Following the sale, the chief executive officer owned 348,223 shares in the company, valued at approximately $43,719,397.65. The trade was a 9.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,788 shares of company stock valued at $11,585,915 in the last three months. Corporate insiders own 8.40% of the company's stock.

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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