Livforsakringsbolaget Skandia Omsesidigt Buys 4,300 Shares of Enova International, Inc. $ENVA

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Enova International, Inc. by 21.2%, owning approximately 24,550 shares valued at $2.736 million.
• The stock price of Enova International opened at $125.81, with a 52-week low of $79.41 and a high of $128.60, while its recent earnings exceeded analyst expectations.
• Insider sales were notable, with CFO Steven E. Cunningham and CEO David Fisher both selling shares, leading to a decrease in their positions of 16.71% and 5.43%, respectively.

Livforsakringsbolaget Skandia Omsesidigt lifted its position in Enova International, Inc. (NYSE:ENVA - Free Report) by 21.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,550 shares of the credit services provider's stock after acquiring an additional 4,300 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned 0.10% of Enova International worth $2,736,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ENVA. Financial Management Professionals Inc. acquired a new position in shares of Enova International in the 1st quarter worth $28,000. Versant Capital Management Inc grew 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 valued at $45,000 after buying an additional 391 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Enova International during the first quarter valued at $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 in the last quarter. Finally, Yorktown Management & Research Co Inc purchased a new position in shares of Enova International during the first quarter valued at $217,000. 89.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO David Fisher sold 20,000 shares of the company's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $121.96, for a total value of $2,439,200.00. Following the sale, the chief executive officer owned 348,223 shares in the company, valued at $42,469,277.08. This represents a 5.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Steven E. Cunningham sold 26,310 shares of the 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 transaction, the chief financial officer directly owned 131,157 shares of the company's stock, valued at $13,865,918.04. This represents a 16.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,788 shares of company stock worth $6,436,325. Corporate insiders own 8.40% of the company's stock.

Enova International Stock Up 0.6%

Shares of ENVA stock traded up $0.71 on Tuesday, reaching $128.03. 48,306 shares of the company's stock traded hands, compared to its average volume of 279,105. The company has a market capitalization of $3.20 billion, a P/E ratio of 13.59 and a beta of 1.51. Enova International, Inc. has a 12-month low of $79.41 and a 12-month high of $130.34. The company has a debt-to-equity ratio of 3.23, a quick ratio of 18.15 and a current ratio of 18.15. The business's 50 day moving average price is $113.30 and its two-hundred day moving average price is $102.94.

Enova International (NYSE:ENVA - Get Free Report) last posted 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 business 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 revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.21 EPS. On average, equities analysts forecast that Enova International, Inc. will post 10.31 earnings per share for the current year.

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.