Livforsakringsbolaget Skandia Omsesidigt Buys 48,350 Shares of Enova International, Inc. $ENVA

Key Points

• Livforsakringsbolaget Skandia Omsesidigt raised its stake in Enova International by 238.8%, acquiring a total of 68,600 shares, valued at approximately $7.65 million.
• Enova International reported earnings of $3.23 EPS, exceeding analysts' expectations of $3.00, with revenues up 21.6% year-over-year.
• Insider selling activity includes CFO Steven E. Cunningham selling 26,310 shares and CEO David Fisher selling 20,000 shares, indicating a reduction in their holdings by 16.71% and 5.43% respectively.

Livforsakringsbolaget Skandia Omsesidigt boosted its position in Enova International, Inc. (NYSE:ENVA - Free Report) by 238.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 68,600 shares of the credit services provider's stock after acquiring an additional 48,350 shares during the period. Livforsakringsbolaget Skandia Omsesidigt owned 0.27% of Enova International worth $7,650,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Enova International by 15,008.8% in the 1st quarter. GAMMA Investing LLC now owns 166,952 shares of the credit services provider's stock valued at $16,121,000 after acquiring an additional 165,847 shares during the period. Baird Financial Group Inc. raised its stake in Enova International by 2.1% in the 1st quarter. Baird Financial Group Inc. now owns 154,674 shares of the credit services provider's stock valued at $14,935,000 after acquiring an additional 3,162 shares during the period. Russell Investments Group Ltd. raised its stake in Enova International by 34.7% in the 1st quarter. Russell Investments Group Ltd. now owns 63,724 shares of the credit services provider's stock valued at $6,153,000 after acquiring an additional 16,422 shares during the period. Martingale Asset Management L P raised its stake in Enova International by 91.6% in the 1st quarter. Martingale Asset Management L P now owns 36,628 shares of the credit services provider's stock valued at $3,537,000 after acquiring an additional 17,514 shares during the period. Finally, Quantbot Technologies LP raised its stake in Enova International by 430.4% in the 1st quarter. Quantbot Technologies LP now owns 33,328 shares of the credit services provider's stock valued at $3,218,000 after acquiring an additional 27,044 shares during the period. 89.43% of the stock is currently owned by institutional investors.

Enova International Price Performance

Shares of ENVA traded down $1.04 during midday trading on Friday, hitting $125.81. 668,960 shares of the company traded hands, compared to its average volume of 293,042. The stock has a 50-day moving average of $113.06 and a 200-day moving average of $102.58. Enova International, Inc. has a one year low of $79.41 and a one year high of $128.60. The firm has a market cap of $3.15 billion, a P/E ratio of 13.36 and a beta of 1.52. 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 announced its quarterly earnings results on Thursday, July 24th. The credit services provider reported $3.23 earnings per share for the quarter, beating the consensus estimate 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 business posted $2.21 earnings per share. The company's revenue was up 21.6% on a year-over-year basis. As a group, sell-side analysts predict that Enova International, Inc. will post 10.31 EPS for the current fiscal year.

Insider Activity

In other news, CEO David Fisher sold 20,000 shares of the company's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $121.96, for a total transaction of $2,439,200.00. Following the sale, the chief executive officer directly owned 348,223 shares in the company, valued at $42,469,277.08. This represents a 5.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO James Joseph Lee sold 478 shares of the company'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 owned 19,751 shares in the company, valued at approximately $2,085,903.11. This represents a 2.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,788 shares of company stock worth $6,436,325 over the last ninety days. Company insiders own 8.40% of the company's stock.

About Enova International

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.