Livforsakringsbolaget Skandia Omsesidigt Increases Stake in 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 lifted its stake in Enova International, Inc. (NYSE:ENVA - Free Report) by 238.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 68,600 shares of the credit services provider's stock after purchasing an additional 48,350 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned about 0.27% of Enova International worth $7,650,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Financial Management Professionals Inc. purchased a new position in Enova International during the 1st quarter worth approximately $28,000. Versant Capital Management Inc raised its position in Enova International by 521.3% during the 1st quarter. Versant Capital Management Inc now owns 466 shares of the credit services provider's stock worth $45,000 after buying an additional 391 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Enova International during the 1st quarter worth approximately $56,000. GAMMA Investing LLC raised its position in Enova International by 56.5% during the 1st quarter. GAMMA Investing LLC now owns 1,729 shares of the credit services provider's stock worth $167,000 after buying an additional 624 shares during the last quarter. Finally, Yorktown Management & Research Co Inc purchased a new position in Enova International during the 1st quarter worth approximately $217,000. 89.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Steven E. Cunningham sold 26,310 shares of the firm's 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David Fisher sold 20,000 shares of the firm's stock in a transaction that occurred on 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. The trade was a 5.43% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,788 shares of company stock valued at $6,633,165. 8.40% of the stock is owned by insiders.

Enova International Stock Performance

ENVA opened at $116.62 on Tuesday. Enova International, Inc. has a 12-month low of $78.79 and a 12-month high of $124.29. The company has a current ratio of 18.15, a quick ratio of 18.15 and a debt-to-equity ratio of 3.23. The firm has a market capitalization of $2.92 billion, a PE ratio of 12.38 and a beta of 1.51. The firm has a 50 day moving average of $112.41 and a two-hundred day moving average of $101.91.

Enova International (NYSE:ENVA - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The credit services provider reported $3.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.00 by $0.23. Enova International had a net margin of 8.75% and a return on equity of 23.33%. The company had revenue of $764.04 million during the quarter, compared to analyst estimates of $756.69 million. During the same period last year, the firm posted $2.21 EPS. Enova International's revenue for the quarter was up 21.6% compared to the same quarter last year. On average, analysts anticipate that Enova International, Inc. will post 10.31 EPS for the current year.

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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