Quantbot Technologies LP Buys 27,044 Shares of Enova International, Inc. $ENVA

Key Points

• Quantbot Technologies LP significantly increased its stake in Enova International, raising its holdings by 430.4% to own a total of 33,328 shares valued at approximately $3.2 million.
• Research firms have shown positive sentiment toward ENVA, with a consensus rating of "Buy" and a target price of $111.00.
• Enova International recently reported earnings of $3.23 per share, exceeding analyst expectations and demonstrating a 21.6% year-over-year revenue increase.

Quantbot Technologies LP boosted its position in Enova International, Inc. (NYSE:ENVA - Free Report) by 430.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,328 shares of the credit services provider's stock after buying an additional 27,044 shares during the period. Quantbot Technologies LP owned approximately 0.13% of Enova International worth $3,218,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. J.Safra Asset Management Corp raised its stake in shares of Enova International by 6.5% during the 1st 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 during the period. Rowlandmiller & PARTNERS.ADV raised its stake in shares of Enova International by 1.3% during the 1st quarter. Rowlandmiller & PARTNERS.ADV now owns 22,062 shares of the credit services provider's stock worth $2,130,000 after buying an additional 290 shares during the period. Financial Management Professionals Inc. acquired a new position in shares of Enova International during the 1st quarter worth approximately $28,000. Versant Capital Management Inc raised its stake in shares of 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 period. Finally, GAMMA Investing LLC raised its stake in shares of 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 period. Hedge funds and other institutional investors own 89.43% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ENVA shares. Seaport Res Ptn raised Enova International to a "strong-buy" rating in a research note on Wednesday, May 14th. JMP Securities reaffirmed a "market outperform" rating and set a $135.00 target price on shares of Enova International in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $111.00.

Enova International Price Performance

Shares of ENVA stock traded up $6.1950 during trading hours on Friday, hitting $113.9550. The company had a trading volume of 228,801 shares, compared to its average volume of 337,936. Enova International, Inc. has a 12 month low of $72.87 and a 12 month high of $119.06. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 12.10 and a beta of 1.48. The firm's fifty day moving average is $108.32 and its 200 day moving average is $100.89. The company has a debt-to-equity ratio of 3.23, a quick ratio of 18.15 and a current ratio of 18.15.

Enova International (NYSE:ENVA - Get Free Report) last released its quarterly earnings results 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 business had revenue of $764.04 million for the quarter, compared to analyst estimates of $756.69 million. Enova International had a return on equity of 23.33% and a net margin of 8.75%.Enova International's revenue for the quarter was up 21.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.21 EPS. On average, sell-side analysts predict that Enova International, Inc. will post 10.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Enova International news, CFO Steven E. Cunningham sold 26,310 shares of the company's stock in a transaction on 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 transaction, the chief financial officer owned 131,157 shares of the company's stock, valued at approximately $13,865,918.04. This represents a 16.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO James Joseph Lee sold 478 shares of the company's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $105.61, for a total value of $50,481.58. Following the transaction, the chief accounting officer directly owned 19,751 shares in the company, valued at approximately $2,085,903.11. This represents a 2.36% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,788 shares of company stock valued at $3,604,965. 8.40% of the stock is currently owned by corporate insiders.

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.