Quantbot Technologies LP Boosts Position in 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 grew its stake in shares of Enova International, Inc. (NYSE:ENVA - Free Report) by 430.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,328 shares of the credit services provider's stock after purchasing an additional 27,044 shares during the quarter. Quantbot Technologies LP owned approximately 0.13% of Enova International worth $3,218,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ENVA. Sterling Capital Management LLC boosted its stake in shares of Enova International by 823.0% during the fourth quarter. Sterling Capital Management LLC now owns 803 shares of the credit services provider's stock valued at $77,000 after purchasing an additional 716 shares during the period. MetLife Investment Management LLC boosted its stake in shares of Enova International by 7.8% during the fourth quarter. MetLife Investment Management LLC now owns 15,470 shares of the credit services provider's stock valued at $1,483,000 after purchasing an additional 1,120 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Enova International by 42.7% during the fourth quarter. BNP Paribas Financial Markets now owns 82,872 shares of the credit services provider's stock valued at $7,946,000 after purchasing an additional 24,806 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Enova International by 32.2% during the fourth quarter. Lazard Asset Management LLC now owns 28,934 shares of the credit services provider's stock valued at $2,773,000 after purchasing an additional 7,043 shares during the period. Finally, Versant Capital Management Inc boosted its stake 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 purchasing an additional 391 shares during the period. 89.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Enova International

In related news, CEO David Fisher sold 5,000 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $115.23, for a total value of $576,150.00. Following the completion of the transaction, the chief executive officer directly owned 348,223 shares of the company's stock, valued at $40,125,736.29. This trade represents a 1.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO James Joseph Lee sold 478 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $105.61, for a total transaction of $50,481.58. Following the completion of the transaction, the chief accounting officer directly owned 19,751 shares of the company's stock, valued at $2,085,903.11. The trade was a 2.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,788 shares of company stock valued at $3,604,965 in the last three months. 8.40% of the stock is owned by insiders.

Enova International Stock Up 0.4%

NYSE ENVA traded up $0.4650 during trading on Monday, hitting $114.4450. The company's stock had a trading volume of 38,575 shares, compared to its average volume of 272,981. The company has a debt-to-equity ratio of 3.23, a current ratio of 18.15 and a quick ratio of 18.15. The company has a market cap of $2.86 billion, a PE ratio of 12.16 and a beta of 1.48. The business's 50 day simple moving average is $108.32 and its 200-day simple moving average is $100.68. Enova International, Inc. has a fifty-two week low of $72.87 and a fifty-two week high of $119.06.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ENVA shares. JMP Securities reissued a "market outperform" rating and set a $135.00 target price on shares of Enova International in a research note on Wednesday, April 30th. Seaport Res Ptn raised shares of Enova International to a "strong-buy" rating in a research note on Wednesday, May 14th. 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.com, the stock presently has an average rating of "Buy" and a consensus price target of $111.00.

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.