Russell Investments Group Ltd. Grows Position in Enova International, Inc. $ENVA

Key Points

• Russell Investments Group Ltd. increased its stake in Enova International by 34.7%, now owning approximately $6.15 million worth of shares.
• Although the firm's stock received several rating updates, it currently maintains an average rating of "Buy" with a target price of $111.00.
• Enova International reported a 21.6% year-over-year increase in revenue for the quarter, reaching $764.04 million with effective earnings of $3.23 per share.

Russell Investments Group Ltd. raised its position in Enova International, Inc. (NYSE:ENVA - Free Report) by 34.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,724 shares of the credit services provider's stock after acquiring an additional 16,422 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.25% of Enova International worth $6,153,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Financial Management Professionals Inc. bought a new position in Enova International in the first quarter valued at about $28,000. Versant Capital Management Inc raised its stake in shares of Enova International by 521.3% in the first 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. Sterling Capital Management LLC raised its stake in shares of Enova International by 823.0% in the fourth quarter. Sterling Capital Management LLC now owns 803 shares of the credit services provider's stock worth $77,000 after buying an additional 716 shares during the period. GAMMA Investing LLC raised its stake in shares of Enova International by 56.5% in the first 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. Finally, Yorktown Management & Research Co Inc bought a new position in shares of Enova International in the first quarter worth about $217,000. Institutional investors own 89.43% of the company's stock.

Analyst Ratings Changes

ENVA has been the topic of several recent research reports. 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 issued a $135.00 price objective on shares of Enova International in a research note on Wednesday, April 30th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, Enova International has a consensus rating of "Buy" and a consensus target price of $111.00.

Enova International Price Performance

Shares of NYSE:ENVA traded up $3.70 during trading on Tuesday, hitting $118.31. 222,950 shares of the company's stock were exchanged, compared to its average volume of 284,595. 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, Inc. has a 52-week low of $72.87 and a 52-week high of $119.06. The business's 50-day simple moving average is $109.15 and its 200 day simple moving average is $100.81. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 12.56 and a beta of 1.48.

Enova International (NYSE:ENVA - Get Free Report) last released its earnings results on Thursday, July 24th. The credit services provider reported $3.23 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $756.69 million. During the same quarter last year, the business posted $2.21 earnings per share. The firm's revenue was up 21.6% on a year-over-year basis. As a group, equities analysts predict that Enova International, Inc. will post 10.31 EPS for the current year.

Insider Buying and Selling at Enova International

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

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.