GAMMA Investing LLC Raises Stock Position in Enova International, Inc. (NYSE:ENVA)

GAMMA Investing LLC raised its stake in shares of Enova International, Inc. (NYSE:ENVA) by 56.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,729 shares of the credit services provider’s stock after purchasing an additional 624 shares during the quarter. GAMMA Investing LLC’s holdings in Enova International were worth $167,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Tieton Capital Management LLC lifted its stake in shares of Enova International by 0.7% in the 4th quarter. Tieton Capital Management LLC now owns 132,760 shares of the credit services provider’s stock valued at $12,729,000 after purchasing an additional 900 shares during the period. BNP Paribas Financial Markets grew its stake in Enova International by 42.7% in the fourth quarter. BNP Paribas Financial Markets now owns 82,872 shares of the credit services provider’s stock worth $7,946,000 after purchasing an additional 24,806 shares during the period. Lazard Asset Management LLC grew its stake in Enova International by 32.2% in the fourth quarter. Lazard Asset Management LLC now owns 28,934 shares of the credit services provider’s stock worth $2,773,000 after purchasing an additional 7,043 shares during the period. MetLife Investment Management LLC raised its holdings in Enova International by 7.8% in the fourth quarter. MetLife Investment Management LLC now owns 15,470 shares of the credit services provider’s stock worth $1,483,000 after purchasing an additional 1,120 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Enova International during the fourth quarter valued at $547,000. 89.43% of the stock is currently owned by institutional investors.

Enova International Trading Up 0.3%

NYSE ENVA opened at $115.77 on Friday. Enova International, Inc. has a 12 month low of $60.83 and a 12 month high of $117.56. The company has a current ratio of 18.55, a quick ratio of 18.55 and a debt-to-equity ratio of 3.14. The stock’s fifty day moving average price is $97.98 and its 200-day moving average price is $99.30. The stock has a market cap of $2.94 billion, a P/E ratio of 13.64 and a beta of 1.48.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $2.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.21. Enova International had a net margin of 8.38% and a return on equity of 21.79%. The company had revenue of $745.54 million for the quarter, compared to analysts’ expectations of $734.14 million. During the same quarter in the previous year, the business posted $1.91 EPS. Enova International’s revenue was up 22.2% compared to the same quarter last year. As a group, equities analysts forecast that Enova International, Inc. will post 10.31 EPS for the current fiscal year.

Insider Activity

In other news, CEO David Fisher sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $98.42, for a total value of $196,840.00. Following the transaction, the chief executive officer owned 348,223 shares in the company, valued at approximately $34,272,107.66. This represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Sean Rahilly sold 9,046 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $95.05, for a total transaction of $859,822.30. Following the sale, the general counsel owned 103,842 shares in the company, valued at approximately $9,870,182.10. The trade was a 8.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,046 shares of company stock valued at $1,253,962 over the last ninety days. Corporate insiders own 8.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ENVA shares. JMP Securities restated a “market outperform” rating and set a $135.00 target price on shares of Enova International in a report on Wednesday, April 30th. TD Cowen raised shares of Enova International from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Tuesday, April 1st. Finally, Seaport Res Ptn raised shares of Enova International to a “strong-buy” rating in a research note on Wednesday, May 14th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $111.00.

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.