Martingale Asset Management L P Cuts Holdings in Enova International, Inc. (NYSE:ENVA)

Martingale Asset Management L P cut its holdings in Enova International, Inc. (NYSE:ENVA) by 13.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,717 shares of the credit services provider’s stock after selling 4,103 shares during the quarter. Martingale Asset Management L P’s holdings in Enova International were worth $2,155,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in Enova International by 27.6% in the second quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock valued at $53,000 after acquiring an additional 185 shares during the period. J.Safra Asset Management Corp increased its holdings in shares of Enova International by 25.1% in the 2nd quarter. J.Safra Asset Management Corp now owns 1,163 shares of the credit services provider’s stock valued at $72,000 after purchasing an additional 233 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Enova International in the third quarter valued at about $76,000. Lazard Asset Management LLC boosted its holdings in Enova International by 21.1% during the first quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock worth $228,000 after buying an additional 636 shares in the last quarter. Finally, Smith Shellnut Wilson LLC ADV acquired a new position in Enova International during the second quarter worth about $235,000. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ENVA. BTIG Research boosted their price target on Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Stephens initiated coverage on shares of Enova International in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $108.00 price objective on the stock. Janney Montgomery Scott downgraded shares of Enova International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. Finally, TD Cowen increased their price target on shares of Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $91.14.

Enova International Stock Down 0.0 %

ENVA stock opened at $105.51 on Friday. The company has a 50 day moving average price of $91.66 and a two-hundred day moving average price of $78.20. The company has a debt-to-equity ratio of 2.79, a quick ratio of 15.82 and a current ratio of 15.82. The stock has a market capitalization of $2.76 billion, a P/E ratio of 16.83 and a beta of 1.42. Enova International, Inc. has a one year low of $40.89 and a one year high of $108.15.

Enova International (NYSE:ENVA) last announced its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.14. Enova International had a return on equity of 18.41% and a net margin of 7.19%. The business had revenue of $689.92 million during the quarter, compared to the consensus estimate of $666.33 million. During the same quarter in the previous year, the business earned $1.33 earnings per share. The business’s revenue for the quarter was up 25.1% on a year-over-year basis. As a group, sell-side analysts expect that Enova International, Inc. will post 8.04 EPS for the current year.

Enova International declared that its board has approved a stock buyback plan on Monday, August 12th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the credit services provider to buy up to 12.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Enova International

In other news, CAO James Joseph Lee sold 615 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $89.59, for a total transaction of $55,097.85. Following the completion of the sale, the chief accounting officer now directly owns 20,646 shares in the company, valued at $1,849,675.14. This represents a 2.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Steven E. Cunningham sold 2,455 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $89.75, for a total value of $220,336.25. Following the completion of the transaction, the chief financial officer now directly owns 127,900 shares in the company, valued at $11,479,025. This trade represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 80,843 shares of company stock worth $7,496,779 in the last three months. Company insiders own 7.80% of the company’s stock.

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.