Ameriprise Financial Inc. Decreases Stock Position in Enova International, Inc. (NYSE:ENVA)

Ameriprise Financial Inc. lowered its stake in Enova International, Inc. (NYSE:ENVA) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,847 shares of the credit services provider’s stock after selling 2,239 shares during the quarter. Ameriprise Financial Inc. owned about 0.26% of Enova International worth $6,601,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ENVA. Tieton Capital Management LLC raised its position in shares of Enova International by 0.7% during 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 buying an additional 900 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Enova International by 7.8% during the 4th quarter. MetLife Investment Management LLC now owns 15,470 shares of the credit services provider’s stock valued at $1,483,000 after buying an additional 1,120 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Enova International during the 4th quarter valued at about $547,000. New Age Alpha Advisors LLC purchased a new stake in shares of Enova International during the 4th quarter valued at about $371,000. Finally, J.Safra Asset Management Corp raised its position in shares of Enova International by 205.4% during the 4th quarter. J.Safra Asset Management Corp now owns 3,552 shares of the credit services provider’s stock valued at $344,000 after buying an additional 2,389 shares in the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.

Enova International Stock Performance

Enova International stock opened at $91.27 on Friday. The company has a debt-to-equity ratio of 2.98, a current ratio of 9.52 and a quick ratio of 15.82. The firm has a market capitalization of $2.32 billion, a P/E ratio of 12.27 and a beta of 1.43. The company’s 50-day moving average is $94.70 and its 200 day moving average is $99.98. Enova International, Inc. has a 1-year low of $57.46 and a 1-year high of $117.56.

Enova International (NYSE:ENVA) last issued its earnings results on Tuesday, April 29th. The credit services provider reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.21. The business had revenue of $745.54 million for the quarter, compared to the consensus estimate of $734.14 million. Enova International had a net margin of 7.88% and a return on equity of 19.94%. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.91 EPS. Research analysts forecast that Enova International, Inc. will post 10.31 EPS for the current year.

Insiders Place Their Bets

In other news, 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 transaction, the general counsel now directly owns 103,842 shares in the company, valued at approximately $9,870,182.10. This trade represents a 8.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Fisher sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $101.75, for a total transaction of $508,750.00. Following the transaction, the chief executive officer now owns 348,223 shares in the company, valued at approximately $35,431,690.25. This represents a 1.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,046 shares of company stock worth $1,565,872 in the last three months. Corporate insiders own 8.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ENVA shares. TD Cowen upgraded shares of Enova International from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Tuesday, April 1st. JMP Securities reissued a “market outperform” rating and issued a $135.00 price objective on shares of Enova International in a research report on Wednesday, April 30th. BTIG Research increased their price objective on shares of Enova International from $122.00 to $129.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Stephens increased their price objective on shares of Enova International from $115.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. Finally, Maxim Group increased their price objective on shares of Enova International from $108.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $111.00.

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.