SG Americas Securities LLC Takes $824,000 Position in Enova International, Inc. (NYSE:ENVA)

SG Americas Securities LLC purchased a new position in shares of Enova International, Inc. (NYSE:ENVA) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,531 shares of the credit services provider’s stock, valued at approximately $824,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. purchased a new position in shares of Enova International in the 1st quarter worth $28,000. Farther Finance Advisors LLC increased its stake in Enova International by 672.9% during the fourth quarter. Farther Finance Advisors LLC now owns 371 shares of the credit services provider’s stock valued at $36,000 after purchasing an additional 323 shares during the last quarter. Versant Capital Management Inc boosted its stake in Enova International by 521.3% in the first quarter. Versant Capital Management Inc now owns 466 shares of the credit services provider’s stock valued at $45,000 after acquiring an additional 391 shares during the period. Sterling Capital Management LLC increased its position in 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. Finally, GAMMA Investing LLC boosted its stake in Enova International by 56.5% during the 1st quarter. GAMMA Investing LLC now owns 1,729 shares of the credit services provider’s stock valued at $167,000 after purchasing an additional 624 shares during the period. Institutional investors and hedge funds own 89.43% of the company’s stock.

Enova International Trading Up 2.1%

ENVA opened at $97.71 on Friday. The company has a fifty day moving average of $94.48 and a 200-day moving average of $98.91. Enova International, Inc. has a twelve month low of $59.48 and a twelve month high of $117.56. The stock has a market cap of $2.48 billion, a PE ratio of 11.51 and a beta of 1.45. The company has a quick ratio of 18.55, a current ratio of 18.55 and a debt-to-equity ratio of 3.14.

Enova International (NYSE:ENVA) last posted its earnings results on Tuesday, April 29th. The credit services provider reported $2.98 EPS for the quarter, topping the consensus estimate of $2.77 by $0.21. The firm had revenue of $745.54 million for the quarter, compared to analysts’ expectations of $734.14 million. Enova International had a net margin of 8.38% and a return on equity of 21.79%. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.91 EPS. On average, sell-side analysts predict that Enova International, Inc. will post 10.31 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Seaport Res Ptn raised Enova International to a “strong-buy” rating in a research note on Wednesday, May 14th. TD Cowen raised Enova International from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Tuesday, April 1st. Finally, JMP Securities restated a “market outperform” rating and set a $135.00 target price on shares of Enova International in a research note on Wednesday, April 30th. One equities research 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 company. According to data from MarketBeat, Enova International presently has an average rating of “Buy” and a consensus target price of $111.00.

Insiders Place Their Bets

In other news, General Counsel Sean Rahilly sold 9,046 shares of the firm’s stock in a transaction 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 now directly owns 103,842 shares in the company, valued at $9,870,182.10. This trade represents a 8.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Fisher sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $101.75, for a total transaction of $508,750.00. Following the completion of the sale, the chief executive officer now owns 348,223 shares in the company, valued at approximately $35,431,690.25. The trade was a 1.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,046 shares of company stock valued at $1,565,872 over 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.