Enova International, Inc. (NYSE:ENVA) Stake Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in Enova International, Inc. (NYSE:ENVA) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 179,307 shares of the credit services provider’s stock after selling 7,229 shares during the quarter. Bank of New York Mellon Corp owned about 0.70% of Enova International worth $17,314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in 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 acquiring an additional 624 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in Enova International during the 4th quarter worth about $371,000. SG Americas Securities LLC acquired a new stake in Enova International during the 1st quarter worth about $824,000. BNP Paribas Financial Markets raised its holdings in Enova International by 42.7% during the 4th quarter. BNP Paribas Financial Markets now owns 82,872 shares of the credit services provider’s stock worth $7,946,000 after buying an additional 24,806 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Enova International by 672.9% during the 4th quarter. Farther Finance Advisors LLC now owns 371 shares of the credit services provider’s stock worth $36,000 after buying an additional 323 shares during the period. 89.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Seaport Res Ptn upgraded Enova International to a “strong-buy” rating in a report on Wednesday, May 14th. TD Cowen upgraded 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 price objective on shares of Enova International in a report on Wednesday, April 30th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $111.00.

Enova International Price Performance

Shares of ENVA opened at $113.86 on Friday. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 13.41 and a beta of 1.48. Enova International, Inc. has a fifty-two week low of $71.59 and a fifty-two week high of $119.06. The company has a debt-to-equity ratio of 3.14, a current ratio of 18.55 and a quick ratio of 18.55. The business’s 50-day moving average is $102.11 and its 200-day moving average is $100.56.

Enova International (NYSE:ENVA) last issued its earnings results on Tuesday, April 29th. The credit services provider reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.21. Enova International had a return on equity of 21.79% and a net margin of 8.38%. The company had revenue of $745.54 million for the quarter, compared to the consensus estimate of $734.14 million. During the same quarter in the prior year, the company earned $1.91 EPS. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. Equities research analysts expect that Enova International, Inc. will post 10.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Sean Rahilly sold 9,046 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $95.05, for a total value of $859,822.30. Following the transaction, the general counsel owned 103,842 shares in the company, valued at approximately $9,870,182.10. This represents a 8.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David Fisher sold 5,000 shares of the stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $115.23, for a total value 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 represents a 1.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,046 shares of company stock worth $1,830,112 in the last 90 days. 8.40% of the stock is currently 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.