Foundry Partners LLC Sells 31,999 Shares of Enova International, Inc. (NYSE:ENVA)

Foundry Partners LLC cut its position in shares of Enova International, Inc. (NYSE:ENVA) by 20.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 121,428 shares of the credit services provider’s stock after selling 31,999 shares during the period. Foundry Partners LLC’s holdings in Enova International were worth $7,559,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted 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 worth $53,000 after acquiring an additional 185 shares in the last quarter. J.Safra Asset Management Corp raised its stake in shares of Enova International by 25.1% in the second quarter. J.Safra Asset Management Corp now owns 1,163 shares of the credit services provider’s stock worth $72,000 after purchasing an additional 233 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Enova International by 21.1% in the first quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock worth $228,000 after purchasing an additional 636 shares during the last quarter. Summit Global Investments raised its stake in shares of Enova International by 7.5% in the second quarter. Summit Global Investments now owns 25,464 shares of the credit services provider’s stock worth $1,585,000 after purchasing an additional 1,785 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Enova International in the first quarter worth $223,000. 89.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Enova International

In other Enova International news, CFO Steven E. Cunningham sold 23,867 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $81.54, for a total transaction of $1,946,115.18. Following the completion of the sale, the chief financial officer now owns 133,471 shares of the company’s stock, valued at $10,883,225.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, General Counsel Sean Rahilly sold 10,158 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $81.36, for a total transaction of $826,454.88. Following the completion of the transaction, the general counsel now directly owns 101,949 shares of the company’s stock, valued at $8,294,570.64. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Steven E. Cunningham sold 23,867 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $81.54, for a total value of $1,946,115.18. Following the transaction, the chief financial officer now directly owns 133,471 shares of the company’s stock, valued at $10,883,225.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,725 shares of company stock valued at $4,690,053. Company insiders own 7.80% of the company’s stock.

Enova International Stock Performance

NYSE:ENVA traded down $0.80 during mid-day trading on Friday, hitting $80.04. 12,942 shares of the company traded hands, compared to its average volume of 239,226. The stock’s fifty day moving average price is $75.97 and its 200-day moving average price is $66.33. Enova International, Inc. has a one year low of $35.30 and a one year high of $88.42. The company has a quick ratio of 12.07, a current ratio of 12.07 and a debt-to-equity ratio of 2.78. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 14.55 and a beta of 1.45.

Enova International (NYSE:ENVA) last released its quarterly earnings results on Tuesday, July 23rd. The credit services provider reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.14. Enova International had a return on equity of 16.53% and a net margin of 7.52%. The business had revenue of $628.44 million during the quarter, compared to analyst estimates of $622.92 million. During the same quarter in the previous year, the company posted $1.57 earnings per share. Enova International’s revenue for the quarter was up 25.8% on a year-over-year basis. Research analysts anticipate that Enova International, Inc. will post 7.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. JMP Securities boosted their price target on Enova International from $78.00 to $93.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 24th. TD Cowen upped their price objective on Enova International from $70.00 to $76.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. BTIG Research initiated coverage on Enova International in a research report on Wednesday, August 14th. They set a “buy” rating and a $90.00 price objective for the company. Finally, Janney Montgomery Scott cut Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.00.

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.