F M Investments LLC Invests $242,000 in Enova International, Inc. (NYSE:ENVA)

F M Investments LLC acquired a new stake in Enova International, Inc. (NYSE:ENVA) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,892 shares of the credit services provider’s stock, valued at approximately $242,000.

Several other hedge funds also recently added to or reduced their stakes in ENVA. GAMMA Investing LLC boosted its stake in Enova International by 27.6% during the second quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock worth $53,000 after buying an additional 185 shares during the period. USA Financial Formulas acquired a new position in shares of Enova International in the 3rd quarter worth approximately $76,000. J.Safra Asset Management Corp boosted its position in shares of Enova International by 83.8% during the 1st quarter. J.Safra Asset Management Corp now owns 930 shares of the credit services provider’s stock worth $58,000 after purchasing an additional 424 shares during the period. SG Americas Securities LLC acquired a new stake in Enova International in the 1st quarter valued at approximately $223,000. Finally, Lazard Asset Management LLC raised its position in 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 valued at $228,000 after purchasing an additional 636 shares during the period. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

Enova International Trading Up 0.8 %

NYSE:ENVA opened at $87.57 on Monday. Enova International, Inc. has a 1 year low of $38.89 and a 1 year high of $96.01. The stock has a market cap of $2.30 billion, a P/E ratio of 13.97 and a beta of 1.42. 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 50-day simple moving average of $83.58 and a 200-day simple moving average of $72.77.

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

Enova International announced that its Board of Directors has authorized a stock repurchase program on Monday, August 12th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the credit services provider to buy up to 12.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other Enova International news, CEO David Fisher sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $84.45, for a total transaction of $844,500.00. Following the transaction, the chief executive officer now owns 413,239 shares of the company’s stock, valued at approximately $34,898,033.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Enova International news, CEO David Fisher sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $84.45, for a total value of $844,500.00. Following the completion of the sale, the chief executive officer now owns 413,239 shares in the company, valued at approximately $34,898,033.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kirk Chartier sold 17,644 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $86.80, for a total transaction of $1,531,499.20. Following the transaction, the insider now owns 117,422 shares in the company, valued at approximately $10,192,229.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 75,074 shares of company stock worth $6,546,277 in the last ninety days. 7.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Janney Montgomery Scott lowered Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. BTIG Research increased their price target on shares of Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. JMP Securities lifted their price objective on shares of Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a report on Wednesday, October 23rd. Finally, TD Cowen increased their target price on shares of Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $88.33.

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.