Harspring Capital Management LLC Cuts Position in Enova International, Inc. (NYSE:ENVA)

Harspring Capital Management LLC cut its stake in Enova International, Inc. (NYSE:ENVA - Free Report) by 4.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 410,000 shares of the credit services provider's stock after selling 20,000 shares during the period. Enova International accounts for about 8.2% of Harspring Capital Management LLC's portfolio, making the stock its 5th largest position. Harspring Capital Management LLC owned about 1.56% of Enova International worth $34,354,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Foundry Partners LLC increased its holdings in shares of Enova International by 1.1% during the 3rd quarter. Foundry Partners LLC now owns 122,756 shares of the credit services provider's stock valued at $10,286,000 after purchasing an additional 1,328 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Enova International by 28.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider's stock valued at $4,865,000 after buying an additional 12,928 shares during the period. Summit Global Investments raised its holdings in Enova International by 7.5% in the 2nd quarter. Summit Global Investments now owns 25,464 shares of the credit services provider's stock valued at $1,585,000 after buying an additional 1,785 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Enova International by 1.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider's stock valued at $1,694,000 after buying an additional 200 shares during the period. Finally, Quantbot Technologies LP raised its holdings in Enova International by 10.2% in the 3rd quarter. Quantbot Technologies LP now owns 14,182 shares of the credit services provider's stock valued at $1,188,000 after buying an additional 1,311 shares during the period. 89.43% of the stock is currently owned by institutional investors and hedge funds.

Enova International Stock Performance

Shares of ENVA stock traded down $0.38 on Tuesday, hitting $105.65. 151,792 shares of the stock traded hands, compared to its average volume of 229,836. The company's fifty day moving average is $92.10 and its 200 day moving average is $78.64. Enova International, Inc. has a 1-year low of $42.08 and a 1-year high of $108.15. The company has a market capitalization of $2.77 billion, a PE ratio of 16.85 and a beta of 1.46. The company has a debt-to-equity ratio of 2.79, a current ratio of 15.82 and a quick ratio of 15.82.

Enova International (NYSE:ENVA - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.31 by $0.14. Enova International had a return on equity of 18.41% and a net margin of 7.19%. The business had revenue of $689.92 million during the quarter, compared to analyst estimates of $666.33 million. During the same period in the prior year, the company posted $1.33 EPS. The business's revenue for the quarter was up 25.1% compared to the same quarter last year. On average, equities research analysts predict that Enova International, Inc. will post 8.04 earnings per share for the current fiscal year.

Enova International declared that its Board of Directors has authorized a stock buyback plan on Monday, August 12th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the credit services provider to purchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have issued reports on ENVA shares. TD Cowen boosted their price target on shares of Enova International from $85.00 to $96.00 and gave the stock a "hold" rating in a research note on Wednesday, October 23rd. BTIG Research upped their price target on Enova International from $90.00 to $110.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. StockNews.com raised Enova International from a "hold" rating to a "buy" rating in a report on Monday, October 21st. Janney Montgomery Scott downgraded Enova International from a "buy" rating to a "neutral" rating in a report on Monday, August 26th. Finally, JMP Securities increased their price objective on Enova International from $103.00 to $109.00 and gave the company a "market outperform" rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $91.14.

Insider Activity at Enova International

In other news, CAO James Joseph Lee sold 615 shares of Enova International stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $89.59, for a total value of $55,097.85. Following the completion of the transaction, the chief accounting officer now owns 20,646 shares in the company, valued at approximately $1,849,675.14. The trade was a 2.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David Fisher sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $105.47, for a total value of $1,054,700.00. Following the sale, the chief executive officer now owns 389,925 shares in the company, valued at approximately $41,125,389.75. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,843 shares of company stock valued at $7,496,779. Company insiders own 7.80% of the company's stock.

Enova International 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.