Quantbot Technologies LP Sells 7,898 Shares of Enova International, Inc. (NYSE:ENVA)

Quantbot Technologies LP trimmed its stake in Enova International, Inc. (NYSE:ENVA - Free Report) by 55.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,284 shares of the credit services provider's stock after selling 7,898 shares during the period. Quantbot Technologies LP's holdings in Enova International were worth $603,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ENVA. Farther Finance Advisors LLC lifted its holdings 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 in the last quarter. Longboard Asset Management LP purchased a new position in shares of Enova International during the 4th quarter valued at $202,000. Crossmark Global Holdings Inc. bought a new position in Enova International in the 4th quarter worth $206,000. Cibc World Markets Corp purchased a new stake in Enova International in the 4th quarter worth $229,000. Finally, J.Safra Asset Management Corp raised its holdings in Enova International by 205.4% during the fourth quarter. J.Safra Asset Management Corp now owns 3,552 shares of the credit services provider's stock valued at $344,000 after acquiring an additional 2,389 shares during the period. 89.43% of the stock is owned by institutional investors.

Insider Activity

In other Enova International news, CEO David Fisher sold 5,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $101.75, for a total value of $508,750.00. Following the completion of the sale, the chief executive officer now owns 348,223 shares of the company's stock, valued at $35,431,690.25. This trade represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven E. Cunningham sold 25,733 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $116.50, for a total value of $2,997,894.50. Following the transaction, the chief financial officer now owns 155,855 shares of the company's stock, valued at $18,157,107.50. This trade represents a 14.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,188 shares of company stock valued at $3,559,693 in the last ninety days. Insiders own 7.80% of the company's stock.

Remove Ads

Enova International Price Performance

Enova International stock traded up $3.46 during mid-day trading on Tuesday, reaching $100.02. 226,371 shares of the company's stock traded hands, compared to its average volume of 223,033. Enova International, Inc. has a 12-month low of $57.46 and a 12-month high of $117.56. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 13.44 and a beta of 1.43. The stock has a 50 day moving average of $103.43 and a two-hundred day moving average of $97.89. The company has a quick ratio of 15.82, a current ratio of 9.52 and a debt-to-equity ratio of 2.98.

Enova International (NYSE:ENVA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.08. Enova International had a net margin of 7.88% and a return on equity of 19.94%. Equities analysts forecast that Enova International, Inc. will post 10.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. JMP Securities upped their price objective on Enova International from $125.00 to $135.00 and gave the stock a "market outperform" rating in a research note on Wednesday, February 5th. Maxim Group increased their price objective on shares of Enova International from $108.00 to $138.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Stephens lifted their price objective on shares of Enova International from $115.00 to $136.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. BTIG Research upped their target price on shares of Enova International from $122.00 to $129.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. Finally, TD Cowen raised shares of Enova International from a "hold" rating to a "buy" rating and set a $17.00 target price for the company in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $98.86.

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.