Enova International, Inc. (NYSE:ENVA) Shares Sold by Summit Global Investments

Summit Global Investments trimmed its stake in Enova International, Inc. (NYSE:ENVA - Free Report) by 22.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,619 shares of the credit services provider's stock after selling 3,586 shares during the period. Summit Global Investments' holdings in Enova International were worth $1,210,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Cibc World Markets Corp purchased a new stake in shares of Enova International in the 4th quarter valued at approximately $229,000. Farther Finance Advisors LLC lifted its stake in Enova International by 672.9% in the fourth quarter. Farther Finance Advisors LLC now owns 371 shares of the credit services provider's stock valued at $36,000 after buying an additional 323 shares during the last quarter. J.Safra Asset Management Corp boosted its holdings in shares of Enova International by 205.4% in 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. Longboard Asset Management LP purchased a new position in shares of Enova International during the fourth quarter worth approximately $202,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Enova International in the 4th quarter valued at $206,000. 89.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Steven E. Cunningham sold 25,733 shares of the business's stock in a transaction dated 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 sale, the chief financial officer now directly owns 155,855 shares in the company, valued at $18,157,107.50. The trade was a 14.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO James Joseph Lee sold 455 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $116.59, for a total transaction of $53,048.45. Following the transaction, the chief accounting officer now owns 21,688 shares of the company's stock, valued at $2,528,603.92. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.80% of the company's stock.

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Enova International Price Performance

Enova International stock traded down $1.03 during midday trading on Thursday, reaching $99.36. The company's stock had a trading volume of 129,296 shares, compared to its average volume of 208,471. The firm has a market capitalization of $2.56 billion, a PE ratio of 13.36 and a beta of 1.43. Enova International, Inc. has a fifty-two week low of $57.46 and a fifty-two week high of $117.56. The stock's 50 day simple moving average is $104.21 and its 200 day simple moving average is $97.14. The company has a debt-to-equity ratio of 2.98, a quick ratio of 15.82 and a current ratio of 9.52.

Enova International (NYSE:ENVA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $2.37 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%. On average, equities research analysts forecast that Enova International, Inc. will post 10.31 earnings per share for the current year.

Wall Street Analyst Weigh In

ENVA has been the subject of a number of recent research reports. BTIG Research increased their price target on shares of Enova International from $122.00 to $129.00 and gave the stock a "buy" rating in a research note on Wednesday, February 5th. Maxim Group increased their target price on shares of Enova International from $108.00 to $138.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Stephens upped their price objective on Enova International from $115.00 to $136.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. Finally, JMP Securities lifted their target price on Enova International from $125.00 to $135.00 and gave the company a "market outperform" rating in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $110.14.

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.