Summit Global Investments Sells 351 Shares of Enova International, Inc. (NYSE:ENVA)

Summit Global Investments lowered its stake in shares of Enova International, Inc. (NYSE:ENVA) by 2.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,268 shares of the credit services provider’s stock after selling 351 shares during the quarter. Summit Global Investments’ holdings in Enova International were worth $1,185,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ENVA. Longboard Asset Management LP bought a new stake in Enova International during the 4th quarter worth about $202,000. J.Safra Asset Management Corp grew its holdings in Enova International by 205.4% during the 4th quarter. J.Safra Asset Management Corp now owns 3,552 shares of the credit services provider’s stock worth $344,000 after acquiring an additional 2,389 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Enova International by 672.9% during the 4th quarter. Farther Finance Advisors LLC now owns 371 shares of the credit services provider’s stock worth $36,000 after acquiring an additional 323 shares during the last quarter. Cibc World Markets Corp bought a new position in shares of Enova International in the 4th quarter valued at about $229,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Enova International in the 4th quarter valued at about $547,000. Institutional investors own 89.43% of the company’s stock.

Enova International Stock Performance

Shares of NYSE:ENVA opened at $92.63 on Friday. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 12.45 and a beta of 1.43. The firm’s 50 day simple moving average is $94.06 and its 200 day simple moving average is $99.67. The company has a debt-to-equity ratio of 2.98, a current ratio of 9.52 and a quick ratio of 15.82. Enova International, Inc. has a fifty-two week low of $57.46 and a fifty-two week high of $117.56.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.21. The business had revenue of $745.54 million for the quarter, compared to the consensus estimate of $734.14 million. Enova International had a net margin of 7.88% and a return on equity of 19.94%. Enova International’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period last year, the company posted $1.91 EPS. As a group, sell-side analysts forecast that Enova International, Inc. will post 10.31 earnings per share for the current year.

Analyst Ratings Changes

ENVA has been the topic of several recent research reports. TD Cowen raised shares of Enova International from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Tuesday, April 1st. Seaport Res Ptn raised shares of Enova International to a “strong-buy” rating in a research note on Wednesday, May 14th. Maxim Group raised their target price on shares of Enova International from $108.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $135.00 target price on shares of Enova International in a research note on Wednesday, April 30th. Finally, Stephens raised their target price on shares of Enova International from $115.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $111.00.

Insider Activity at Enova International

In related news, General Counsel Sean Rahilly sold 9,046 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $95.05, for a total value of $859,822.30. Following the sale, the general counsel now directly owns 103,842 shares in the company, valued at $9,870,182.10. This trade represents a 8.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David Fisher sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $98.65, for a total transaction of $197,300.00. Following the sale, the chief executive officer now owns 348,223 shares in the company, valued at $34,352,198.95. This trade represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,046 shares of company stock worth $1,565,872 in the last ninety days. Company insiders own 8.40% of the company’s stock.

About Enova International

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.