Kendall Capital Management Makes New Investment in Enova International, Inc. $ENVA

Kendall Capital Management acquired a new stake in shares of Enova International, Inc. (NYSE:ENVA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,950 shares of the credit services provider’s stock, valued at approximately $3,117,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. McIlrath & Eck LLC acquired a new position in shares of Enova International during the first quarter worth approximately $34,000. Farther Finance Advisors LLC increased its position in shares of Enova International by 26.9% during the 4th quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock valued at $47,000 after purchasing an additional 64 shares during the period. Pacer Advisors Inc. raised its stake in shares of Enova International by 58.5% in the 1st quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock worth $56,000 after buying an additional 152 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Enova International by 350.0% in the second quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock valued at $50,000 after buying an additional 350 shares during the period. Finally, Parallel Advisors LLC boosted its stake in Enova International by 1,503.3% during the first quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider’s stock valued at $65,000 after buying an additional 451 shares in the last quarter. 89.43% of the stock is owned by institutional investors and hedge funds.

Enova International Trading Up 2.5%

Enova International stock opened at $243.24 on Friday. The company has a debt-to-equity ratio of 3.35, a quick ratio of 18.42 and a current ratio of 18.42. The business’s 50-day simple moving average is $236.77 and its 200-day simple moving average is $182.92. The firm has a market capitalization of $6.06 billion, a PE ratio of 18.03 and a beta of 1.22. Enova International, Inc. has a 52 week low of $103.02 and a 52 week high of $267.45.

Enova International (NYSE:ENVA) last announced its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $4.31 EPS for the quarter, beating analysts’ consensus estimates of $3.99 by $0.32. Enova International had a net margin of 10.31% and a return on equity of 26.66%. The business had revenue of $928.93 million during the quarter, compared to analyst estimates of $909.61 million. During the same quarter in the prior year, the business earned $3.23 earnings per share. The firm’s revenue for the quarter was up 21.6% on a year-over-year basis. Equities research analysts forecast that Enova International, Inc. will post 16.3 earnings per share for the current year.

Insider Buying and Selling

In related news, Chairman David Fisher sold 33,060 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $199.05, for a total value of $6,580,593.00. Following the completion of the transaction, the chairman directly owned 306,444 shares of the company’s stock, valued at $60,997,678.20. This trade represents a 9.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William M. Goodyear sold 5,983 shares of Enova International stock in a transaction on Monday, June 1st. The stock was sold at an average price of $163.13, for a total transaction of $976,006.79. Following the sale, the director owned 62,757 shares in the company, valued at $10,237,549.41. This represents a 8.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 62,543 shares of company stock valued at $12,242,070 over the last ninety days. 8.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on ENVA shares. Citigroup restated a “market outperform” rating on shares of Enova International in a research report on Friday, July 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enova International in a research note on Friday, July 17th. Wall Street Zen lowered shares of Enova International from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Citizens Jmp boosted their price target on shares of Enova International from $195.00 to $270.00 and gave the company a “market outperform” rating in a report on Friday, June 26th. Finally, BTIG Research upped their target price on Enova International from $199.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $247.83.

Enova International Profile

Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.