Gemmer Asset Management LLC Acquires New Holdings in Enova International, Inc. $ENVA

Gemmer Asset Management LLC acquired a new position in shares of Enova International, Inc. (NYSE:ENVA) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,452 shares of the credit services provider’s stock, valued at approximately $1,078,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. USA Financial Formulas bought a new position in shares of Enova International during the third quarter worth approximately $30,000. McIlrath & Eck LLC bought a new stake in Enova International in the 1st quarter valued at $34,000. Integrated Wealth Concepts LLC bought a new stake in Enova International in the 2nd quarter valued at $52,000. Pacer Advisors Inc. boosted its stake in Enova International by 58.5% in the 1st quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock valued at $56,000 after purchasing an additional 152 shares during the period. Finally, Parallel Advisors LLC boosted its stake in Enova International by 1,503.3% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider’s stock valued at $65,000 after purchasing an additional 451 shares during the period. Institutional investors and hedge funds own 89.43% of the company’s stock.

Analysts Set New Price Targets

ENVA has been the topic of several recent research reports. Citizens Jmp lowered their price objective on Enova International from $270.00 to $215.00 and set a “market outperform” rating on the stock in a research report on Tuesday, September 15th. Jefferies Financial Group dropped their target price on Enova International from $300.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Zacks Research cut shares of Enova International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 16th. Citigroup reissued a “market outperform” rating on shares of Enova International in a research report on Tuesday, September 15th. Finally, Stephens decreased their price target on shares of Enova International from $275.00 to $205.00 and set an “overweight” rating on the stock in a research note on Thursday, September 17th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Enova International has a consensus rating of “Moderate Buy” and a consensus price target of $230.83.

Insider Buying and Selling

In other Enova International news, Chairman David Fisher sold 20,750 shares of Enova International stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $178.24, for a total value of $3,698,480.00. Following the completion of the transaction, the chairman directly owned 306,444 shares of the company’s stock, valued at $54,620,578.56. The trade was a 6.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 39,319 shares of company stock worth $8,185,473. 8.40% of the stock is owned by company insiders.

Enova International Stock Up 0.1%

Shares of ENVA opened at $177.66 on Friday. Enova International, Inc. has a 12 month low of $107.15 and a 12 month high of $267.45. The firm’s 50 day moving average is $208.92 and its 200-day moving average is $197.73. The stock has a market capitalization of $4.42 billion, a PE ratio of 13.17 and a beta of 1.28. The company has a current ratio of 18.42, a quick ratio of 18.42 and a debt-to-equity ratio of 3.35.

Enova International (NYSE:ENVA) last released its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.99 by $0.32. The company had revenue of $928.93 million during the quarter, compared to the consensus estimate of $909.61 million. Enova International had a net margin of 10.31% and a return on equity of 26.66%. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the business earned $3.23 earnings per share. Equities research analysts forecast that Enova International, Inc. will post 16.33 EPS for the current year.

Enova International Company Profile

Enova International, Inc is a technology-driven financial services company that provides online credit products to consumers and small businesses. The company uses data analytics, automated decision-making and digital platforms to evaluate applications, originate loans and manage customer accounts.

Enova’s consumer finance business offers products such as installment loans and lines of credit through brands including CashNetUSA and NetCredit. Its small-business finance operations provide term loans and lines of credit through the OnDeck platform, which Enova acquired in 2020.

Founded in 2004 and headquartered in Chicago, Illinois, Enova serves customers primarily in the United States, as well as selected international markets, including the United Kingdom and Australia.