Prescott Group Capital Management L.L.C. increased its position in Enova International, Inc. (NYSE:ENVA – Free Report) by 49.4% during the third quarter, Holdings Channel reports. The firm owned 135,898 shares of the credit services provider’s stock after buying an additional 44,946 shares during the quarter. Enova International makes up approximately 2.0% of Prescott Group Capital Management L.L.C.’s portfolio, making the stock its 7th largest holding. Prescott Group Capital Management L.L.C.’s holdings in Enova International were worth $22,710,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. Amundi grew its holdings in Enova International by 66.6% during the second quarter. Amundi now owns 207,684 shares of the credit services provider’s stock worth $49,996,000 after purchasing an additional 83,002 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Enova International in the second quarter valued at approximately $38,453,000. Tieton Capital Management LLC acquired a new stake in shares of Enova International in the second quarter valued at approximately $26,577,000. Alyeska Investment Group L.P. bought a new position in shares of Enova International during the 2nd quarter worth approximately $25,749,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Enova International by 133.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 72,385 shares of the credit services provider’s stock worth $12,096,000 after acquiring an additional 41,378 shares during the period. 89.43% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the company. Maxim Group dropped their price target on Enova International from $285.00 to $220.00 and set a “buy” rating on the stock in a research note on Monday, October 26th. TD Cowen upped their price objective on shares of Enova International from $220.00 to $224.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Citizens Jmp upped their price objective on shares of Enova International from $215.00 to $220.00 and gave the company a “market outperform” rating in a report on Friday, October 23rd. Jefferies Financial Group dropped their price objective on shares of Enova International from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Finally, Citigroup restated a “market outperform” rating on shares of Enova International in a research note on Friday, October 23rd. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Enova International currently has an average rating of “Moderate Buy” and an average target price of $239.00.
Check Out Our Latest Report on ENVA
Enova International Price Performance
Enova International stock opened at $175.01 on Wednesday. Enova International, Inc. has a 12 month low of $119.02 and a 12 month high of $267.45. The stock’s 50 day moving average is $190.15 and its 200-day moving average is $183.89. The company has a current ratio of 18.92, a quick ratio of 18.91 and a debt-to-equity ratio of 3.43. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 11.59 and a beta of 1.36.
Enova International (NYSE:ENVA – Get Free Report) last announced its earnings results on Thursday, October 22nd. The credit services provider reported $4.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.42 by $0.06. Enova International had a net margin of 10.47% and a return on equity of 27.25%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the business posted $3.36 earnings per share. Enova International’s quarterly revenue was up 25.7% on a year-over-year basis. Equities research analysts expect that Enova International, Inc. will post 16.32 EPS for the current year.
Insider Buying and Selling
In related news, Chairman David Fisher sold 9,957 shares of the firm’s stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $178.16, for a total value of $1,773,939.12. Following the transaction, the chairman owned 306,444 shares in the company, valued at approximately $54,596,063.04. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Sean Rahilly sold 10,000 shares of the business’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $183.26, for a total value of $1,832,600.00. Following the completion of the transaction, the general counsel directly owned 104,249 shares of the company’s stock, valued at approximately $19,104,671.74. This trade represents a 8.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 115,758 shares of company stock worth $21,490,436. 8.40% of the stock is owned by corporate insiders.
About Enova International
Enova International, Inc is a financial technology company that provides online financial services to consumers and small businesses. Its offerings include consumer installment loans and lines of credit, as well as small-business financing products designed to provide access to working capital. The company serves customers who may have limited access to traditional bank credit and uses data-driven underwriting and technology-enabled platforms in its lending operations.
Enova markets its products through brands including CashNetUSA and NetCredit, which provide consumer financial services, and OnDeck, which focuses on lending to small businesses.
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