Legato Capital Management LLC bought a new position in shares of Enova International, Inc. (NYSE:ENVA – Free Report) during the fourth quarter, HoldingsChannel.com reports. The firm bought 11,775 shares of the credit services provider’s stock, valued at approximately $1,851,000.
A number of other large investors also recently modified their holdings of ENVA. Bessemer Group Inc. increased its position in shares of Enova International by 174.2% in the 3rd quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 162 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Enova International in the 4th quarter valued at approximately $31,000. Strs Ohio purchased a new stake in shares of Enova International in the 3rd quarter valued at approximately $35,000. Farther Finance Advisors LLC increased its position in shares of Enova International by 26.9% in 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 last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Enova International by 350.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock valued at $50,000 after purchasing an additional 350 shares during the last quarter. 89.43% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Enova International news, Chairman David Fisher sold 20,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $173.18, for a total transaction of $3,463,600.00. Following the transaction, the chairman directly owned 306,444 shares of the company’s stock, valued at approximately $53,069,971.92. This trade represents a 6.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Steven E. Cunningham sold 7,852 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $175.50, for a total transaction of $1,378,026.00. Following the transaction, the chief executive officer directly owned 122,945 shares in the company, valued at $21,576,847.50. The trade was a 6.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 34,083 shares of company stock valued at $5,876,470. Insiders own 8.40% of the company’s stock.
Enova International Stock Down 1.7%
Enova International (NYSE:ENVA – Get Free Report) last posted its earnings results on Thursday, April 23rd. The credit services provider reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.66 by $0.21. Enova International had a return on equity of 25.89% and a net margin of 9.95%.The business had revenue of $875.14 million for the quarter, compared to analysts’ expectations of $854.52 million. During the same quarter in the previous year, the firm earned $2.98 earnings per share. The business’s revenue was up 17.4% compared to the same quarter last year. Analysts anticipate that Enova International, Inc. will post 15.37 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on ENVA shares. Citizens Jmp increased their price objective on shares of Enova International from $182.00 to $195.00 and gave the company a “market outperform” rating in a research report on Friday, April 24th. Stephens increased their price objective on shares of Enova International from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Enova International in a research report on Tuesday, April 21st. BTIG Research reissued a “buy” rating and issued a $199.00 price objective on shares of Enova International in a research report on Thursday, April 23rd. Finally, TD Cowen increased their price objective on shares of Enova International from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $198.80.
Read Our Latest Research Report on ENVA
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.
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