Financial Management Professionals Inc. Takes Position in Enova International, Inc. (NYSE:ENVA)

Financial Management Professionals Inc. bought a new stake in Enova International, Inc. (NYSE:ENVA) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 294 shares of the credit services provider’s stock, valued at approximately $28,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in Enova International by 15,008.8% in the first quarter. GAMMA Investing LLC now owns 166,952 shares of the credit services provider’s stock valued at $16,121,000 after acquiring an additional 165,847 shares during the period. Versant Capital Management Inc boosted its position in Enova International by 521.3% during the 1st quarter. Versant Capital Management Inc now owns 466 shares of the credit services provider’s stock valued at $45,000 after purchasing an additional 391 shares during the period. Lazard Asset Management LLC boosted its position in Enova International by 32.2% during the 4th quarter. Lazard Asset Management LLC now owns 28,934 shares of the credit services provider’s stock valued at $2,773,000 after purchasing an additional 7,043 shares during the period. BNP Paribas Financial Markets boosted its position in Enova International by 42.7% during the 4th quarter. BNP Paribas Financial Markets now owns 82,872 shares of the credit services provider’s stock valued at $7,946,000 after purchasing an additional 24,806 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in shares of Enova International by 7.8% during the fourth quarter. MetLife Investment Management LLC now owns 15,470 shares of the credit services provider’s stock valued at $1,483,000 after acquiring an additional 1,120 shares during the period. 89.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Seaport Res Ptn raised shares of Enova International to a “strong-buy” rating in a report on Wednesday, May 14th. TD Cowen raised shares of Enova International from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Tuesday, April 1st. Stephens boosted 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. BTIG Research boosted their price objective on Enova International from $122.00 to $129.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Finally, Maxim Group boosted their price objective on Enova International from $108.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Enova International currently has a consensus rating of “Buy” and an average price target of $111.00.

Enova International Stock Performance

ENVA stock opened at $92.89 on Thursday. The company has a market capitalization of $2.36 billion, a P/E ratio of 12.49 and a beta of 1.43. The company has a 50-day simple moving average of $93.75 and a 200 day simple moving average of $99.50. Enova International, Inc. has a fifty-two week low of $57.46 and a fifty-two week high of $117.56. The company has a quick ratio of 15.82, a current ratio of 9.52 and a debt-to-equity ratio of 2.98.

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

Insiders Place Their Bets

In other news, General Counsel Sean Rahilly sold 9,046 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $95.05, for a total value of $859,822.30. Following the completion of the sale, the general counsel now owns 103,842 shares in the company, valued at $9,870,182.10. This represents a 8.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David Fisher sold 2,000 shares of the firm’s stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $98.65, for a total value of $197,300.00. Following the sale, the chief executive officer now directly owns 348,223 shares of the company’s stock, 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 sold 16,046 shares of company stock worth $1,565,872 over the last ninety days. Company insiders own 8.40% of the company’s stock.

Enova International Profile

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.