James Investment Research Inc. Sells 15,417 Shares of Enova International, Inc. $ENVA

James Investment Research Inc. reduced its position in Enova International, Inc. (NYSE:ENVA) by 12.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,347 shares of the credit services provider’s stock after selling 15,417 shares during the quarter. Enova International makes up 2.0% of James Investment Research Inc.’s portfolio, making the stock its 7th largest holding. James Investment Research Inc.’s holdings in Enova International were worth $18,273,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Inspire Investing LLC increased its holdings in Enova International by 35.5% in the 3rd quarter. Inspire Investing LLC now owns 3,819 shares of the credit services provider’s stock valued at $638,000 after buying an additional 1,001 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of Enova International by 57.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,045 shares of the credit services provider’s stock valued at $342,000 after buying an additional 749 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of Enova International during the 3rd quarter worth about $376,000. Nisa Investment Advisors LLC increased its stake in Enova International by 41.9% in the third quarter. Nisa Investment Advisors LLC now owns 1,005 shares of the credit services provider’s stock valued at $168,000 after acquiring an additional 297 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Enova International by 62.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 44,155 shares of the credit services provider’s stock worth $7,379,000 after purchasing an additional 16,982 shares during the period. 89.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Enova International

In related news, Chairman David Fisher sold 20,750 shares of Enova International stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 39,319 shares of company stock valued at $8,185,473 in the last three months. Company insiders own 8.40% of the company’s stock.

Enova International Trading Down 6.6%

ENVA stock opened at $165.04 on Friday. The business has a fifty day moving average price of $200.48 and a 200 day moving average price of $199.12. The company has a debt-to-equity ratio of 3.35, a current ratio of 18.42 and a quick ratio of 18.42. Enova International, Inc. has a fifty-two week low of $115.06 and a fifty-two week high of $267.45. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 11.37 and a beta of 1.28.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Thursday, October 22nd. The credit services provider reported $4.48 EPS for the quarter, topping analysts’ consensus estimates of $4.42 by $0.06. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. Enova International had a return on equity of 28.01% and a net margin of 10.47%. The business’s revenue was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.36 earnings per share. Analysts expect that Enova International, Inc. will post 16.33 EPS for the current fiscal year.

Key Headlines Impacting Enova International

Here are the key news stories impacting Enova International this week:

• Positive Sentiment: Analysts raised their targets and maintained bullish ratings. TD Cowen increased its target to $224 and assigned a “buy” rating; Citizens JMP raised its target to $220 with a “market outperform” rating; and Stephens lifted its target to $225 with an “overweight” rating. These targets imply roughly 33%–36% potential upside from the referenced share price. TD Cowen recommendation
• Positive Sentiment: Third-quarter results exceeded expectations. Enova reported adjusted EPS of $4.48, above the $4.42 consensus estimate, while revenue reached approximately $1.01 billion versus expectations of $1 billion. Revenue rose 25.7% year over year, and adjusted EPS increased 33% from $3.36 a year earlier. Enova third-quarter results
• Positive Sentiment: Operating growth remained strong. Loan originations climbed 31%, the loan book reached a record level, and the quarter marked the first time quarterly revenue surpassed $1 billion. Management attributed the performance to broad strength across its online-lending portfolio. Enova surpasses $1 billion in quarterly revenue
• Negative Sentiment: The termination of the Grasshopper Bank deal may be weighing on sentiment. The ended bank charter transaction removes a potential strategic benefit and may have prompted investors to reassess Enova’s future banking strategy. Blue Tower analysis of Enova’s Grasshopper Bank deal

Wall Street Analysts Forecast Growth

Several analysts recently commented on ENVA shares. Wall Street Zen lowered Enova International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 22nd. BTIG Research increased their price objective on Enova International from $199.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Citizens Jmp lifted their price objective on Enova International from $215.00 to $220.00 and gave the company a “market outperform” rating in a report on Friday. Stephens boosted their target price on shares of Enova International from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enova International in a report on Thursday, October 15th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Enova International has a consensus rating of “Moderate Buy” and an average target price of $235.67.

Enova International Company Profile

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.