Short Interest in Enova International, Inc. (NYSE:ENVA) Declines By 9.1%

Enova International, Inc. (NYSE:ENVA) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 1,690,000 shares, a decline of 9.1% from the September 30th total of 1,860,000 shares. Based on an average daily trading volume, of 219,600 shares, the days-to-cover ratio is presently 7.7 days. Approximately 6.8% of the company’s shares are short sold.

Insiders Place Their Bets

In other news, CEO David Fisher sold 10,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $83.46, for a total value of $834,600.00. Following the sale, the chief executive officer now directly owns 423,239 shares of the company’s stock, valued at approximately $35,323,526.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Enova International news, insider Kirk Chartier sold 17,644 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $86.80, for a total value of $1,531,499.20. Following the completion of the sale, the insider now directly owns 117,422 shares in the company, valued at approximately $10,192,229.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David Fisher sold 10,000 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $83.46, for a total transaction of $834,600.00. Following the transaction, the chief executive officer now directly owns 423,239 shares in the company, valued at $35,323,526.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,074 shares of company stock valued at $6,546,277. 7.80% of the stock is currently owned by company insiders.

Institutional Trading of Enova International

Large investors have recently made changes to their positions in the business. Foundry Partners LLC lifted its holdings in shares of Enova International by 11.3% in the 1st quarter. Foundry Partners LLC now owns 153,427 shares of the credit services provider’s stock valued at $9,640,000 after buying an additional 15,519 shares during the period. BNP Paribas Financial Markets raised its position in shares of Enova International by 172.5% in the first quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider’s stock worth $3,253,000 after acquiring an additional 32,779 shares during the period. Summit Global Investments boosted its position in Enova International by 7.5% during the second quarter. Summit Global Investments now owns 25,464 shares of the credit services provider’s stock worth $1,585,000 after purchasing an additional 1,785 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Enova International by 1.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock valued at $1,694,000 after purchasing an additional 200 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Enova International in the 3rd quarter valued at $772,000. 89.43% of the stock is owned by hedge funds and other institutional investors.

Enova International Stock Up 0.8 %

Shares of ENVA stock traded up $0.72 during mid-day trading on Friday, hitting $87.63. The company’s stock had a trading volume of 123,896 shares, compared to its average volume of 232,348. Enova International has a 52-week low of $38.89 and a 52-week high of $96.01. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 13.92 and a beta of 1.43. The business has a 50-day moving average price of $83.55 and a 200 day moving average price of $72.38. The company has a debt-to-equity ratio of 2.79, a quick ratio of 15.82 and a current ratio of 15.82.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.14. Enova International had a net margin of 7.19% and a return on equity of 18.41%. The company had revenue of $689.92 million during the quarter, compared to analyst estimates of $666.33 million. During the same period in the prior year, the firm earned $1.33 earnings per share. The firm’s revenue for the quarter was up 25.1% compared to the same quarter last year. Research analysts predict that Enova International will post 8.04 EPS for the current fiscal year.

Enova International declared that its Board of Directors has authorized a stock buyback program on Monday, August 12th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the credit services provider to buy up to 12.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ENVA. TD Cowen boosted their target price on Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. BTIG Research lifted their target price on shares of Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. JMP Securities raised their price target on Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 23rd. Finally, Janney Montgomery Scott lowered shares of Enova International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Enova International currently has a consensus rating of “Moderate Buy” and an average price target of $88.33.

Enova International Company 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.