Foundry Partners LLC Grows Position in Enova International, Inc. (NYSE:ENVA)

Foundry Partners LLC raised its position in shares of Enova International, Inc. (NYSE:ENVA) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,756 shares of the credit services provider’s stock after acquiring an additional 1,328 shares during the period. Foundry Partners LLC’s holdings in Enova International were worth $10,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ENVA. GAMMA Investing LLC boosted its position in shares of Enova International by 27.6% during the second quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock valued at $53,000 after buying an additional 185 shares during the period. USA Financial Formulas purchased a new stake in Enova International during the 3rd quarter worth approximately $76,000. J.Safra Asset Management Corp increased its position in shares of Enova International by 25.1% in the 2nd quarter. J.Safra Asset Management Corp now owns 1,163 shares of the credit services provider’s stock valued at $72,000 after acquiring an additional 233 shares during the period. F M Investments LLC purchased a new position in Enova International in the 3rd quarter worth $242,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Enova International during the first quarter worth about $223,000. 89.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Steven E. Cunningham sold 29,158 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $89.53, for a total transaction of $2,610,515.74. Following the transaction, the chief financial officer now owns 130,355 shares of the company’s stock, valued at approximately $11,670,683.15. This represents a 18.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Fisher sold 13,314 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $101.74, for a total transaction of $1,354,566.36. Following the sale, the chief executive officer now owns 399,925 shares in the company, valued at approximately $40,688,369.50. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,843 shares of company stock valued at $7,286,579 over the last quarter. 7.80% of the stock is owned by insiders.

Analysts Set New Price Targets

ENVA has been the subject of several analyst reports. TD Cowen boosted their price objective on Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. JMP Securities upped their price objective 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. Stephens began coverage on shares of Enova International in a report on Wednesday, November 13th. They set an “overweight” rating and a $108.00 target price for the company. BTIG Research increased their price target on shares of Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.14.

Enova International Price Performance

Enova International stock opened at $99.87 on Thursday. The company has a current ratio of 15.82, a quick ratio of 15.82 and a debt-to-equity ratio of 2.79. The company has a 50-day moving average price of $88.40 and a 200 day moving average price of $76.12. Enova International, Inc. has a 12-month low of $39.92 and a 12-month high of $106.51. The stock has a market cap of $2.62 billion, a P/E ratio of 15.93 and a beta of 1.42.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.14. The business had revenue of $689.92 million during the quarter, compared to the consensus estimate of $666.33 million. Enova International had a net margin of 7.19% and a return on equity of 18.41%. The business’s revenue was up 25.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.33 EPS. Sell-side analysts anticipate that Enova International, Inc. will post 8.04 earnings per share for the current year.

Enova International declared that its board has approved a stock repurchase program on Monday, August 12th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the credit services provider to reacquire up to 12.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.