Quantbot Technologies LP Has $1.19 Million Holdings in Enova International, Inc. (NYSE:ENVA)

Quantbot Technologies LP grew its position in Enova International, Inc. (NYSE:ENVA) by 10.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,182 shares of the credit services provider’s stock after purchasing an additional 1,311 shares during the quarter. Quantbot Technologies LP owned about 0.05% of Enova International worth $1,188,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Foundry Partners LLC grew its holdings in Enova International by 1.1% in the 3rd quarter. Foundry Partners LLC now owns 122,756 shares of the credit services provider’s stock valued at $10,286,000 after buying an additional 1,328 shares in the last quarter. F M Investments LLC acquired a new position in shares of Enova International in the third quarter valued at about $242,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in Enova International by 1.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock worth $1,694,000 after acquiring an additional 200 shares during the period. USA Financial Formulas acquired a new stake in Enova International in the 3rd quarter worth about $76,000. Finally, GAMMA Investing LLC raised its stake in Enova International by 24.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,065 shares of the credit services provider’s stock worth $89,000 after purchasing an additional 210 shares in the last quarter. Institutional investors and hedge funds own 89.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Stephens started coverage on shares of Enova International in a report on Wednesday, November 13th. They set an “overweight” rating and a $108.00 target price on the stock. TD Cowen raised their price objective on Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. JMP Securities lifted their price objective on Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a report on Wednesday, October 23rd. BTIG Research increased their target price on Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Janney Montgomery Scott downgraded Enova International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.14.

Enova International Stock Performance

NYSE:ENVA opened at $105.51 on Friday. Enova International, Inc. has a twelve month low of $40.89 and a twelve month high of $108.15. The company has a quick ratio of 15.82, a current ratio of 15.82 and a debt-to-equity ratio of 2.79. The stock’s 50-day simple moving average is $91.66 and its 200 day simple moving average is $78.20. The firm has a market capitalization of $2.76 billion, a PE ratio of 16.83 and a beta of 1.42.

Enova International (NYSE:ENVA) last posted its quarterly earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.14. The company had revenue of $689.92 million for 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 firm’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period last year, the company posted $1.33 EPS. On average, analysts anticipate that Enova International, Inc. will post 8.04 EPS for the current fiscal year.

Enova International announced that its board has authorized a share buyback plan on Monday, August 12th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the credit services provider to repurchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, CFO Steven E. Cunningham sold 29,158 shares of Enova International stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $89.53, for a total transaction of $2,610,515.74. Following the sale, the chief financial officer now directly owns 130,355 shares in the company, valued at $11,670,683.15. This trade represents a 18.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Fisher sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $105.47, for a total transaction of $1,054,700.00. Following the completion of the transaction, the chief executive officer now owns 389,925 shares of the company’s stock, valued at approximately $41,125,389.75. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,843 shares of company stock valued at $7,496,779. 7.80% of the stock is currently owned by insiders.

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.