Quantbot Technologies LP Cuts Stock Position in Enova International, Inc. (NYSE:ENVA)

Quantbot Technologies LP trimmed its stake in shares of Enova International, Inc. (NYSE:ENVA) by 55.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,284 shares of the credit services provider’s stock after selling 7,898 shares during the period. Quantbot Technologies LP’s holdings in Enova International were worth $603,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets raised its position in shares of Enova International by 28.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider’s stock worth $4,865,000 after purchasing an additional 12,928 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Enova International during the 4th quarter worth approximately $206,000. Longboard Asset Management LP purchased a new position in shares of Enova International in the fourth quarter valued at approximately $202,000. J.Safra Asset Management Corp lifted its position in shares of Enova International by 205.4% in the fourth quarter. J.Safra Asset Management Corp now owns 3,552 shares of the credit services provider’s stock valued at $344,000 after acquiring an additional 2,389 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Enova International by 672.9% in the fourth quarter. Farther Finance Advisors LLC now owns 371 shares of the credit services provider’s stock worth $36,000 after acquiring an additional 323 shares during the last quarter. Institutional investors and hedge funds own 89.43% of the company’s stock.

Insider Buying and Selling

In other news, CFO Steven E. Cunningham sold 25,733 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $116.50, for a total transaction of $2,997,894.50. Following the completion of the transaction, the chief financial officer now directly owns 155,855 shares in the company, valued at $18,157,107.50. This trade represents a 14.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO James Joseph Lee sold 455 shares of Enova International stock in a transaction on Friday, February 7th. The shares were sold at an average price of $116.59, for a total value of $53,048.45. Following the completion of the sale, the chief accounting officer now directly owns 21,688 shares of the company’s stock, valued at $2,528,603.92. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,188 shares of company stock valued at $3,559,693. 7.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ENVA shares. JMP Securities increased their price objective on Enova International from $125.00 to $135.00 and gave the company a “market outperform” rating in a research note on Wednesday, February 5th. BTIG Research raised their price target on shares of Enova International from $122.00 to $129.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Stephens upped their price objective 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. Finally, Maxim Group raised their target price on shares of Enova International from $108.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $110.14.

Enova International Stock Performance

Enova International stock opened at $99.36 on Friday. The firm has a 50 day simple moving average of $104.07 and a 200-day simple moving average of $97.16. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 13.36 and a beta of 1.43. The company has a debt-to-equity ratio of 2.98, a current ratio of 9.52 and a quick ratio of 15.82. Enova International, Inc. has a 1-year low of $57.46 and a 1-year high of $117.56.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.08. Enova International had a return on equity of 19.94% and a net margin of 7.88%. On average, analysts expect that Enova International, Inc. will post 10.31 EPS for the current year.

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.