Tieton Capital Management LLC bought a new stake in shares of Enova International, Inc. (NYSE:ENVA – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 110,400 shares of the credit services provider’s stock, valued at approximately $26,577,000. Enova International comprises approximately 7.6% of Tieton Capital Management LLC’s investment portfolio, making the stock its biggest holding.
Several other hedge funds also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp purchased a new stake in shares of Enova International in the second quarter worth approximately $1,464,000. Bank of New York Mellon Corp bought a new position in Enova International during the 2nd quarter worth about $38,453,000. Handelsbanken Fonder AB boosted its stake in shares of Enova International by 17.5% during the second quarter. Handelsbanken Fonder AB now owns 7,400 shares of the credit services provider’s stock valued at $1,781,000 after purchasing an additional 1,100 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Enova International by 2.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,897 shares of the credit services provider’s stock valued at $697,000 after acquiring an additional 73 shares during the period. Finally, Pacer Advisors Inc. grew its stake in Enova International by 58.5% in the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock valued at $56,000 after purchasing an additional 152 shares during the last quarter. 89.43% of the stock is currently owned by institutional investors.
Enova International Stock Performance
ENVA opened at $255.13 on Thursday. The company has a current ratio of 18.42, a quick ratio of 18.42 and a debt-to-equity ratio of 3.35. The firm’s 50-day moving average price is $234.73 and its 200 day moving average price is $181.99. The firm has a market capitalization of $6.35 billion, a PE ratio of 18.91 and a beta of 1.22. Enova International, Inc. has a twelve month low of $103.02 and a twelve month high of $267.45.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on ENVA shares. Wall Street Zen raised shares of Enova International from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Jefferies Financial Group increased their price target on shares of Enova International from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. TD Cowen lifted their price objective on Enova International from $250.00 to $257.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Citigroup reiterated a “market outperform” rating on shares of Enova International in a research note on Friday, July 24th. Finally, Maxim Group upped their price target on Enova International from $191.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Enova International currently has an average rating of “Buy” and a consensus target price of $247.83.
Check Out Our Latest Report on Enova International
Insider Transactions at Enova International
In related news, Chairman David Fisher sold 33,060 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $199.05, for a total value of $6,580,593.00. Following the sale, the chairman directly owned 306,444 shares in the company, valued at approximately $60,997,678.20. The trade was a 9.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William M. Goodyear sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $188.02, for a total transaction of $658,070.00. Following the completion of the sale, the director directly owned 50,820 shares in the company, valued at $9,555,176.40. This trade represents a 6.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 65,619 shares of company stock worth $12,729,462 in the last 90 days. Insiders own 8.40% of the company’s stock.
Enova International Profile
Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.
In addition to its U.S.
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