Campbell & CO Investment Adviser LLC Takes Position in Enova International, Inc. $ENVA

Campbell & CO Investment Adviser LLC bought a new position in shares of Enova International, Inc. (NYSE:ENVA) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 1,886 shares of the credit services provider’s stock, valued at approximately $210,000.

Several other hedge funds have also recently bought and sold shares of the business. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Enova International during the first quarter worth approximately $56,000. GAMMA Investing LLC lifted its holdings in shares of Enova International by 37.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,383 shares of the credit services provider’s stock valued at $266,000 after acquiring an additional 654 shares in the last quarter. Kendall Capital Management purchased a new stake in Enova International during the 2nd quarter worth $544,000. J.Safra Asset Management Corp increased its holdings in Enova International by 40.8% in the 2nd quarter. J.Safra Asset Management Corp now owns 5,327 shares of the credit services provider’s stock valued at $591,000 after purchasing an additional 1,543 shares in the last quarter. Finally, Amundi purchased a new position in Enova International in the first quarter valued at about $1,886,000. Hedge funds and other institutional investors own 89.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ENVA. JMP Securities upped their target price on Enova International from $135.00 to $149.00 and gave the stock a “market outperform” rating in a research report on Friday, October 24th. BTIG Research boosted their price target on Enova International from $129.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enova International in a research report on Wednesday, October 8th. Finally, Zacks Research cut shares of Enova International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $116.80.

Enova International Price Performance

Shares of NYSE ENVA opened at $119.68 on Wednesday. The company has a quick ratio of 18.15, a current ratio of 19.29 and a debt-to-equity ratio of 3.20. Enova International, Inc. has a fifty-two week low of $79.41 and a fifty-two week high of $133.33. The business has a 50 day moving average price of $118.31 and a two-hundred day moving average price of $109.93. The firm has a market cap of $2.97 billion, a PE ratio of 11.00 and a beta of 1.47.

Enova International (NYSE:ENVA) last released its earnings results on Thursday, October 23rd. The credit services provider reported $3.36 EPS for the quarter, beating the consensus estimate of $3.03 by $0.33. Enova International had a return on equity of 24.50% and a net margin of 9.64%.The company had revenue of $460.71 million during the quarter, compared to analysts’ expectations of $806.63 million. During the same period in the prior year, the business posted $2.45 EPS. The business’s revenue was up 16.3% on a year-over-year basis. Sell-side analysts expect that Enova International, Inc. will post 10.31 earnings per share for the current fiscal year.

Enova International declared that its Board of Directors has approved a stock repurchase program on Wednesday, November 12th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the credit services provider to buy up to 12.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Enova International

In other news, CEO David Fisher sold 35,000 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $125.55, for a total transaction of $4,394,250.00. Following the transaction, the chief executive officer owned 348,223 shares of the company’s stock, valued at approximately $43,719,397.65. This trade represents a 9.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Steven E. Cunningham sold 14,874 shares of the business’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $120.70, for a total value of $1,795,291.80. Following the completion of the sale, the chief financial officer directly owned 127,719 shares of the company’s stock, valued at approximately $15,415,683.30. This represents a 10.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 86,874 shares of company stock valued at $10,708,742. 8.40% of the stock is owned by company insiders.

About Enova International

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.