GAMMA Investing LLC Acquires New Position in Enova International, Inc. (NYSE:ENVA)

GAMMA Investing LLC bought a new position in shares of Enova International, Inc. (NYSE:ENVA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 687 shares of the credit services provider’s stock, valued at approximately $37,000.

Other institutional investors have also recently bought and sold shares of the company. Headinvest LLC bought a new position in shares of Enova International in the 3rd quarter worth $28,000. Handelsbanken Fonder AB bought a new position in Enova International during the fourth quarter worth about $216,000. Quantbot Technologies LP grew its position in shares of Enova International by 75.1% during the 3rd quarter. Quantbot Technologies LP now owns 10,301 shares of the credit services provider’s stock worth $524,000 after buying an additional 4,417 shares during the period. Jackson Creek Investment Advisors LLC bought a new stake in shares of Enova International in the 3rd quarter valued at about $928,000. Finally, New York State Common Retirement Fund raised its position in shares of Enova International by 3.8% in the 3rd quarter. New York State Common Retirement Fund now owns 59,748 shares of the credit services provider’s stock valued at $3,039,000 after acquiring an additional 2,203 shares during the period. Institutional investors and hedge funds own 89.43% of the company’s stock.

Insider Transactions at Enova International

In other Enova International news, General Counsel Sean Rahilly sold 2,347 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $60.40, for a total value of $141,758.80. Following the sale, the general counsel now owns 107,992 shares in the company, valued at approximately $6,522,716.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Linda Johnson Rice sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $62.12, for a total value of $310,600.00. Following the completion of the transaction, the director now owns 9,182 shares in the company, valued at approximately $570,385.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Sean Rahilly sold 2,347 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $60.40, for a total value of $141,758.80. Following the sale, the general counsel now owns 107,992 shares in the company, valued at approximately $6,522,716.80. The disclosure for this sale can be found here. Insiders sold 61,528 shares of company stock valued at $3,726,727 over the last three months. Company insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

ENVA has been the subject of a number of analyst reports. JMP Securities boosted their price objective on shares of Enova International from $73.00 to $78.00 and gave the company a “market outperform” rating in a report on Wednesday, April 24th. Maxim Group upped their price objective on shares of Enova International from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. BMO Capital Markets raised their price objective on Enova International from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Thursday, April 25th. TheStreet cut Enova International from a “b” rating to a “c+” rating in a research note on Tuesday, January 30th. Finally, StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Enova International presently has a consensus rating of “Moderate Buy” and an average price target of $67.60.

Enova International Price Performance

ENVA stock opened at $62.01 on Friday. The stock has a market cap of $1.75 billion, a PE ratio of 11.15 and a beta of 1.52. The stock has a 50-day moving average price of $61.78 and a two-hundred day moving average price of $54.17. Enova International, Inc. has a 1 year low of $35.30 and a 1 year high of $65.00. The company has a current ratio of 13.15, a quick ratio of 13.15 and a debt-to-equity ratio of 2.64.

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.