Handelsbanken Fonder AB Makes New Investment in Enova International, Inc. (NYSE:ENVA)

Handelsbanken Fonder AB bought a new stake in Enova International, Inc. (NYSE:ENVA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,900 shares of the credit services provider’s stock, valued at approximately $216,000.

Several other institutional investors also recently made changes to their positions in the stock. Jackson Creek Investment Advisors LLC acquired a new position in shares of Enova International during the 3rd quarter worth $928,000. New York State Common Retirement Fund boosted its holdings in shares of Enova International by 3.8% during the third quarter. New York State Common Retirement Fund now owns 59,748 shares of the credit services provider’s stock worth $3,039,000 after purchasing an additional 2,203 shares during the last quarter. Quantbot Technologies LP grew its position in shares of Enova International by 75.1% in the third quarter. Quantbot Technologies LP now owns 10,301 shares of the credit services provider’s stock valued at $524,000 after purchasing an additional 4,417 shares during the period. Foundry Partners LLC lifted its position in Enova International by 7.6% during the third quarter. Foundry Partners LLC now owns 128,551 shares of the credit services provider’s stock worth $6,539,000 after buying an additional 9,125 shares during the period. Finally, Headinvest LLC acquired a new stake in Enova International in the 3rd quarter worth about $28,000. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Steven E. Cunningham sold 30,590 shares of Enova International stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $63.00, for a total transaction of $1,927,170.00. Following the sale, the chief financial officer now owns 141,713 shares in the company, valued at $8,927,919. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, General Counsel Sean Rahilly sold 2,347 shares of the business’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 transaction, the general counsel now owns 107,992 shares in the company, valued at $6,522,716.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Steven E. Cunningham sold 30,590 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $63.00, for a total value of $1,927,170.00. Following the sale, the chief financial officer now owns 141,713 shares of the company’s stock, valued at approximately $8,927,919. The disclosure for this sale can be found here. Insiders sold a total of 61,528 shares of company stock worth $3,726,727 in the last 90 days. 7.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on ENVA shares. JMP Securities upped their price objective on shares of Enova International from $73.00 to $78.00 and gave the company a “market outperform” rating in a research note on Wednesday, April 24th. StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a report on Thursday. Maxim Group boosted their price objective on shares of Enova International from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Jefferies Financial Group lifted their target price on Enova International from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, TheStreet downgraded Enova International from a “b” rating to a “c+” rating in a research report on Tuesday, January 30th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.60.

Enova International Stock Up 0.6 %

Shares of Enova International stock opened at $62.01 on Friday. The company has a fifty day moving average price of $61.77 and a 200 day moving average price of $54.09. 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, Inc. has a twelve month low of $35.30 and a twelve month high of $65.00. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 11.15 and a beta of 1.52.

Enova International (NYSE:ENVA) last posted its earnings results on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. The business had revenue of $583.59 million during the quarter, compared to analyst estimates of $587.34 million. Enova International had a return on equity of 15.77% and a net margin of 7.69%. Equities research analysts forecast that Enova International, Inc. will post 7.32 earnings per share for the current fiscal 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.