Quantbot Technologies LP Sells 16,266 Shares of Enova International, Inc. $ENVA

Quantbot Technologies LP decreased its stake in Enova International, Inc. (NYSE:ENVA) by 69.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,064 shares of the credit services provider’s stock after selling 16,266 shares during the quarter. Quantbot Technologies LP’s holdings in Enova International were worth $813,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Hillsdale Investment Management Inc. raised its stake in Enova International by 12.0% during the third quarter. Hillsdale Investment Management Inc. now owns 58,780 shares of the credit services provider’s stock worth $6,765,000 after acquiring an additional 6,300 shares in the last quarter. LSV Asset Management bought a new stake in shares of Enova International in the 3rd quarter worth about $253,000. Moloney Securities Asset Management LLC acquired a new stake in shares of Enova International during the 3rd quarter worth about $289,000. Bessemer Group Inc. increased its position in shares of Enova International by 174.2% during the 3rd quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 162 shares in the last quarter. Finally, Strs Ohio bought a new position in Enova International during the 3rd quarter valued at about $35,000. 89.43% of the stock is currently owned by institutional investors.

Insider Activity at Enova International

In other news, Chairman David Fisher sold 7,143 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $149.49, for a total transaction of $1,067,807.07. Following the transaction, the chairman owned 326,444 shares of the company’s stock, valued at $48,800,113.56. This represents a 2.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James A. Gray sold 19,999 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $172.04, for a total value of $3,440,627.96. The SEC filing for this sale provides additional information. Insiders have sold a total of 134,019 shares of company stock valued at $22,151,701 over the last quarter. 8.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ENVA. TD Cowen reaffirmed a “buy” rating on shares of Enova International in a research note on Thursday, January 8th. Maxim Group set a $191.00 target price on Enova International in a report on Thursday, January 29th. BTIG Research reaffirmed a “buy” rating and set a $199.00 price target on shares of Enova International in a report on Wednesday, January 28th. Citigroup reiterated an “outperform” rating on shares of Enova International in a research report on Wednesday, January 28th. Finally, Zacks Research upgraded Enova International from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $188.00.

Enova International Price Performance

ENVA opened at $137.43 on Friday. The company has a debt-to-equity ratio of 3.37, a current ratio of 9.48 and a quick ratio of 9.48. The stock has a market capitalization of $3.44 billion, a P/E ratio of 11.87 and a beta of 1.24. The company’s 50 day simple moving average is $154.32 and its 200-day simple moving average is $136.00. Enova International, Inc. has a one year low of $79.41 and a one year high of $176.68.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Tuesday, January 27th. The credit services provider reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.17 by $0.29. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $838.59 million. Enova International had a return on equity of 25.31% and a net margin of 9.78%.The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.61 EPS. Sell-side analysts anticipate 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 authorized a stock buyback plan on Wednesday, November 12th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the credit services provider to purchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Enova International Company 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.