Symphony Asset Management LLC Sells 11,164 Shares of Enova International, Inc. (ENVA)
Symphony Asset Management LLC decreased its stake in shares of Enova International, Inc. (NYSE:ENVA) by 15.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,505 shares of the credit services provider’s stock after selling 11,164 shares during the period. Symphony Asset Management LLC owned 0.18% of Enova International worth $913,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Blair William & Co. IL purchased a new position in Enova International during the first quarter worth $165,000. Arizona State Retirement System increased its position in Enova International by 1.7% during the first quarter. Arizona State Retirement System now owns 12,164 shares of the credit services provider’s stock worth $181,000 after buying an additional 200 shares in the last quarter. Airain ltd purchased a new position in Enova International during the first quarter worth $187,000. Affinity Investment Advisors LLC increased its position in Enova International by 0.7% during the second quarter. Affinity Investment Advisors LLC now owns 15,279 shares of the credit services provider’s stock worth $227,000 after buying an additional 104 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in Enova International during the first quarter worth $230,000. 95.34% of the stock is owned by institutional investors.
Shares of Enova International, Inc. (ENVA) traded down 0.40% during midday trading on Wednesday, hitting $12.55. The stock had a trading volume of 7,939 shares. The firm has a market cap of $422.72 million, a price-to-earnings ratio of 10.10 and a beta of 3.44. Enova International, Inc. has a 12-month low of $8.68 and a 12-month high of $16.80. The company’s 50-day moving average price is $12.91 and its 200-day moving average price is $13.98.
Enova International (NYSE:ENVA) last announced its earnings results on Thursday, July 27th. The credit services provider reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Enova International had a net margin of 5.42% and a return on equity of 15.97%. The company had revenue of $189.90 million for the quarter, compared to the consensus estimate of $193.70 million. During the same period in the previous year, the business earned $0.25 EPS. The company’s revenue was up 10.1% on a year-over-year basis. Equities research analysts forecast that Enova International, Inc. will post $1.29 EPS for the current year.
A number of brokerages have recently commented on ENVA. Zacks Investment Research downgraded Enova International from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. BidaskClub downgraded Enova International from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Maxim Group began coverage on Enova International in a research report on Wednesday, July 12th. They issued a “buy” rating and a $18.00 price objective for the company. ValuEngine raised Enova International from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Enova International in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Enova International presently has an average rating of “Buy” and an average price target of $14.42.
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About Enova International
Enova International, Inc is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged loans to consumers in 33 states in the United States and in the United Kingdom and Brazil. As of December 31, 2016, it also offered financing to small businesses in all 50 states and Washington DC in the United States.
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