New York State Common Retirement Fund Raises Stock Position in Enova International, Inc. $ENVA

New York State Common Retirement Fund grew its stake in Enova International, Inc. (NYSE:ENVA) by 51.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,719 shares of the credit services provider’s stock after buying an additional 11,180 shares during the period. New York State Common Retirement Fund owned 0.13% of Enova International worth $3,649,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey lifted its position in Enova International by 6.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 5,754 shares of the credit services provider’s stock valued at $642,000 after acquiring an additional 331 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Enova International during the first quarter worth about $56,000. GAMMA Investing LLC lifted its holdings in shares of Enova International by 37.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,383 shares of the credit services provider’s stock valued at $266,000 after purchasing an additional 654 shares during the last quarter. MTM Investment Management LLC purchased a new stake in shares of Enova International in the 2nd quarter valued at about $102,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Enova International by 2.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 65,255 shares of the credit services provider’s stock valued at $7,277,000 after purchasing an additional 1,531 shares during the period. 89.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ENVA has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enova International in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Enova International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Zacks Research cut shares of Enova International from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th. JMP Securities increased their price target on shares of Enova International from $135.00 to $149.00 and gave the stock a “market outperform” rating in a research note on Friday, October 24th. Finally, BTIG Research raised their price objective on shares of Enova International from $129.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. One research 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 stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $116.80.

Insider Activity at Enova International

In related news, CEO David Fisher sold 35,000 shares of Enova International stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $125.55, for a total value of $4,394,250.00. Following the sale, the chief executive officer directly owned 348,223 shares in the company, valued at $43,719,397.65. The trade was a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Steven E. Cunningham sold 14,874 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $120.70, for a total value of $1,795,291.80. Following the transaction, the chief financial officer directly owned 127,719 shares in the company, valued at $15,415,683.30. This represents a 10.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 67,874 shares of company stock worth $8,426,042 in the last quarter. 8.40% of the stock is currently owned by insiders.

Enova International Stock Down 0.5%

ENVA stock opened at $135.49 on Monday. Enova International, Inc. has a one year low of $79.41 and a one year high of $136.51. The stock has a market capitalization of $3.36 billion, a PE ratio of 12.45 and a beta of 1.31. The company has a debt-to-equity ratio of 3.20, a quick ratio of 19.29 and a current ratio of 19.29. The company has a fifty day moving average of $120.31 and a 200-day moving average of $113.01.

Enova International (NYSE:ENVA) last issued its quarterly earnings results on Thursday, October 23rd. The credit services provider reported $3.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.03 by $0.33. The business had revenue of $460.71 million for the quarter, compared to analyst estimates of $806.63 million. Enova International had a net margin of 9.64% and a return on equity of 24.50%. The business’s revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.45 earnings per share. As a group, analysts expect that Enova International, Inc. will post 10.31 EPS for the current year.

Enova International announced that its board has approved a share repurchase plan on Wednesday, November 12th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the credit services provider to buy up to 12.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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.