Enova International, Inc. $ENVA Stock Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. increased its holdings in shares of Enova International, Inc. (NYSE:ENVA) by 578.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,606 shares of the credit services provider’s stock after buying an additional 26,095 shares during the period. Jefferies Financial Group Inc.’s holdings in Enova International were worth $5,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of ENVA. Illinois Municipal Retirement Fund increased its holdings in shares of Enova International by 10.3% in the third quarter. Illinois Municipal Retirement Fund now owns 12,959 shares of the credit services provider’s stock valued at $2,166,000 after purchasing an additional 1,210 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its position in shares of Enova International by 2.5% during the third quarter. Ashton Thomas Private Wealth LLC now owns 4,274 shares of the credit services provider’s stock valued at $714,000 after acquiring an additional 105 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in Enova International by 2.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 2,902 shares of the credit services provider’s stock valued at $485,000 after purchasing an additional 83 shares during the last quarter. Prescott Group Capital Management L.L.C. raised its holdings in shares of Enova International by 49.4% in the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 135,898 shares of the credit services provider’s stock valued at $22,710,000 after buying an additional 44,946 shares during the period. Finally, XML Financial LLC lifted its position in shares of Enova International by 106.1% during the third quarter. XML Financial LLC now owns 2,370 shares of the credit services provider’s stock worth $396,000 after purchasing an additional 1,220 shares in the last quarter. 89.43% of the stock is currently owned by institutional investors and hedge funds.

Enova International Stock Performance

Shares of ENVA stock opened at $167.22 on Friday. Enova International, Inc. has a 1 year low of $119.02 and a 1 year high of $267.45. The company has a debt-to-equity ratio of 3.43, a quick ratio of 18.91 and a current ratio of 18.92. The stock has a fifty day moving average price of $181.64 and a 200 day moving average price of $184.41. The stock has a market cap of $4.09 billion, a PE ratio of 11.40 and a beta of 1.36.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Thursday, October 22nd. The credit services provider reported $4.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.42 by $0.06. Enova International had a net margin of 10.47% and a return on equity of 27.25%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the firm earned $3.36 earnings per share. The company’s revenue for the quarter was up 25.7% compared to the same quarter last year. Sell-side analysts forecast that Enova International, Inc. will post 16.32 earnings per share for the current fiscal year.

Enova International announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, November 10th that authorizes the company to repurchase $500 million in shares. This repurchase authorization authorizes the credit services provider to buy up to 12.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In related news, General Counsel Sean Rahilly sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $183.26, for a total transaction of $1,832,600.00. Following the transaction, the general counsel owned 104,249 shares of the company’s stock, valued at approximately $19,104,671.74. This represents a 8.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kirk Chartier sold 27,977 shares of Enova International stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $171.51, for a total transaction of $4,798,335.27. Following the completion of the sale, the insider directly owned 76,995 shares of the company’s stock, valued at $13,205,412.45. The trade was a 26.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 115,758 shares of company stock valued at $21,490,436 over the last quarter. 8.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Citizens Jmp lifted their target price on Enova International from $215.00 to $220.00 and gave the company a “market outperform” rating in a report on Friday, October 23rd. Wall Street Zen downgraded shares of Enova International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 22nd. TD Cowen boosted their target price on Enova International from $220.00 to $224.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Jefferies Financial Group decreased their price target on shares of Enova International from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Finally, Weiss Ratings cut Enova International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $239.00.

Enova International Company Profile

Enova International is a financial technology company that provides online financial services to consumers and small businesses, with a focus on customers who may have limited access to traditional credit. Its products include installment loans and lines of credit. The company serves consumers through brands including CashNetUSA and NetCredit, and provides financing to small businesses through OnDeck and Headway Capital. Enova also uses data analytics and technology to support its lending and customer-service operations.