Hillsdale Investment Management Inc. Raises Stake in Enova International, Inc. $ENVA

Hillsdale Investment Management Inc. increased its holdings in shares of Enova International, Inc. (NYSE:ENVA) by 12.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,780 shares of the credit services provider’s stock after acquiring an additional 6,300 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.24% of Enova International worth $6,765,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Loomis Sayles & Co. L P purchased a new position in shares of Enova International during the second quarter valued at approximately $11,152,000. CSM Advisors LLC purchased a new stake in shares of Enova International in the 2nd quarter worth approximately $5,974,000. Arkadios Wealth Advisors bought a new position in Enova International during the 2nd quarter valued at approximately $2,169,000. Harbor Capital Advisors Inc. raised its stake in Enova International by 8,356.1% during the third quarter. Harbor Capital Advisors Inc. now owns 16,574 shares of the credit services provider’s stock valued at $1,908,000 after buying an additional 16,378 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in Enova International by 51.9% during the second quarter. New York State Common Retirement Fund now owns 32,719 shares of the credit services provider’s stock valued at $3,649,000 after buying an additional 11,180 shares during the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ENVA. Zacks Research raised Enova International from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. TD Cowen reiterated a “buy” rating on shares of Enova International in a research note on Thursday, January 8th. Citigroup reissued an “outperform” rating on shares of Enova International in a research report on Wednesday, January 28th. Citizens Jmp raised their price objective on shares of Enova International from $180.00 to $182.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 28th. Finally, Maxim Group set a $191.00 target price on shares of Enova International in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat.com, Enova International currently has a consensus rating of “Buy” and a consensus target price of $188.00.

Enova International Trading Up 0.1%

Shares of NYSE:ENVA opened at $145.12 on Friday. The company has a debt-to-equity ratio of 3.37, a current ratio of 9.48 and a quick ratio of 19.29. Enova International, Inc. has a 1 year low of $79.41 and a 1 year high of $176.68. The company has a market cap of $4.08 billion, a P/E ratio of 12.53 and a beta of 1.25. The stock’s fifty day moving average price is $158.71 and its 200-day moving average price is $133.57.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Tuesday, January 27th. The credit services provider reported $3.46 EPS for the quarter, topping the consensus estimate of $3.17 by $0.29. The company had revenue of $1.34 billion during 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%.Enova International’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the company earned $2.61 EPS. Sell-side analysts expect that Enova International, Inc. will post 10.31 earnings per share for the current year.

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

Insider Activity

In related news, Director Mark Tebbe sold 20,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $172.24, for a total transaction of $3,444,800.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James A. Gray sold 19,999 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $172.04, for a total transaction of $3,440,627.96. The SEC filing for this sale provides additional information. Insiders sold 134,019 shares of company stock valued at $22,151,701 over the last three months. Corporate insiders own 8.40% of the company’s stock.

About Enova International

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.