Short Interest in Enova International, Inc. (NYSE:ENVA) Expands By 6.2%

Enova International, Inc. (NYSE:ENVA) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 1,550,000 shares, an increase of 6.2% from the May 31st total of 1,460,000 shares. Based on an average daily volume of 224,300 shares, the short-interest ratio is currently 6.9 days. Approximately 6.0% of the shares of the company are sold short.

Insiders Place Their Bets

In other news, insider Kirk Chartier sold 41,303 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $60.16, for a total transaction of $2,484,788.48. Following the completion of the sale, the insider now directly owns 117,422 shares of the company’s stock, valued at approximately $7,064,107.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Enova International news, CEO David Fisher sold 20,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $62.72, for a total transaction of $1,254,400.00. Following the completion of the transaction, the chief executive officer now directly owns 461,439 shares of the company’s stock, valued at $28,941,454.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kirk Chartier sold 41,303 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $60.16, for a total value of $2,484,788.48. Following the completion of the sale, the insider now owns 117,422 shares in the company, valued at $7,064,107.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 123,643 shares of company stock valued at $7,660,043. Insiders own 7.80% of the company’s stock.

Institutional Trading of Enova International

A number of hedge funds have recently modified their holdings of the business. Orchard Capital Management LLC raised its stake in Enova International by 30.0% during the fourth quarter. Orchard Capital Management LLC now owns 232,326 shares of the credit services provider’s stock valued at $12,862,000 after buying an additional 53,647 shares during the last quarter. GAMMA Investing LLC bought a new position in Enova International in the 4th quarter worth about $37,000. Headinvest LLC purchased a new position in Enova International in the third quarter worth about $28,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Enova International in the fourth quarter worth approximately $957,000. Finally, Handelsbanken Fonder AB purchased a new stake in shares of Enova International during the fourth quarter valued at approximately $216,000. Institutional investors own 89.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on ENVA. Maxim Group increased their target price on Enova International from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. JMP Securities raised their price objective on Enova International from $73.00 to $78.00 and gave the company a “market outperform” rating in a report on Wednesday, April 24th. Jefferies Financial Group boosted their price objective on shares of Enova International from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. BMO Capital Markets boosted their price target on shares of Enova International from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Thursday, April 25th. Finally, StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Enova International currently has an average rating of “Moderate Buy” and a consensus target price of $67.60.

Enova International Trading Down 0.5 %

Shares of ENVA traded down $0.34 during trading hours on Wednesday, reaching $62.16. 72,440 shares of the company traded hands, compared to its average volume of 246,034. The company has a quick ratio of 13.15, a current ratio of 13.15 and a debt-to-equity ratio of 2.64. Enova International has a 12 month low of $35.30 and a 12 month high of $65.00. The company’s fifty day moving average price is $60.92 and its two-hundred day moving average price is $59.48. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 11.23 and a beta of 1.45.

Enova International (NYSE:ENVA) last announced its earnings results on Tuesday, April 23rd. The credit services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.18. The firm had revenue of $609.89 million during the quarter, compared to analyst estimates of $578.73 million. Enova International had a return on equity of 15.77% and a net margin of 7.69%. Equities research analysts predict that Enova International will post 7.32 earnings per share for the current fiscal year.

Enova International Company Profile

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.