Harspring Capital Management LLC Decreases Stake in Enova International, Inc. (NYSE:ENVA)

Harspring Capital Management LLC reduced its position in Enova International, Inc. (NYSE:ENVA) by 4.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 410,000 shares of the credit services provider’s stock after selling 20,000 shares during the quarter. Enova International comprises about 8.2% of Harspring Capital Management LLC’s holdings, making the stock its 5th biggest holding. Harspring Capital Management LLC owned 1.56% of Enova International worth $34,354,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Enova International by 27.6% in the 2nd quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock valued at $53,000 after acquiring an additional 185 shares in the last quarter. J.Safra Asset Management Corp raised its stake in Enova International by 25.1% in the second quarter. J.Safra Asset Management Corp now owns 1,163 shares of the credit services provider’s stock valued at $72,000 after purchasing an additional 233 shares in the last quarter. USA Financial Formulas bought a new stake in Enova International during the third quarter valued at approximately $76,000. Smith Shellnut Wilson LLC ADV purchased a new position in Enova International in the 2nd quarter worth approximately $235,000. Finally, F M Investments LLC bought a new position in shares of Enova International in the 3rd quarter worth $242,000. Hedge funds and other institutional investors own 89.43% of the company’s stock.

Insider Activity at Enova International

In other news, CEO David Fisher sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $105.47, for a total transaction of $1,054,700.00. Following the completion of the transaction, the chief executive officer now directly owns 389,925 shares in the company, valued at $41,125,389.75. This trade represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven E. Cunningham sold 29,158 shares of Enova International stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $89.53, for a total value of $2,610,515.74. Following the completion of the transaction, the chief financial officer now directly owns 130,355 shares of the company’s stock, valued at approximately $11,670,683.15. This represents a 18.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,843 shares of company stock valued at $7,496,779 in the last three months. Company insiders own 7.80% of the company’s stock.

Enova International Stock Up 0.6 %

Shares of NYSE:ENVA opened at $106.10 on Tuesday. The stock’s 50-day moving average is $92.10 and its 200 day moving average is $78.64. The company has a market cap of $2.78 billion, a PE ratio of 16.92 and a beta of 1.46. The company has a debt-to-equity ratio of 2.79, a current ratio of 15.82 and a quick ratio of 15.82. Enova International, Inc. has a 1 year low of $42.08 and a 1 year high of $108.15.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.14. Enova International had a return on equity of 18.41% and a net margin of 7.19%. The company had revenue of $689.92 million during the quarter, compared to analyst estimates of $666.33 million. During the same quarter last year, the firm posted $1.33 earnings per share. The firm’s revenue was up 25.1% on a year-over-year basis. Sell-side analysts anticipate that Enova International, Inc. will post 8.04 EPS for the current year.

Enova International declared that its board has authorized a stock buyback program on Monday, August 12th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the credit services provider to buy up to 12.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ENVA shares. JMP Securities lifted their price objective on shares of Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 23rd. StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. BTIG Research lifted their target price on shares of Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Janney Montgomery Scott lowered shares of Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. Finally, TD Cowen lifted their price objective on Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Enova International has a consensus rating of “Moderate Buy” and a consensus price target of $91.14.

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.