Summit Global Investments Trims Stock Position in Enova International, Inc. (NYSE:ENVA)

Summit Global Investments cut its stake in shares of Enova International, Inc. (NYSE:ENVA) by 22.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,619 shares of the credit services provider’s stock after selling 3,586 shares during the period. Summit Global Investments’ holdings in Enova International were worth $1,210,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its stake in Enova International by 672.9% during the 4th quarter. Farther Finance Advisors LLC now owns 371 shares of the credit services provider’s stock valued at $36,000 after acquiring an additional 323 shares during the last quarter. Quantbot Technologies LP raised its stake in Enova International by 10.2% during the 3rd quarter. Quantbot Technologies LP now owns 14,182 shares of the credit services provider’s stock valued at $1,188,000 after acquiring an additional 1,311 shares during the last quarter. Longboard Asset Management LP purchased a new position in shares of Enova International during the 4th quarter worth approximately $202,000. Crossmark Global Holdings Inc. purchased a new position in shares of Enova International during the 4th quarter worth approximately $206,000. Finally, Cibc World Markets Corp purchased a new position in shares of Enova International during the 4th quarter worth approximately $229,000. 89.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ENVA shares. Maxim Group increased their target price on Enova International from $108.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. BTIG Research increased their target price on Enova International from $122.00 to $129.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. JMP Securities increased their target price on Enova International from $125.00 to $135.00 and gave the stock a “market outperform” rating in a research note on Wednesday, February 5th. Finally, Stephens increased their target price on Enova International from $115.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.14.

Enova International Stock Performance

ENVA opened at $97.43 on Friday. The stock has a market cap of $2.51 billion, a P/E ratio of 13.09 and a beta of 1.43. The company has a debt-to-equity ratio of 2.98, a current ratio of 9.52 and a quick ratio of 15.82. The stock’s 50 day simple moving average is $104.22 and its 200 day simple moving average is $96.69. Enova International, Inc. has a 1-year low of $57.46 and a 1-year high of $117.56.

Enova International (NYSE:ENVA) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.08. Enova International had a return on equity of 19.94% and a net margin of 7.88%. As a group, equities analysts anticipate that Enova International, Inc. will post 10.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Enova International news, CFO Steven E. Cunningham sold 25,733 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $116.50, for a total transaction of $2,997,894.50. Following the sale, the chief financial officer now owns 155,855 shares in the company, valued at approximately $18,157,107.50. This represents a 14.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO James Joseph Lee sold 455 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $116.59, for a total value of $53,048.45. Following the sale, the chief accounting officer now owns 21,688 shares in the company, valued at approximately $2,528,603.92. This trade represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.80% of the company’s stock.

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.