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

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

Enova International Trading Down 0.5 %

NYSE:ENVA opened at $62.20 on Thursday. The company has a current ratio of 13.15, a quick ratio of 13.15 and a debt-to-equity ratio of 2.64. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 11.19 and a beta of 1.45. The firm has a fifty day simple moving average of $60.92 and a two-hundred day simple moving average of $59.48. Enova International has a 12 month low of $35.30 and a 12 month high of $65.00.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Enova International news, CFO Steven E. Cunningham sold 30,590 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $63.00, for a total value of $1,927,170.00. Following the completion of the sale, the chief financial officer now owns 141,713 shares of the company’s stock, valued at approximately $8,927,919. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Enova International news, CFO Steven E. Cunningham sold 30,590 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $63.00, for a total value of $1,927,170.00. Following the completion of the sale, the chief financial officer now owns 141,713 shares of the company’s stock, valued at approximately $8,927,919. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Fisher sold 20,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $62.72, for a total transaction of $1,254,400.00. Following the completion of the sale, the chief executive officer now directly owns 461,439 shares of the company’s stock, valued at approximately $28,941,454.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 123,643 shares of company stock valued at $7,660,043. Company insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ENVA. Orchard Capital Management LLC lifted its position in shares of 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 purchasing an additional 53,647 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Enova International by 172.5% during the first quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider’s stock valued at $3,253,000 after purchasing an additional 32,779 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Enova International during the fourth quarter valued at about $957,000. Foundry Partners LLC lifted its position in shares of Enova International by 11.3% during the first quarter. Foundry Partners LLC now owns 153,427 shares of the credit services provider’s stock valued at $9,640,000 after purchasing an additional 15,519 shares in the last quarter. Finally, Handelsbanken Fonder AB bought a new position in shares of Enova International during the fourth quarter valued at about $216,000. 89.43% of the stock is owned by institutional investors.

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.