Amalgamated Bank Sells 564 Shares of Enova International, Inc. (NYSE:ENVA)

Amalgamated Bank trimmed its stake in shares of Enova International, Inc. (NYSE:ENVA) by 6.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 7,745 shares of the credit services provider’s stock after selling 564 shares during the quarter. Amalgamated Bank’s holdings in Enova International were worth $649,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its position in Enova International by 27.6% during the 2nd quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock worth $53,000 after acquiring an additional 185 shares during the last quarter. J.Safra Asset Management Corp grew its position in Enova International by 25.1% during the 2nd quarter. J.Safra Asset Management Corp now owns 1,163 shares of the credit services provider’s stock worth $72,000 after acquiring an additional 233 shares during the last quarter. USA Financial Formulas bought a new position in Enova International during the 3rd quarter worth approximately $76,000. SG Americas Securities LLC bought a new position in Enova International during the 1st quarter worth approximately $223,000. Finally, Lazard Asset Management LLC grew its position in Enova International by 21.1% during the 1st quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock worth $228,000 after acquiring an additional 636 shares during the last quarter. 89.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ENVA shares. Stephens assumed coverage on Enova International in a research report on Wednesday. They set an “overweight” rating and a $108.00 price target on the stock. TD Cowen increased 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. StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a report on Monday, October 21st. JMP Securities increased their price objective on Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 23rd. Finally, BTIG Research increased their price objective on Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.14.

Insider Activity

In other Enova International news, CEO David Fisher sold 13,314 shares of Enova International stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $101.74, for a total transaction of $1,354,566.36. Following the completion of the transaction, the chief executive officer now owns 399,925 shares in the company, valued at approximately $40,688,369.50. The trade was a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven E. Cunningham sold 2,455 shares of Enova International stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $89.75, for a total value of $220,336.25. Following the transaction, the chief financial officer now owns 127,900 shares of the company’s stock, valued at $11,479,025. The trade was a 1.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,843 shares of company stock worth $8,121,179 in the last quarter. 7.80% of the stock is owned by company insiders.

Enova International Trading Down 0.4 %

ENVA opened at $100.51 on Friday. The stock has a market cap of $2.63 billion, a PE ratio of 16.22 and a beta of 1.42. The company has a quick ratio of 15.82, a current ratio of 15.82 and a debt-to-equity ratio of 2.79. The business has a 50 day moving average of $86.47 and a 200-day moving average of $74.94. Enova International, Inc. has a 52 week low of $38.89 and a 52 week high of $106.51.

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

Enova International announced that its board has approved a share 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 shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

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.