Amalgamated Bank Has $517,000 Stock Holdings in Enova International, Inc. (NYSE:ENVA)

Amalgamated Bank decreased its holdings in shares of Enova International, Inc. (NYSE:ENVA) by 8.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 8,309 shares of the credit services provider’s stock after selling 797 shares during the period. Amalgamated Bank’s holdings in Enova International were worth $517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Smith Shellnut Wilson LLC ADV bought a new position in Enova International during the 2nd quarter worth $235,000. Summit Global Investments increased its position in shares of Enova International by 7.5% in the second quarter. Summit Global Investments now owns 25,464 shares of the credit services provider’s stock worth $1,585,000 after purchasing an additional 1,785 shares during the period. J.Safra Asset Management Corp increased its position in shares of 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 worth $72,000 after purchasing an additional 233 shares during the period. GAMMA Investing LLC increased its position in shares of Enova International by 27.6% in the second quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock worth $53,000 after purchasing an additional 185 shares during the period. Finally, Lazard Asset Management LLC increased its position in shares of Enova International by 21.1% in the first quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock worth $228,000 after purchasing an additional 636 shares during the period. Institutional investors and hedge funds own 89.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ENVA. TD Cowen raised their price target on Enova International from $70.00 to $76.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Janney Montgomery Scott cut Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. BTIG Research began coverage on Enova International in a research report on Wednesday, August 14th. They issued a “buy” rating and a $90.00 target price on the stock. Finally, JMP Securities lifted their target price on Enova International from $78.00 to $93.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $79.00.

Enova International Stock Performance

Shares of ENVA stock opened at $82.58 on Monday. The business’s 50-day moving average price is $80.77 and its 200-day moving average price is $68.48. Enova International, Inc. has a 12 month low of $35.30 and a 12 month high of $88.42. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 14.85 and a beta of 1.43. The company has a current ratio of 12.07, a quick ratio of 12.07 and a debt-to-equity ratio of 2.78.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Tuesday, July 23rd. The credit services provider reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.14. Enova International had a return on equity of 16.53% and a net margin of 7.52%. The firm had revenue of $628.44 million for the quarter, compared to analyst estimates of $622.92 million. During the same period last year, the firm posted $1.57 earnings per share. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. Equities research analysts forecast that Enova International, Inc. will post 7.79 EPS for the current year.

Enova International announced that its Board of Directors has authorized 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 repurchase up to 12.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, CEO David Fisher sold 10,000 shares of Enova International stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $83.46, for a total transaction of $834,600.00. Following the sale, the chief executive officer now directly owns 423,239 shares of the company’s stock, valued at $35,323,526.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Linda Johnson Rice sold 2,700 shares of Enova International stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $88.29, for a total value of $238,383.00. Following the transaction, the director now directly owns 7,486 shares of the company’s stock, valued at $660,938.94. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David Fisher sold 10,000 shares of Enova International stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $83.46, for a total value of $834,600.00. Following the completion of the sale, the chief executive officer now owns 423,239 shares of the company’s stock, valued at $35,323,526.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,725 shares of company stock valued at $4,690,053. 7.80% of the stock is currently owned by corporate insiders.

Enova International 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.