Enova International, Inc. (NYSE:ENVA) Sees Significant Increase in Short Interest

Enova International, Inc. (NYSE:ENVA) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 1,100,000 shares, an increase of 7.8% from the October 15th total of 1,020,000 shares. Currently, 3.8% of the shares of the stock are sold short. Based on an average daily volume of 230,400 shares, the short-interest ratio is presently 4.8 days.

Insider Buying and Selling

In related news, CFO Steven E. Cunningham sold 7,892 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $50.25, for a total transaction of $396,573.00. Following the sale, the chief financial officer now owns 169,491 shares of the company’s stock, valued at $8,516,922.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Enova International news, CFO Steven E. Cunningham sold 7,892 shares of Enova International stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $50.25, for a total transaction of $396,573.00. Following the transaction, the chief financial officer now directly owns 169,491 shares in the company, valued at approximately $8,516,922.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Linda Johnson Rice sold 2,920 shares of Enova International stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $51.38, for a total transaction of $150,029.60. Following the transaction, the director now owns 14,182 shares in the company, valued at $728,671.16. The disclosure for this sale can be found here. 7.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in Enova International by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 606,338 shares of the credit services provider’s stock worth $32,209,000 after acquiring an additional 16,230 shares during the last quarter. Portolan Capital Management LLC raised its position in shares of Enova International by 30.6% during the first quarter. Portolan Capital Management LLC now owns 243,171 shares of the credit services provider’s stock valued at $10,804,000 after buying an additional 56,910 shares during the last quarter. Tieton Capital Management LLC raised its position in shares of Enova International by 1.5% during the second quarter. Tieton Capital Management LLC now owns 206,027 shares of the credit services provider’s stock valued at $10,944,000 after buying an additional 3,125 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Enova International by 13.0% during the first quarter. Ameriprise Financial Inc. now owns 179,107 shares of the credit services provider’s stock valued at $7,958,000 after buying an additional 20,653 shares during the last quarter. Finally, Foundry Partners LLC raised its position in shares of Enova International by 7.6% during the third quarter. Foundry Partners LLC now owns 128,551 shares of the credit services provider’s stock valued at $6,539,000 after buying an additional 9,125 shares during the last quarter. Institutional investors and hedge funds own 90.32% of the company’s stock.

Enova International Stock Up 1.8 %

Shares of ENVA stock traded up $0.73 on Friday, hitting $40.23. The company’s stock had a trading volume of 364,753 shares, compared to its average volume of 213,889. The company has a debt-to-equity ratio of 1.94, a current ratio of 12.05 and a quick ratio of 12.05. Enova International has a fifty-two week low of $35.30 and a fifty-two week high of $58.64. The firm’s fifty day moving average price is $46.00 and its 200-day moving average price is $49.07. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 6.81 and a beta of 1.55.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Tuesday, October 24th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.51). Enova International had a net margin of 9.47% and a return on equity of 16.25%. The business had revenue of $551.36 million during the quarter, compared to analyst estimates of $532.82 million. Research analysts anticipate that Enova International will post 6.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ENVA shares. TD Cowen started coverage on shares of Enova International in a report on Wednesday, November 1st. They set a “market perform” rating and a $45.00 price target on the stock. StockNews.com cut shares of Enova International from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, JMP Securities lowered their price target on shares of Enova International from $66.00 to $58.00 and set a “market outperform” rating on the stock in a report on Wednesday, October 25th.

About Enova International

Enova International, Inc operates as a financial services company with online lending that serves small businesses and consumers who are underserved by traditional banks. The company offers 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.