Orchard Capital Management LLC Has $14.46 Million Holdings in Enova International, Inc. (NYSE:ENVA)

Orchard Capital Management LLC decreased its stake in Enova International, Inc. (NYSE:ENVA) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 232,326 shares of the credit services provider’s stock after selling 3,010 shares during the period. Enova International comprises about 4.4% of Orchard Capital Management LLC’s holdings, making the stock its 6th largest holding. Orchard Capital Management LLC owned about 0.82% of Enova International worth $14,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its stake in Enova International by 172.5% in the 1st 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 during the last quarter. Smith Shellnut Wilson LLC ADV acquired a new position in Enova International in the 2nd quarter valued at approximately $235,000. SG Americas Securities LLC acquired a new position in Enova International in the 1st quarter valued at approximately $223,000. Campbell & CO Investment Adviser LLC acquired a new position in Enova International in the 4th quarter valued at approximately $957,000. Finally, GAMMA Investing LLC increased its position in Enova International by 27.6% in the 2nd quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock valued at $53,000 after acquiring an additional 185 shares during the period. Institutional investors own 89.43% of the company’s stock.

Insider Buying and Selling

In related news, General Counsel Sean Rahilly sold 10,158 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $81.36, for a total transaction of $826,454.88. Following the transaction, the general counsel now directly owns 101,949 shares of the company’s stock, valued at $8,294,570.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Enova International news, CFO Steven E. Cunningham sold 23,867 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $81.54, for a total value of $1,946,115.18. Following the transaction, the chief financial officer now directly owns 133,471 shares of the company’s stock, valued at $10,883,225.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Sean Rahilly sold 10,158 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $81.36, for a total transaction of $826,454.88. Following the completion of the transaction, the general counsel now directly owns 101,949 shares in the company, valued at $8,294,570.64. The disclosure for this sale can be found here. Insiders have sold a total of 56,725 shares of company stock valued at $4,690,053 over the last ninety days. 7.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ENVA has been the subject of several recent research reports. JMP Securities upped their price target on shares of Enova International from $78.00 to $93.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 24th. Janney Montgomery Scott cut shares of Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. TD Cowen upped their price target on shares of Enova International from $70.00 to $76.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Finally, BTIG Research began coverage on shares of Enova International in a research report on Wednesday, August 14th. They set a “buy” rating and a $90.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $79.00.

Enova International Trading Up 3.1 %

ENVA opened at $85.47 on Friday. Enova International, Inc. has a twelve month low of $35.30 and a twelve month high of $88.42. The company has a quick ratio of 12.07, a current ratio of 12.07 and a debt-to-equity ratio of 2.78. The company has a fifty day moving average of $79.36 and a 200-day moving average of $67.58. The stock has a market cap of $2.41 billion, a PE ratio of 15.37 and a beta of 1.43.

Enova International (NYSE:ENVA) last issued its earnings results on Tuesday, July 23rd. The credit services provider reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.14. The business had revenue of $628.44 million for the quarter, compared to analyst estimates of $622.92 million. Enova International had a net margin of 7.52% and a return on equity of 16.53%. Enova International’s revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.57 earnings per share. On average, sell-side analysts predict that Enova International, Inc. will post 7.84 EPS for the current year.

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.