Marshall Wace LLP Cuts Stake in Enova International, Inc. (NYSE:ENVA)

Marshall Wace LLP cut its holdings in Enova International, Inc. (NYSE:ENVA) by 81.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,833 shares of the credit services provider’s stock after selling 111,045 shares during the quarter. Marshall Wace LLP owned approximately 0.09% of Enova International worth $1,608,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ENVA. Orchard Capital Management LLC boosted its position in Enova International by 30.0% during the 4th quarter. Orchard Capital Management LLC now owns 232,326 shares of the credit services provider’s stock valued at $12,862,000 after acquiring an additional 53,647 shares in the last quarter. Foundry Partners LLC grew its stake in Enova International by 11.3% in 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 during the last quarter. BNP Paribas Financial Markets raised its holdings in Enova International by 172.5% in the first quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider’s stock worth $3,253,000 after purchasing an additional 32,779 shares in the last quarter. Summit Global Investments lifted its position in shares of Enova International by 7.5% during the second quarter. Summit Global Investments now owns 25,464 shares of the credit services provider’s stock valued at $1,585,000 after buying an additional 1,785 shares during the last quarter. Finally, Smith Shellnut Wilson LLC ADV bought a new stake in shares of Enova International in the 2nd quarter valued at about $235,000. 89.43% of the stock is currently owned by institutional investors.

Enova International Price Performance

NYSE ENVA opened at $83.74 on Friday. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 15.06 and a beta of 1.43. The company has a debt-to-equity ratio of 2.78, a current ratio of 12.07 and a quick ratio of 12.07. The stock’s fifty day moving average price is $81.22 and its 200 day moving average price is $69.19. Enova International, Inc. has a 1 year low of $35.30 and a 1 year high of $88.42.

Enova International (NYSE:ENVA) last announced its quarterly earnings data on Tuesday, July 23rd. The credit services provider reported $2.21 earnings per share 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 business had revenue of $628.44 million for the quarter, compared to analyst estimates of $622.92 million. During the same period in the prior year, the company earned $1.57 earnings per share. The company’s revenue was up 25.8% on a year-over-year basis. As a group, equities research analysts forecast that Enova International, Inc. will post 7.79 earnings per share for the current year.

Enova International declared that its board has authorized a stock repurchase plan on Monday, August 12th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the credit services provider to repurchase up to 12.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts recently commented on ENVA shares. Janney Montgomery Scott lowered shares of Enova International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. TD Cowen increased their price objective on Enova International from $70.00 to $76.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. JMP Securities raised their price objective on Enova International from $78.00 to $93.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 24th. Finally, BTIG Research initiated coverage on Enova International in a research report on Wednesday, August 14th. They set a “buy” rating and a $90.00 target price on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Enova International presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.00.

Insider Buying and Selling

In other Enova International news, General Counsel Sean Rahilly sold 10,158 shares of Enova International stock in a transaction that occurred 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 sale, the general counsel now directly owns 101,949 shares in the company, valued at approximately $8,294,570.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Enova International news, General Counsel Sean Rahilly sold 10,158 shares of Enova International stock in a transaction dated Friday, July 26th. The stock was 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 owns 101,949 shares in the company, valued at approximately $8,294,570.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David Fisher sold 10,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $83.46, for a total value of $834,600.00. Following the completion of the transaction, the chief executive officer now directly owns 423,239 shares of the company’s stock, valued at approximately $35,323,526.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,725 shares of company stock worth $4,690,053. 7.80% of the stock is owned by company 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.