Steven E. Cunningham sells 29,674 shares of Enova International, Inc. (NYSE: ENVA)
Enova International, Inc. (NYSE: ENVA – Get a rating) Chief Financial Officer Steven E. Cunningham sold 29,674 shares of Enova International in a trade that took place on Tuesday, October 4. The shares were sold at an average price of $31.00, for a total transaction of $919,894.00. Following the sale, the CFO now directly owns 178,356 shares of the company, valued at approximately $5,529,036. The transaction was disclosed in a legal filing with the SEC, accessible via the SEC website.
Enova International trades up 7.0%
Enova International stock traded at $2.09 during Tuesday’s trading, hitting $32.06. The company had a trading volume of 260,565 shares, compared to an average volume of 288,948. Enova International, Inc. has a 1-year low of $25.80 and a 1-year high of $47.88. The company has a current ratio of 13.45, a quick ratio of 13.45 and a debt ratio of 1.66. The company’s 50-day simple moving average is $34.34 and its 200-day simple moving average is $33.60. The stock has a market capitalization of $1.03 billion, a price-earnings ratio of 5.58 and a beta of 1.43.
Enova International (NYSE: ENVA – Get a rating) last released its results on Thursday, July 28. The credit service provider reported earnings per share of $1.48 for the quarter, matching the consensus estimate of $1.48. The company posted revenue of $407.90 million in the quarter, versus a consensus estimate of $405.15 million. Enova International had a net margin of 13.88% and a return on equity of 19.31%. The company’s revenue for the quarter increased 54.1% on an annual basis. In the same quarter last year, the company achieved EPS of $2.16. As a group, analysts expect Enova International, Inc. to post EPS of 6.16 for the current fiscal year.
A Wall Street analyst gives his opinion
Separately, JMP Securities reiterated a “buy” rating and issued a target price of $42.00 on Enova International shares in a Thursday, September 29 report.
Hedge funds weigh on Enova International
Institutional investors have recently changed their stake in the company. Lazard Asset Management LLC acquired a new position in shares of Enova International in the second quarter worth $44,000. SG Americas Securities LLC increased its stake in shares of Enova International by 27.5% in the first quarter. SG Americas Securities LLC now owns 3,813 shares of the credit service provider worth $145,000 after acquiring 823 additional shares last quarter. Dupont Capital Management Corp acquired a new position in shares of Enova International in the first quarter worth $145,000. Mutual of America Capital Management LLC increased its position in Enova International shares by 11.1% during the second quarter. Mutual of America Capital Management LLC now owns 5,468 shares of the credit service provider worth $158,000 after buying 548 additional shares in the last quarter. Finally, Summit Global Investments increased its position in Enova International shares by 49.5% during the second quarter. Summit Global Investments now owns 24,375 shares of the credit services provider worth $702,000 after buying an additional 8,075 shares in the last quarter. Institutional investors and hedge funds hold 92.43% of the company’s shares.
Enova International Company Profile
Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, Australia and Canada. The company offers installment loans; line of credit accounts; debt purchase agreements; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and banking programs, such as marketing services and loan servicing for prime unsecured consumer installment loans.
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