Short Interest in Enova International, Inc. (NYSE:ENVA) Rises By 6.3%

Enova International, Inc. (NYSE:ENVA) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 1,860,000 shares, a growth of 6.3% from the September 15th total of 1,750,000 shares. Approximately 7.5% of the company’s shares are short sold. Based on an average trading volume of 213,900 shares, the short-interest ratio is currently 8.7 days.

Enova International Price Performance

NYSE:ENVA traded down $1.12 during mid-day trading on Thursday, hitting $87.87. 117,391 shares of the company’s stock traded hands, compared to its average volume of 231,106. Enova International has a 1 year low of $35.30 and a 1 year high of $89.36. The company has a market cap of $2.48 billion, a PE ratio of 15.80 and a beta of 1.43. The company has a debt-to-equity ratio of 2.78, a quick ratio of 12.07 and a current ratio of 12.07. The firm’s 50 day simple moving average is $82.00 and its 200 day simple moving average is $70.49.

Enova International (NYSE:ENVA) last issued its quarterly earnings results on Tuesday, July 23rd. The credit services provider reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.14. The business had revenue of $628.44 million during the quarter, compared to the consensus estimate of $622.92 million. Enova International had a net margin of 7.52% and a return on equity of 16.53%. The company’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.57 earnings per share. Sell-side analysts expect that Enova International will post 7.74 EPS for the current year.

Enova International declared that its Board of Directors has approved a share buyback plan on Monday, August 12th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the credit services provider to reacquire up to 12.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity at Enova International

In related news, General Counsel Sean Rahilly sold 10,158 shares of the firm’s 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 sale, the general counsel now directly owns 101,949 shares of the company’s stock, valued at approximately $8,294,570.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Linda Johnson Rice sold 2,700 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $88.29, for a total transaction of $238,383.00. Following the completion of the transaction, the director now directly owns 7,486 shares in the company, valued at $660,938.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Sean Rahilly sold 10,158 shares of Enova International stock in a transaction on Friday, July 26th. The shares were sold at an average price of $81.36, for a total value of $826,454.88. Following the completion of the sale, the general counsel now directly owns 101,949 shares of the company’s stock, valued at $8,294,570.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,725 shares of company stock worth $4,690,053. Insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Enova International

A number of large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its position in shares of 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 in the last quarter. Smith Shellnut Wilson LLC ADV acquired a new stake in Enova International during the second quarter worth about $235,000. SG Americas Securities LLC bought a new stake in shares of Enova International in the 1st quarter worth approximately $223,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Enova International by 1.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock worth $1,694,000 after buying an additional 200 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in 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 buying an additional 185 shares during the period. 89.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ENVA has been the subject of a number of research reports. StockNews.com cut shares of Enova International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. JMP Securities raised their target price on shares of Enova International from $93.00 to $103.00 and gave the stock a “market outperform” rating in a research report on Monday. TD Cowen increased their price target on shares of Enova International from $70.00 to $76.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. BTIG Research initiated coverage on shares of Enova International in a research note on Wednesday, August 14th. They issued a “buy” rating and a $90.00 price objective on the stock. Finally, Janney Montgomery Scott downgraded shares of Enova International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Enova International has a consensus rating of “Moderate Buy” and an average target price of $80.67.

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.