Globeflex Capital L P Makes New $885,000 Investment in Enova International, Inc. $ENVA

Globeflex Capital L P purchased a new stake in Enova International, Inc. (NYSE:ENVA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,677 shares of the credit services provider’s stock, valued at approximately $885,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Legato Capital Management LLC acquired a new stake in shares of Enova International during the fourth quarter worth $1,851,000. California State Teachers Retirement System lifted its position in Enova International by 26.7% in the 1st quarter. California State Teachers Retirement System now owns 29,411 shares of the credit services provider’s stock valued at $3,995,000 after acquiring an additional 6,205 shares in the last quarter. J.Safra Asset Management Corp acquired a new position in Enova International in the 2nd quarter worth $1,464,000. Geode Capital Management LLC boosted its stake in Enova International by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider’s stock worth $96,095,000 after purchasing an additional 18,258 shares during the period. Finally, Tieton Capital Management LLC bought a new position in Enova International during the 2nd quarter worth about $26,577,000. Institutional investors and hedge funds own 89.43% of the company’s stock.

Enova International Price Performance

NYSE:ENVA opened at $247.71 on Tuesday. The stock has a market capitalization of $6.17 billion, a PE ratio of 18.36 and a beta of 1.22. Enova International, Inc. has a 1-year low of $103.02 and a 1-year high of $267.45. The firm has a fifty day simple moving average of $237.95 and a 200 day simple moving average of $183.62. The company has a current ratio of 18.42, a quick ratio of 18.42 and a debt-to-equity ratio of 3.35.

Enova International (NYSE:ENVA) last posted its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.99 by $0.32. The firm had revenue of $928.93 million for the quarter, compared to analyst estimates of $909.61 million. Enova International had a net margin of 10.31% and a return on equity of 26.66%. The company’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.23 earnings per share. On average, research analysts expect that Enova International, Inc. will post 16.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on ENVA shares. Maxim Group lifted their price target on Enova International from $191.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Citizens Jmp upped their price objective on Enova International from $195.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Friday, June 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enova International in a report on Friday, July 17th. Citigroup reissued a “market outperform” rating on shares of Enova International in a research report on Friday, July 24th. Finally, Zacks Research upgraded Enova International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $247.83.

Insider Activity

In other news, Chairman David Fisher sold 33,060 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $199.05, for a total value of $6,580,593.00. Following the sale, the chairman directly owned 306,444 shares of the company’s stock, valued at approximately $60,997,678.20. This represents a 9.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William M. Goodyear sold 5,983 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $163.13, for a total transaction of $976,006.79. Following the completion of the sale, the director owned 62,757 shares of the company’s stock, valued at $10,237,549.41. This trade represents a 8.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 62,543 shares of company stock valued at $12,242,070 in the last quarter. Company insiders own 8.40% of the company’s stock.

Enova International Company Profile

Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.