Russell Investments Group Ltd. Has $1.59 Million Position in Enova International Inc (ENVA)
Russell Investments Group Ltd. decreased its position in shares of Enova International Inc (NYSE:ENVA) by 17.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 118,482 shares of the credit services provider’s stock after selling 24,512 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.35% of Enova International worth $1,593,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tieton Capital Management LLC bought a new stake in Enova International in the 2nd quarter valued at $5,056,000. TIAA CREF Investment Management LLC increased its holdings in Enova International by 108.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 389,302 shares of the credit services provider’s stock valued at $5,781,000 after acquiring an additional 202,404 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Enova International by 20.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 494,130 shares of the credit services provider’s stock valued at $6,646,000 after acquiring an additional 84,514 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Enova International by 23.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 433,302 shares of the credit services provider’s stock valued at $6,434,000 after acquiring an additional 83,475 shares during the last quarter. Finally, Dupont Capital Management Corp bought a new stake in Enova International in the 3rd quarter valued at $1,090,000. Institutional investors own 97.24% of the company’s stock.
In other Enova International news, Director Mark Mcgowan purchased 30,000 shares of the stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average price of $13.97 per share, with a total value of $419,100.00. Following the transaction, the director now owns 22,689 shares of the company’s stock, valued at $316,965.33. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.50% of the stock is owned by insiders.
A number of analysts have recently weighed in on ENVA shares. Zacks Investment Research upgraded shares of Enova International from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 31st. TheStreet upgraded shares of Enova International from a “d+” rating to a “c” rating in a report on Monday, October 30th. BidaskClub upgraded shares of Enova International from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. Maxim Group restated a “buy” rating and issued a $18.00 target price on shares of Enova International in a report on Monday, October 30th. Finally, Jefferies Group restated a “buy” rating and issued a $17.00 target price on shares of Enova International in a report on Thursday, October 12th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Enova International has an average rating of “Buy” and an average price target of $16.75.
Enova International Inc (NYSE ENVA) opened at $15.60 on Tuesday. Enova International Inc has a 52 week low of $11.15 and a 52 week high of $16.80. The company has a current ratio of 8.14, a quick ratio of 8.14 and a debt-to-equity ratio of 2.79. The company has a market cap of $522.05, a PE ratio of 16.96 and a beta of 3.45.
Enova International (NYSE:ENVA) last released its quarterly earnings results on Thursday, October 26th. The credit services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.09. Enova International had a net margin of 3.87% and a return on equity of 14.85%. The firm had revenue of $217.88 million during the quarter, compared to analysts’ expectations of $210.27 million. During the same period in the previous year, the company earned $0.28 EPS. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. analysts predict that Enova International Inc will post 1.11 earnings per share for the current year.
Enova International announced that its Board of Directors has authorized a stock repurchase program on Friday, September 15th that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the credit services provider to buy up to 63% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
Enova International Company Profile
Enova International, Inc is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged loans to consumers in 33 states in the United States and in the United Kingdom and Brazil. As of December 31, 2016, it also offered financing to small businesses in all 50 states and Washington DC in the United States.
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