Harspring Capital Management LLC Has $34.35 Million Stock Position in Enova International, Inc. (NYSE:ENVA)

Harspring Capital Management LLC cut its stake in shares of Enova International, Inc. (NYSE:ENVA) by 4.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 410,000 shares of the credit services provider’s stock after selling 20,000 shares during the quarter. Enova International accounts for about 8.2% of Harspring Capital Management LLC’s holdings, making the stock its 5th largest position. Harspring Capital Management LLC’s holdings in Enova International were worth $34,354,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Smith Shellnut Wilson LLC ADV purchased a new stake in shares of Enova International in the second quarter worth $235,000. SG Americas Securities LLC bought a new position in shares of Enova International in the third quarter worth about $772,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Enova International by 1.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock worth $1,694,000 after purchasing an additional 200 shares in the last quarter. GAMMA Investing LLC raised its stake in Enova International by 27.6% during the 2nd quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock valued at $53,000 after purchasing an additional 185 shares during the period. Finally, Summit Global Investments lifted its holdings in Enova International by 7.5% in the 2nd quarter. Summit Global Investments now owns 25,464 shares of the credit services provider’s stock worth $1,585,000 after purchasing an additional 1,785 shares in the last quarter. Institutional investors own 89.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Stephens started coverage on shares of Enova International in a report on Wednesday, November 13th. They set an “overweight” rating and a $108.00 price objective for the company. TD Cowen lifted their price target on shares of Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Janney Montgomery Scott downgraded shares of Enova International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. BTIG Research boosted their target price on Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.14.

Insider Buying and Selling

In other Enova International news, insider Kirk Chartier sold 17,644 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $86.80, for a total transaction of $1,531,499.20. Following the completion of the sale, the insider now owns 117,422 shares in the company, valued at $10,192,229.60. This represents a 13.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven E. Cunningham sold 29,158 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $89.53, for a total value of $2,610,515.74. Following the sale, the chief financial officer now owns 130,355 shares of the company’s stock, valued at $11,670,683.15. This trade represents a 18.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 80,843 shares of company stock valued at $7,496,779 in the last ninety days. 7.80% of the stock is owned by company insiders.

Enova International Price Performance

NYSE:ENVA opened at $106.10 on Tuesday. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 16.92 and a beta of 1.46. The company has a debt-to-equity ratio of 2.79, a current ratio of 15.82 and a quick ratio of 15.82. The business has a 50 day simple moving average of $92.10 and a 200-day simple moving average of $78.64. Enova International, Inc. has a 1 year low of $42.08 and a 1 year high of $108.15.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.31 by $0.14. Enova International had a net margin of 7.19% and a return on equity of 18.41%. The company had revenue of $689.92 million during the quarter, compared to analyst estimates of $666.33 million. During the same period in the previous year, the firm earned $1.33 earnings per share. Enova International’s quarterly revenue was up 25.1% compared to the same quarter last year. Equities analysts forecast that Enova International, Inc. will post 8.04 EPS for the current year.

Enova International declared that its Board of Directors has approved a share buyback program on Monday, August 12th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the credit services provider to purchase up to 12.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.