Foundry Partners LLC Sells 31,999 Shares of Enova International, Inc. (NYSE:ENVA)

Foundry Partners LLC decreased its position in shares of Enova International, Inc. (NYSE:ENVA) by 20.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 121,428 shares of the credit services provider’s stock after selling 31,999 shares during the quarter. Foundry Partners LLC owned approximately 0.46% of Enova International worth $7,559,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ENVA. GAMMA Investing LLC grew its stake in shares of Enova International by 27.6% during the 2nd quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock worth $53,000 after acquiring an additional 185 shares during the period. J.Safra Asset Management Corp grew its stake in shares of Enova International by 83.8% during the 1st quarter. J.Safra Asset Management Corp now owns 930 shares of the credit services provider’s stock worth $58,000 after acquiring an additional 424 shares during the period. SG Americas Securities LLC bought a new position in shares of Enova International during the 1st quarter worth $223,000. Lazard Asset Management LLC grew its stake in shares of Enova International by 21.1% during the 1st quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock worth $228,000 after acquiring an additional 636 shares during the period. Finally, Smith Shellnut Wilson LLC ADV bought a new position in shares of Enova International during the 2nd quarter worth $235,000. Institutional investors own 89.43% of the company’s stock.

Enova International Price Performance

Shares of NYSE:ENVA traded down $0.80 on Friday, hitting $80.04. The company’s stock had a trading volume of 12,942 shares, compared to its average volume of 239,226. The company has a 50-day simple moving average of $75.97 and a 200 day simple moving average of $66.33. Enova International, Inc. has a 1 year low of $35.30 and a 1 year high of $88.42. The company has a market capitalization of $2.26 billion, a PE ratio of 14.55 and a beta of 1.45. The company has a debt-to-equity ratio of 2.78, a current ratio of 12.07 and a quick ratio of 12.07.

Enova International (NYSE:ENVA) last released its quarterly earnings results on Tuesday, July 23rd. The credit services provider reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.14. Enova International had a return on equity of 16.53% and a net margin of 7.52%. The firm had revenue of $628.44 million for the quarter, compared to analysts’ expectations of $622.92 million. During the same quarter last year, the firm posted $1.57 EPS. The company’s revenue was up 25.8% compared to the same quarter last year. Sell-side analysts forecast that Enova International, Inc. will post 7.84 EPS for the current fiscal year.

Insider Buying and Selling at Enova International

In related news, CFO Steven E. Cunningham sold 23,867 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $81.54, for a total transaction of $1,946,115.18. Following the transaction, the chief financial officer now directly owns 133,471 shares of the company’s stock, valued at approximately $10,883,225.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Steven E. Cunningham sold 23,867 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $81.54, for a total transaction of $1,946,115.18. Following the transaction, the chief financial officer now directly owns 133,471 shares of the company’s stock, valued at approximately $10,883,225.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Linda Johnson Rice sold 2,700 shares of Enova International stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $88.29, for a total value of $238,383.00. Following the completion of the sale, the director now owns 7,486 shares in the company, valued at $660,938.94. The disclosure for this sale can be found here. Insiders have sold a total of 56,725 shares of company stock valued at $4,690,053 in the last 90 days. Corporate insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on ENVA. JMP Securities raised their target price on Enova International from $78.00 to $93.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 24th. BTIG Research began coverage on Enova International in a research note on Wednesday, August 14th. They issued a “buy” rating and a $90.00 target price for the company. Janney Montgomery Scott downgraded Enova International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. Finally, TD Cowen raised their target price on Enova International from $70.00 to $76.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Enova International has an average rating of “Moderate Buy” and a consensus price target of $79.00.

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.