CNA Financial Corp increased its holdings in shares of Enova International, Inc. (NYSE:ENVA) by 31.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,457 shares of the credit services provider’s stock after buying an additional 8,232 shares during the period. CNA Financial Corp owned about 0.10% of Enova International worth $463,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in ENVA. Tudor Investment Corp ET AL purchased a new stake in Enova International during the 2nd quarter worth approximately $175,000. Arizona State Retirement System increased its stake in Enova International by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 12,264 shares of the credit services provider’s stock worth $182,000 after buying an additional 100 shares during the period. Affinity Investment Advisors LLC increased its stake in Enova International by 0.7% during the 2nd quarter. Affinity Investment Advisors LLC now owns 15,279 shares of the credit services provider’s stock worth $227,000 after buying an additional 104 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Enova International during the 3rd quarter worth approximately $228,000. Finally, Blair William & Co. IL increased its stake in Enova International by 64.9% during the 2nd quarter. Blair William & Co. IL now owns 18,357 shares of the credit services provider’s stock worth $273,000 after buying an additional 7,224 shares during the period. 93.05% of the stock is currently owned by hedge funds and other institutional investors.
Enova International, Inc. (ENVA) traded up $0.40 during midday trading on Thursday, reaching $14.00. 215,100 shares of the company’s stock traded hands, compared to its average volume of 290,690. The company has a quick ratio of 8.14, a current ratio of 8.14 and a debt-to-equity ratio of 2.79. Enova International, Inc. has a 12 month low of $11.15 and a 12 month high of $16.80. The firm has a market cap of $455.12, a PE ratio of 11.93 and a beta of 3.50.
Enova International (NYSE:ENVA) last posted its quarterly earnings results on Thursday, October 26th. The credit services provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.16 by $0.09. Enova International had a net margin of 3.87% and a return on equity of 14.85%. The company had revenue of $217.88 million during the quarter, compared to analysts’ expectations of $210.27 million. During the same quarter in the previous year, the business posted $0.28 EPS. The firm’s revenue was up 11.2% on a year-over-year basis. sell-side analysts predict that Enova International, Inc. will post 1.11 earnings per share for the current year.
Enova International declared that its Board of Directors has initiated a stock repurchase plan on Friday, September 15th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the credit services provider to buy up to 63% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.
Several research analysts have commented on ENVA shares. Maxim Group reiterated a “buy” rating and set a $18.00 price target on shares of Enova International 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. ValuEngine cut shares of Enova International from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 21st. Jefferies Group LLC reiterated a “buy” rating and set a $17.00 price target on shares of Enova International in a report on Thursday, October 12th. Finally, TheStreet upgraded shares of Enova International from a “d+” rating to a “c” rating in a report on Monday, October 30th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $16.67.
In related news, Director Mark Mcgowan bought 30,000 shares of the stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average price of $13.97 per share, for a total transaction of $419,100.00. Following the acquisition, the director now owns 22,689 shares in the company, valued at approximately $316,965.33. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.
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Enova International 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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