Enova International, Inc. (NYSE: ENVA – Get Rating) saw significant growth in short-term interest in October. As of October 31, there was short interest totaling 1,840,000 shares, up 8.9% from the October 15 total of 1,690,000 shares. Based on an average trading volume of 214,200 shares, the short interest ratio is currently 8.6 days. Currently, 6.2% of the stock’s shares are sold short.
Enova International Awards Performance
Shares of NYSE ENVA traded down $0.31 during the midday session on Thursday, hitting $38.61. The company’s stock had a trading volume of 191,461 shares, compared to an average volume of 282,469. The stock has a 50-day moving average of $33.64 and a two-hundred-day moving average of 32.86 $. The stock has a market capitalization of $1.21 billion, a P/E ratio of 6.56 and a beta of 1.50. The company has a debt ratio of 1.80, a quick ratio of 14.87 and a current ratio of 14.87. Enova International has a 1 year minimum of $25.80 and a 1 year maximum of $47.88.
Enova International (NYSE:ENVA – Get Rating) last released its quarterly earnings data on Thursday, October 27. The credit service provider reported earnings per share (EPS) of $1.61 for the quarter, beating the consensus estimate of $1.48 by $0.13. Enova International had a net margin of 12.72% and a return on equity of 19.25%. The company posted revenue of $456.20 million in the quarter, compared to $441.25 million expected by analysts. On average, equity research analysts expect Enova International to post EPS of 6.25 for the current fiscal year.
A Wall Street analyst gives his opinion
A number of stock analysts have weighed in on the stock. JMP Securities restated a “buy” rating and set a price target of $42.00 on shares of Enova International in a Thursday, September 29 research report. StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a research report on Wednesday.
Insiders place their bets
In other Enova International news, Chief Financial Officer Steven E. Cunningham sold 29,674 shares of the company in a trade on Tuesday, October 4. The shares were sold at an average price of $31.00, for a total transaction of $919,894.00. Following completion of the transaction, the CFO now directly owns 178,356 shares of the company, valued at $5,529,036. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. 7.20% of the shares are currently held by insiders of the company.
Institutional entries and exits
A number of institutional investors have recently increased or reduced their stake in ENVA. Jackson Creek Investment Advisors LLC bought a new position in Enova International in the second quarter worth approximately $913,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in Enova International in the third quarter worth about $498,000. Comerica Bank increased its stake in Enova International by 51.7% in the first quarter. Comerica Bank now owns 49,316 shares of the credit service provider worth $1,937,000 after acquiring 16,805 additional shares in the last quarter. Denali Advisors LLC increased its stake in Enova International by 18.3% during the third quarter. Denali Advisors LLC now owns 89,353 shares of the credit services provider worth $2,615,000 after buying an additional 13,800 shares last quarter. Finally, Orchard Capital Management LLC increased its stake in Enova International by 3.1% during the first quarter. Orchard Capital Managment LLC now owns 331,175 shares of the credit service provider worth $12,575,000 after buying an additional 10,100 shares in the last quarter. Hedge funds and other institutional investors hold 92.43% of the company’s shares.
About Enova International
(Get a rating)
Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, Australia and Canada. The company offers installment loans; line of credit accounts; debt purchase agreements; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and banking programs, such as marketing services and loan servicing for prime unsecured consumer installment loans.
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