Public Employees Retirement System of Ohio increased its stake in shares of Enova International Inc (NYSE:ENVA) by 69.0% in the third quarter, Holdings Channel reports. The institutional investor owned 23,598 shares of the credit services provider’s stock after buying an additional 9,637 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Enova International were worth $317,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. CNA Financial Corp increased its holdings in Enova International by 31.4% during the third quarter. CNA Financial Corp now owns 34,457 shares of the credit services provider’s stock worth $463,000 after buying an additional 8,232 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Enova International by 11.7% during the third quarter. Ameriprise Financial Inc. now owns 484,120 shares of the credit services provider’s stock worth $6,511,000 after buying an additional 50,818 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in Enova International during the third quarter worth about $1,090,000. Nomura Holdings Inc. boosted its position in Enova International by 21.6% during the second quarter. Nomura Holdings Inc. now owns 191,176 shares of the credit services provider’s stock worth $2,836,000 after purchasing an additional 33,989 shares during the period. Finally, Comerica Bank boosted its position in Enova International by 43.6% during the third quarter. Comerica Bank now owns 35,466 shares of the credit services provider’s stock worth $516,000 after purchasing an additional 10,775 shares during the period. Institutional investors and hedge funds own 97.24% of the company’s stock.
Enova International Inc (NYSE ENVA) opened at $17.35 on Monday. 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 firm has a market cap of $580.61, a PE ratio of 18.86 and a beta of 3.45. Enova International Inc has a 1 year low of $11.15 and a 1 year high of $17.50.
Enova International (NYSE:ENVA) last issued its earnings results on Thursday, October 26th. The credit services provider reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.09. The firm had revenue of $217.88 million during the quarter, compared to analyst estimates of $210.27 million. Enova International had a net margin of 3.87% and a return on equity of 14.85%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. sell-side analysts expect that Enova International Inc will post 1.11 EPS for the current fiscal year.
Enova International declared that its board has approved a share repurchase plan on Friday, September 15th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the credit services provider to purchase up to 63% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
In other news, Director Mark Mcgowan acquired 30,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was bought at an average cost of $13.97 per share, for a total transaction of $419,100.00. Following the completion of the transaction, the director now owns 22,689 shares of the company’s stock, valued at $316,965.33. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by company insiders.
A number of equities analysts have weighed in on the stock. Maxim Group reiterated a “buy” rating and set a $18.00 target price on shares of Enova International in a research report on Tuesday, October 17th. Jefferies Group reiterated a “buy” rating and set a $17.00 target price on shares of Enova International in a research report on Thursday, October 12th. BidaskClub upgraded shares of Enova International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Zacks Investment Research lowered shares of Enova International from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, TheStreet upgraded shares of Enova International from a “d+” rating to a “c” rating in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $17.80.
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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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