Enova International, Inc. $ENVA Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. grew its position in Enova International, Inc. (NYSE:ENVA) by 578.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,606 shares of the credit services provider’s stock after acquiring an additional 26,095 shares during the quarter. Jefferies Financial Group Inc. owned 0.13% of Enova International worth $5,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. USA Financial Formulas bought a new position in shares of Enova International during the 3rd quarter valued at approximately $30,000. Integrated Wealth Concepts LLC purchased a new stake in Enova International during the second quarter valued at $52,000. McIlrath & Eck LLC purchased a new stake in Enova International during the first quarter valued at $34,000. Pacer Advisors Inc. lifted its position in Enova International by 58.5% during the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock valued at $56,000 after purchasing an additional 152 shares during the last quarter. Finally, State of Wyoming bought a new position in Enova International during the third quarter valued at $69,000. Institutional investors own 89.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ENVA. Stephens lifted their price objective on shares of Enova International from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Wall Street Zen downgraded shares of Enova International from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 22nd. Jefferies Financial Group lowered their price objective on Enova International from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Zacks Research lowered shares of Enova International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 16th. Finally, Weiss Ratings cut shares of Enova International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $239.00.

Insider Activity

In other Enova International news, General Counsel Sean Rahilly sold 10,000 shares of the stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $183.26, for a total value of $1,832,600.00. Following the completion of the sale, the general counsel directly owned 104,249 shares in the company, valued at approximately $19,104,671.74. This trade represents a 8.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman David Fisher sold 20,750 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $178.24, for a total transaction of $3,698,480.00. Following the transaction, the chairman owned 306,444 shares in the company, valued at $54,620,578.56. The trade was a 6.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 115,758 shares of company stock worth $21,490,436. Insiders own 8.40% of the company’s stock.

Enova International Stock Performance

Enova International stock opened at $167.22 on Friday. Enova International, Inc. has a fifty-two week low of $119.02 and a fifty-two week high of $267.45. The company has a market capitalization of $4.09 billion, a PE ratio of 11.40 and a beta of 1.36. The company has a 50 day moving average price of $181.64 and a 200-day moving average price of $184.41. The company has a debt-to-equity ratio of 3.43, a quick ratio of 18.91 and a current ratio of 18.92.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Thursday, October 22nd. The credit services provider reported $4.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.42 by $0.06. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Enova International had a net margin of 10.47% and a return on equity of 27.25%. The firm’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.36 earnings per share. As a group, equities analysts forecast that Enova International, Inc. will post 16.32 earnings per share for the current year.

Enova International announced that its board has approved a stock repurchase plan on Tuesday, November 10th that allows the company to buy back $500 million in shares. This repurchase authorization allows the credit services provider to reacquire up to 12.1% of its shares through open market purchases. Share repurchase plans are generally a sign that the company’s leadership believes its shares are undervalued.

Enova International Company Profile

Enova International is a financial technology company that provides online financial services to consumers and small businesses, with a focus on customers who may have limited access to traditional credit. Its products include installment loans and lines of credit. The company serves consumers through brands including CashNetUSA and NetCredit, and provides financing to small businesses through OnDeck and Headway Capital. Enova also uses data analytics and technology to support its lending and customer-service operations.