New York State Common Retirement Fund raised its stake in shares of Enova International, Inc. (NYSE:ENVA – Get Rating) by 10.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 69,421 shares of the credit services provider's stock after buying an additional 6,326 shares during the period. New York State Common Retirement Fund owned about 0.21% of Enova International worth $2,636,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Rowland & Co. Investment Counsel ADV purchased a new stake in shares of Enova International in the 4th quarter worth $699,000. Comerica Bank increased its stake in shares of Enova International by 51.7% in the 1st quarter. Comerica Bank now owns 49,316 shares of the credit services provider's stock worth $1,937,000 after purchasing an additional 16,805 shares in the last quarter. Summit Global Investments increased its stake in shares of Enova International by 130.0% in the 4th quarter. Summit Global Investments now owns 16,100 shares of the credit services provider's stock worth $659,000 after purchasing an additional 9,100 shares in the last quarter. Denali Advisors LLC increased its stake in shares of Enova International by 10.6% in the 1st quarter. Denali Advisors LLC now owns 72,553 shares of the credit services provider's stock worth $2,755,000 after purchasing an additional 6,928 shares in the last quarter. Finally, Dupont Capital Management Corp bought a new position in Enova International in the 1st quarter worth $145,000. 91.90% of the stock is currently owned by hedge funds and other institutional investors.
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Separately, JMP Securities dropped their target price on shares of Enova International from $54.00 to $42.00 and set a "market outperform" rating for the company in a report on Friday, July 15th.
Enova International Trading Up 1.1 %
Shares of Enova International stock opened at $38.15 on Monday. The company has a market capitalization of $1.22 billion, a P/E ratio of 6.67 and a beta of 1.44. The company has a debt-to-equity ratio of 1.66, a quick ratio of 13.45 and a current ratio of 13.45. The company has a fifty day moving average of $31.32 and a 200 day moving average of $35.10. Enova International, Inc. has a fifty-two week low of $25.80 and a fifty-two week high of $47.88.Enova International (NYSE:ENVA – Get Rating) last issued its earnings results on Thursday, July 28th. The credit services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.16. Enova International had a net margin of 13.88% and a return on equity of 19.31%. The company had revenue of $407.90 million during the quarter, compared to the consensus estimate of $405.15 million. During the same quarter in the prior year, the firm posted $2.16 EPS. Enova International's quarterly revenue was up 54.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Enova International, Inc. will post 6.05 earnings per share for the current fiscal year.
About Enova International
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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; receivables purchase agreements; 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.
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