Marshall Wace North America L.P. Reduces Holdings in Enova International Inc (NYSE:ENVA)

Marshall Wace North America L.P. reduced its holdings in shares of Enova International Inc (NYSE:ENVA) by 81.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,042 shares of the credit services provider’s stock after selling 40,556 shares during the quarter. Marshall Wace North America L.P.’s holdings in Enova International were worth $206,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC increased its position in shares of Enova International by 17.9% in the fourth quarter. Geode Capital Management LLC now owns 592,531 shares of the credit services provider’s stock worth $11,530,000 after purchasing an additional 90,013 shares during the period. Bank of New York Mellon Corp increased its position in shares of Enova International by 3.0% in the fourth quarter. Bank of New York Mellon Corp now owns 472,676 shares of the credit services provider’s stock worth $9,197,000 after purchasing an additional 13,942 shares during the period. Globeflex Capital L P increased its position in shares of Enova International by 1.6% in the first quarter. Globeflex Capital L P now owns 161,789 shares of the credit services provider’s stock worth $3,692,000 after purchasing an additional 2,605 shares during the period. Tieton Capital Management LLC increased its position in shares of Enova International by 10.8% in the first quarter. Tieton Capital Management LLC now owns 153,350 shares of the credit services provider’s stock worth $3,499,000 after purchasing an additional 14,970 shares during the period. Finally, 361 Capital LLC increased its position in shares of Enova International by 9.1% in the first quarter. 361 Capital LLC now owns 114,245 shares of the credit services provider’s stock worth $2,607,000 after purchasing an additional 9,550 shares during the period. 95.12% of the stock is owned by institutional investors.

Shares of ENVA stock traded down $0.05 during mid-day trading on Friday, reaching $21.29. 188,235 shares of the stock traded hands, compared to its average volume of 230,651. The business has a fifty day moving average price of $22.54. Enova International Inc has a 1-year low of $17.85 and a 1-year high of $39.00. The stock has a market capitalization of $719.73 million, a P/E ratio of 9.18 and a beta of 2.41. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.88 and a current ratio of 5.88.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Thursday, April 25th. The credit services provider reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.25. The company had revenue of $293.18 million for the quarter, compared to analyst estimates of $293.66 million. Enova International had a return on equity of 24.24% and a net margin of 6.70%. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.02 earnings per share. Equities research analysts expect that Enova International Inc will post 3.1 EPS for the current fiscal year.

A number of research analysts have issued reports on the company. ValuEngine cut Yext from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. Zacks Investment Research cut Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $37.50.

Enova International Company Profile

Enova International, Inc, a technology and analytics company, provides online financial services. The company offers short-term consumer loans; line of credit accounts; installment loans; receivables purchase agreements; CSO programs, including credit-related services, such as arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs comprising technology, loan servicing, and marketing services to the bank, as well as Enova Decisions, an analytics as a service that enables companies to take decisions about their customers.

Featured Article: Momentum Investing

Institutional Ownership by Quarter for Enova International (NYSE:ENVA)

Receive News & Ratings for Enova International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enova International and related companies with MarketBeat.com's FREE daily email newsletter.