Chief Strategy Officer of Enova International, Inc. (NYSE:ENVA), Kirk Chartier, has recently engaged in significant trading of company stock, according to the latest SEC filings. On May 22, Chartier sold a total of 41,303 shares of common stock at prices ranging from $60.1517 to $60.1571, netting approximately $2,484,612.
The transactions included two separate sales: the first involved 30,819 shares, and the second, a batch of 10,484 shares. These sales were executed in multiple trades within the price range mentioned above, with the reported prices reflecting the weighted average sale price.
On the same day, Chartier also acquired 30,819 shares at a price of $20.85 per share, amounting to a total transaction value of $642,576. This acquisition is linked to the exercise of options as part of Chartier's compensation plan with the company.
Following these transactions, Chartier's holdings in Enova International decreased, but he still retains a substantial number of shares in the company. The reported post-transaction stock amounts indicate a strong ongoing investment by the executive in the financial services provider.
Enova International, headquartered in Chicago, is a leading financial technology company offering consumer loans. These recent trades by a top executive may be of interest to investors and market watchers looking to gauge insider sentiment towards the company's stock performance.
Investors can access full details of the transactions upon request, as Chartier has undertaken to provide comprehensive information regarding the number of shares and the prices at which the transactions were effected if requested by the SEC staff, the issuer, or a stockholder of the issuer.
InvestingPro Insights
As investors analyze the recent insider trading activity of Enova International's Chief Strategy Officer, Kirk Chartier, it is also beneficial to look at the company's broader financial health and market performance. According to InvestingPro data, Enova International has a market capitalization of approximately $1.6 billion, which is reflective of its standing in the financial sector. The company's P/E ratio, a measure of its current share price relative to its per-share earnings, stands at an attractive 10.14, with an adjusted P/E ratio for the last twelve months as of Q1 2024 at an even more appealing 9.42.
Investors should note the strong revenue growth Enova has experienced, with a 7.49% increase over the last twelve months as of Q1 2024, and a significant quarterly increase of 15.54% in Q1 2024. This indicates a robust expansion in the company's financials, which could be of interest to those looking for growth opportunities.
Enova's stock has seen a large price uptick of 45.59% over the last six months, as highlighted by one of the InvestingPro Tips. This is in line with the company's strong return over the last five years, suggesting a potentially positive outlook for long-term investors. Moreover, management's aggressive share buyback program, as mentioned in another InvestingPro Tip, could signal confidence in the company's future prospects and a commitment to enhancing shareholder value.
For those looking to delve deeper into Enova's financial metrics and insider trading implications, InvestingPro offers a wealth of additional tips—there are 8 more tips available for ENVA, which can be accessed at: https://www.investing.com/pro/ENVA. And for a limited time, use the coupon code PRONEWS24 to receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing even more comprehensive insights to inform your investment decisions.
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