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{{Wealth Management}}
In recent news, Enova International, Inc. (NYSE:ENVA) has seen its Independent Director, Ellen Carnahan, sell $261k worth of stock at $43.57 per share. This sale accounts for 11% of Carnahan’s holding, raising eyebrows for those invested in the company. Similarly, Kirk L. Chartier, the Chief Strategy Officer, sold $788k worth of shares over the last year, even when the share price was below the current price of $41.90. While insider selling is not a positive sign, it remains to be seen whether insiders believe that the shares are fully valued. It is important to note that Enova International insiders did not buy any shares over the last year. With insider ownership at 3.5% of the company worth around $47m, there remains an alignment between Enova International insiders and other shareholders.
{{Investment Strategy}}
Insider ownership is an important factor to consider when assessing the potential success of a company. While Enova International appears to have a relatively low insider ownership, certain investors may still find success in investing in the company. It is always important to review a company’s risks before making any investment decisions. For those interested, Simply Wall St provides a free list of growing companies with recent insider purchasing to inform potential investments.
{{Company Outlook}}
Enova International remains a company in flux. While the recent insider selling suggests a lack of investment confidence, insider ownership remains relatively high. Simply Wall St provides a comprehensive analysis of Enova International’s fair value estimates, risks and warnings, dividends, insider transactions, and financial health to inform investment decisions.
