Published on 20 Dec 2023 on Insider Monkey via Yahoo Finance
Should You Hold Enova International (ENVA)?
Blue Tower Asset Management, an investment Management Company, released its third quarter, 2023 investor letter. A copy of the same can be downloaded here. In the quarter, the Blue Tower Global Value had a -2.19% return net of fees (-1.94% gross). The rates on US government treasuries rose sharply this quarter as the Federal Reserve pushed back their predictions for interest rate decreases. This drop in long-term bond prices triggered a selloff in equity markets. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Blue Tower Asset Management highlighted stocks like Enova International, Inc. (NYSE:ENVA) in the third quarter 2023 investor letter. Headquartered in Chicago, Illinois, Enova International, Inc. (NYSE:ENVA) is a financial services company. On December 19, 2023, Enova International, Inc. (NYSE:ENVA) stock closed at $54.77 per share. One-month return of Enova International, Inc. (NYSE:ENVA) was 36.48%, and its shares gained 44.17% of their value over the last 52 weeks. Enova International, Inc. (NYSE:ENVA) has a market capitalization of $1.636 billion.
Blue Tower Asset Management made the following comment about Enova International, Inc. (NYSE:ENVA) in its Q3 2023 investor letter: