Enova International, Inc.
US ˙ NYSE ˙ US29357K1034

Introduction

This page provides a comprehensive analysis of the known insider trading history of Frontier Merger Sub, LLC. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate Frontier Merger Sub, LLC has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:ENVA / Enova International, Inc. 10% Owner 2,277,956
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Frontier Merger Sub, LLC. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases ENVA / Enova International, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in ENVA / Enova International, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

ENVA / Enova International, Inc. Insider Trades
Insider Sales ENVA / Enova International, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in ENVA / Enova International, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2016-11-14 ENVA FIRSTCASH, INC 159,074 11.1500 159,074 11.1500 1,773,675 288 11.25 15,908 0.90
2016-11-11 ENVA FIRSTCASH, INC 939,703 9.9500 939,703 9.9500 9,350,045
2016-11-10 ENVA FIRSTCASH, INC 738,532 9.7200 738,532 9.7200 7,178,531
2016-11-09 ENVA FIRSTCASH, INC 272,742 9.3500 272,742 9.3500 2,550,138
2016-11-08 ENVA FIRSTCASH, INC 40,800 8.8500 40,800 8.8500 361,080
2016-11-07 ENVA FIRSTCASH, INC 149,838 8.9100 149,838 8.9100 1,335,057
2016-11-02 ENVA FIRSTCASH, INC 100,000 8.8000 100,000 8.8000 880,000
2016-10-28 ENVA FIRSTCASH, INC 552,047 9.2500 552,047 9.2500 5,106,435
2016-10-27 ENVA FIRSTCASH, INC 51,804 9.0700 51,804 9.0700 469,862
2016-10-26 ENVA FIRSTCASH, INC 1,700 9.1500 1,700 9.1500 15,555
2016-10-25 ENVA FIRSTCASH, INC 24,900 9.1900 24,900 9.1900 228,831
2016-10-24 ENVA FIRSTCASH, INC 16,039 9.1000 16,039 9.1000 145,955
2016-10-21 ENVA FIRSTCASH, INC 5,912 9.1900 5,912 9.1900 54,331
2016-10-20 ENVA FIRSTCASH, INC 13,800 9.3700 13,800 9.3700 129,306
2016-10-19 ENVA FIRSTCASH, INC 43,200 9.2000 43,200 9.2000 397,440
2016-10-18 ENVA FIRSTCASH, INC 8,400 8.8300 8,400 8.8300 74,172
2016-10-17 ENVA FIRSTCASH, INC 38,790 8.8700 38,790 8.8700 344,067
2016-10-14 ENVA FIRSTCASH, INC 3,400 8.9700 3,400 8.9700 30,498
2016-10-13 ENVA FIRSTCASH, INC 300 9.1000 300 9.1000 2,730
2016-10-12 ENVA FIRSTCASH, INC 47,539 9.2500 47,539 9.2500 439,736
2016-10-11 ENVA FIRSTCASH, INC 16,717 9.3500 16,717 9.3500 156,304
2016-10-10 ENVA FIRSTCASH, INC 5,961 9.3900 5,961 9.3900 55,974
2016-10-07 ENVA FIRSTCASH, INC 11,227 9.3200 11,227 9.3200 104,636
2016-10-06 ENVA FIRSTCASH, INC 15,200 9.3800 15,200 9.3800 142,576
2016-10-05 ENVA FIRSTCASH, INC 10,924 9.6000 10,924 9.6000 104,870
2016-10-04 ENVA FIRSTCASH, INC 6,800 9.6300 6,800 9.6300 65,484
2016-10-03 ENVA FIRSTCASH, INC 8,452 9.6100 8,452 9.6100 81,224
2016-09-30 ENVA FIRSTCASH, INC 14,300 9.7400 14,300 9.7400 139,282
2016-09-29 ENVA FIRSTCASH, INC 52,600 9.8000 52,600 9.8000 515,480
2016-09-28 ENVA FIRSTCASH, INC 37,546 9.7500 37,546 9.7500 366,074
2016-09-27 ENVA FIRSTCASH, INC 25,325 9.5500 25,325 9.5500 241,854
2016-09-26 ENVA FIRSTCASH, INC 7,850 9.5000 7,850 9.5000 74,575
2016-09-23 ENVA FIRSTCASH, INC 11,200 9.6600 11,200 9.6600 108,192
2016-09-22 ENVA FIRSTCASH, INC 32,254 9.6800 32,254 9.6800 312,219
2016-09-21 ENVA FIRSTCASH, INC 6,079 9.5000 6,079 9.5000 57,750
2016-09-20 ENVA FIRSTCASH, INC 6,959 9.4400 6,959 9.4400 65,693
2016-09-19 ENVA FIRSTCASH, INC 10,000 9.4900 10,000 9.4900 94,900
2016-09-16 ENVA FIRSTCASH, INC 12,600 9.1800 12,600 9.1800 115,668
2016-09-15 ENVA FIRSTCASH, INC 20,021 9.2500 20,021 9.2500 185,194
2016-09-14 ENVA FIRSTCASH, INC 31,145 9.0400 31,145 9.0400 281,551
2016-09-13 ENVA FIRSTCASH, INC 20,000 9.1500 20,000 9.1500 183,000
2016-09-12 ENVA FIRSTCASH, INC 30,000 8.9900 30,000 8.9900 269,700
2016-09-09 ENVA FIRSTCASH, INC 7,045 9.0700 7,045 9.0700 63,898
2016-09-09 ENVA FIRSTCASH, INC 5,000 9.1700 5,000 9.1700 45,850
2016-09-08 ENVA FIRSTCASH, INC 7,743 9.4100 7,743 9.4100 72,862
2016-09-08 ENVA FIRSTCASH, INC 15,000 9.4000 15,000 9.4000 141,000
2016-09-07 ENVA FIRSTCASH, INC 9,300 9.4600 9,300 9.4600 87,978
2016-09-07 ENVA FIRSTCASH, INC 30,000 9.4500 30,000 9.4500 283,500
2016-09-06 ENVA FIRSTCASH, INC 10,472 9.6900 10,472 9.6900 101,474

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

ENVA / Enova International, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Frontier Merger Sub, LLC as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2016-11-14 2016-11-14 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -159,074 2,277,956 -6.53 11.15 -1,773,675 25,399,209
2016-11-14 2016-11-11 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -939,703 2,437,030 -27.83 9.95 -9,350,045 24,248,448
2016-11-14 2016-11-10 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -738,532 3,376,733 -17.95 9.72 -7,178,531 32,821,845
2016-11-14 2016-11-09 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -272,742 4,115,265 -6.22 9.35 -2,550,138 38,477,728
2016-11-08 2016-11-08 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -40,800 4,388,007 -0.92 8.85 -361,080 38,833,862
2016-11-08 2016-11-07 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -149,838 4,428,807 -3.27 8.91 -1,335,057 39,460,670
2016-11-03 2016-11-02 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -100,000 4,578,645 -2.14 8.80 -880,000 40,292,076
2016-11-01 2016-10-28 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -552,047 4,678,645 -10.55 9.25 -5,106,435 43,277,466
2016-10-27 2016-10-27 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -51,804 5,230,692 -0.98 9.07 -469,862 47,442,376
2016-10-27 2016-10-26 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -1,700 5,282,496 -0.03 9.15 -15,555 48,334,838
2016-10-25 2016-10-25 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -24,900 5,284,196 -0.47 9.19 -228,831 48,561,761
2016-10-25 2016-10-24 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -16,039 5,309,096 -0.30 9.10 -145,955 48,312,774
2016-10-25 2016-10-21 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -5,912 5,325,135 -0.11 9.19 -54,331 48,937,991
2016-10-20 2016-10-20 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -13,800 5,331,047 -0.26 9.37 -129,306 49,951,910
2016-10-20 2016-10-19 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -43,200 5,344,847 -0.80 9.20 -397,440 49,172,592
2016-10-20 2016-10-18 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -8,400 5,388,047 -0.16 8.83 -74,172 47,576,455
2016-10-17 2016-10-17 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -38,790 5,396,447 -0.71 8.87 -344,067 47,866,485
2016-10-17 2016-10-14 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -3,400 5,435,237 -0.06 8.97 -30,498 48,754,076
2016-10-13 2016-10-13 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -300 5,438,637 -0.01 9.10 -2,730 49,491,597
2016-10-13 2016-10-12 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -47,539 5,438,937 -0.87 9.25 -439,736 50,310,167
2016-10-11 2016-10-11 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -16,717 5,486,476 -0.30 9.35 -156,304 51,298,551
2016-10-11 2016-10-10 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -5,961 5,503,193 -0.11 9.39 -55,974 51,674,982
2016-10-11 2016-10-07 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -11,227 5,509,154 -0.20 9.32 -104,636 51,345,315
2016-10-06 2016-10-06 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -15,200 5,520,381 -0.27 9.38 -142,576 51,781,174
2016-10-06 2016-10-05 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -10,924 5,535,581 -0.20 9.60 -104,870 53,141,578
2016-10-04 2016-10-04 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -6,800 5,546,505 -0.12 9.63 -65,484 53,412,843
2016-10-04 2016-10-03 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -8,452 5,553,305 -0.15 9.61 -81,224 53,367,261
2016-09-30 2016-09-30 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -14,300 5,561,757 -0.26 9.74 -139,282 54,171,513
2016-09-30 2016-09-29 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -52,600 5,576,057 -0.93 9.80 -515,480 54,645,359
2016-09-30 2016-09-28 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -37,546 5,628,657 -0.66 9.75 -366,074 54,879,406
2016-09-27 2016-09-27 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -25,325 5,666,203 -0.44 9.55 -241,854 54,112,239
2016-09-27 2016-09-26 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -7,850 5,691,528 -0.14 9.50 -74,575 54,069,516
2016-09-27 2016-09-23 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -11,200 5,699,378 -0.20 9.66 -108,192 55,055,991
2016-09-22 2016-09-22 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -32,254 5,710,578 -0.56 9.68 -312,219 55,278,395
2016-09-22 2016-09-21 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -6,079 5,742,832 -0.11 9.50 -57,750 54,556,904
2016-09-20 2016-09-20 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -6,959 5,748,911 -0.12 9.44 -65,693 54,269,720
2016-09-20 2016-09-19 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -10,000 5,755,870 -0.17 9.49 -94,900 54,623,206
2016-09-20 2016-09-16 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -12,600 5,765,870 -0.22 9.18 -115,668 52,930,687
2016-09-15 2016-09-15 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -20,021 5,778,470 -0.35 9.25 -185,194 53,450,848
2016-09-14 2016-09-14 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -31,145 0 -100.00 9.04 -281,551
2016-09-14 2016-09-13 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -20,000 31,145 -39.10 9.15 -183,000 284,977
2016-09-14 2016-09-12 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -30,000 51,145 -36.97 8.99 -269,700 459,794
2016-09-09 2016-09-09 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -5,000 81,145 -5.80 9.17 -45,850 744,100
2016-09-09 2016-09-09 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -7,045 5,798,491 -0.12 9.07 -63,898 52,592,313
2016-09-09 2016-09-08 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -15,000 86,145 -14.83 9.40 -141,000 809,763
2016-09-09 2016-09-08 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -7,743 5,805,536 -0.13 9.41 -72,862 54,630,094
2016-09-09 2016-09-07 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -30,000 101,145 -22.88 9.45 -283,500 955,820
2016-09-09 2016-09-07 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -9,300 5,813,279 -0.16 9.46 -87,978 54,993,619
2016-09-09 2016-09-06 4 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		S - Sale -10,472 5,822,579 -0.18 9.69 -101,474 56,420,791
2016-09-09 3 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		11,797,247
2016-09-09 3 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		6,095,341
2016-09-09 3 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		11,797,247
2016-09-09 3 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		6,095,341
2016-09-09 3 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		11,797,247
2016-09-09 3 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		6,095,341
2016-09-09 3 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		11,797,247
2016-09-09 3 ENVA Enova International, Inc.
Common Stock, $0.00001 par value 		6,095,341
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)