5 Best Stocks to Buy According to Ari Zweiman’s 683 Capital Partners

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1. Enova International Inc (NYSE:ENVA)

683 Capital Partners’ Stake Value: $86,460,000

Percentage of 683 Capital Partners’ 13F Portfolio: 6.1%

Number of Hedge Fund Holders: 16

Enova International Inc (NYSE:ENVA) continued to be 683 Capital Partners’ most loved stock at the end of June despite the fund trimming its holdings in the company marginally by 2% during the second quarter. Enova International Inc (NYSE:ENVA) is also the oldest holding among 683 Capital Partners’ top 10 stock picks, with the fund disclosing a stake in the company for the first time during the third quarter of 2015.

Following 683 Capital Partners, the funds tracked by Insider Monkey that reported the largest stake in Enova International Inc (NYSE:ENVA) at the end of June were Michael A. Price And Amos Meron’s Empyrean Capital Partners and billionaire Jim Simons’ Renaissance Technologies. 683 Capital Partners, Empyrean Capital Partners, and Renaissance Technologies held 3 million, 1.12 million and 999,675 shares of the company, respectively.

Enova International Inc (NYSE:ENVA) is a Chicago-based financial technology (Fintech) company founded in 2011. It is one of the largest licensed lenders in the U.S. and is a member of both the Innovative Lending Platform Association (ILPA) and Online Lenders Alliance (OLA). Since its inception, the company has catered to more than 7 million customers providing them with over $40 billion in funding. All of the three analysts on Wall Street who cover the stock currently have a ‘Buy’ rating on it with a consensus price target of $48.67%, representing a potential upside of close to 50% from the stock’s last closing price.

You can also look at 12 Best IPO Stocks To Buy Now and 16 Best Penny Stocks To Buy.

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