market folly

Michael Price and Amos Meron's hedge fund Empyrean Capital has filed a 13G with the SEC regarding its position in Enova International (ENVA).  Per the filing, they now own 7.1% of the company with over 2.37 million shares.

This means they've boosted their position size by over 2.11 million shares since the end of the second quarter when they owned only 264,185 shares.  The filing was made due to activity on October 25th.

About Empyrean Capital

Empyrean is an event-driven hedge fund based in California.  As of their last 13F filing, they reported assets under management of $2.21 billion, but keep in mind that doesn't include international stock positions, cash, etc.

About Enova International

Per Google Finance, Enova International is "a provider of online financial services to non-prime consumers and small businesses, providing access to credit powered by its advanced analytics, technology, and online platform and services. Enova has provided over four million customers around the globe access to more than $17 billion in loans and financing. The financial technology company has a portfolio of trusted brands serving consumers, including CashNetUSA, DollarsDirect, NetCredit, On Stride Financial, Pounds to Pocket, QuickQuid and Simplic; two brands serving small businesses, Headway Capital and The Business Backer, and offers online lending platform services to lenders. Through its Enova Decisions brand, it also delivers on-demand decision-making technology and real-time predictive analytics services to clients."