Encore Capital Group, Inc. (NASDAQ:ECPG) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in Encore Capital Group, Inc. (NASDAQ:ECPG) by 71.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,126 shares of the asset manager’s stock after purchasing an additional 7,162 shares during the quarter. SG Americas Securities LLC’s holdings in Encore Capital Group were worth $810,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. ProShare Advisors LLC boosted its holdings in shares of Encore Capital Group by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 4,692 shares of the asset manager’s stock valued at $214,000 after purchasing an additional 323 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Encore Capital Group by 8.8% in the 2nd quarter. Victory Capital Management Inc. now owns 4,980 shares of the asset manager’s stock valued at $208,000 after purchasing an additional 403 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of Encore Capital Group by 9.8% in the 2nd quarter. Inspire Investing LLC now owns 8,536 shares of the asset manager’s stock valued at $356,000 after purchasing an additional 759 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Encore Capital Group during the 2nd quarter valued at $33,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Encore Capital Group by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,647 shares of the asset manager’s stock valued at $486,000 after acquiring an additional 790 shares in the last quarter.

Encore Capital Group Price Performance

ECPG opened at $44.88 on Friday. The company has a 50-day moving average of $47.53 and a 200-day moving average of $45.26. The company has a market capitalization of $1.06 billion, a P/E ratio of -5.23 and a beta of 1.55. Encore Capital Group, Inc. has a 1-year low of $34.74 and a 1-year high of $54.55. The company has a debt-to-equity ratio of 3.50, a quick ratio of 1.27 and a current ratio of 1.27.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings data on Wednesday, August 7th. The asset manager reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.10. Encore Capital Group had a negative net margin of 15.43% and a positive return on equity of 11.12%. The business had revenue of $355.29 million during the quarter, compared to the consensus estimate of $346.06 million. During the same quarter in the prior year, the firm earned $1.08 EPS. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities analysts expect that Encore Capital Group, Inc. will post 5.56 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Truist Financial reduced their target price on shares of Encore Capital Group from $70.00 to $64.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th.

Insider Activity at Encore Capital Group

In other Encore Capital Group news, SVP Andrew Eric Asch sold 1,251 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $50.00, for a total transaction of $62,550.00. Following the completion of the transaction, the senior vice president now directly owns 18,075 shares of the company’s stock, valued at $903,750. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.63% of the company’s stock.

Encore Capital Group Company Profile

Encore Capital Group, Inc, a specialty finance company, provides debt recovery solutions and other related services for consumers across financial assets worldwide. The company purchases portfolios of defaulted consumer receivables at deep discounts to face value, as well as manages them by working with individuals as they repay their obligations and works toward financial recovery.