SG Americas Securities LLC Grows Stock Holdings in Encore Capital Group, Inc. (NASDAQ:ECPG)

SG Americas Securities LLC grew its holdings in Encore Capital Group, Inc. (NASDAQ:ECPGFree Report) by 71.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,126 shares of the asset manager’s stock after purchasing an additional 7,162 shares during the quarter. SG Americas Securities LLC owned about 0.07% of Encore Capital Group worth $810,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Meeder Asset Management Inc. acquired a new position in Encore Capital Group in the second quarter valued at approximately $33,000. nVerses Capital LLC lifted its holdings in Encore Capital Group by 450.0% in the second quarter. nVerses Capital LLC now owns 1,100 shares of the asset manager’s stock valued at $46,000 after acquiring an additional 900 shares during the last quarter. Innealta Capital LLC acquired a new position in Encore Capital Group in the second quarter valued at approximately $60,000. EntryPoint Capital LLC acquired a new position in Encore Capital Group in the first quarter valued at approximately $138,000. Finally, ProShare Advisors LLC lifted its holdings in Encore Capital Group by 7.4% in the first quarter. ProShare Advisors LLC now owns 4,692 shares of the asset manager’s stock valued at $214,000 after acquiring an additional 323 shares during the last quarter.

Encore Capital Group Stock Performance

NASDAQ:ECPG opened at $44.88 on Friday. The firm has a market capitalization of $1.06 billion, a PE ratio of -5.23 and a beta of 1.55. The business’s fifty day moving average price is $47.53 and its 200 day moving average price is $45.26. The company has a debt-to-equity ratio of 3.50, a current ratio of 1.27 and a quick ratio of 1.27. Encore Capital Group, Inc. has a 12 month low of $34.74 and a 12 month high of $54.55.

Encore Capital Group (NASDAQ:ECPGGet Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The asset manager reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.10. The company had revenue of $355.29 million for the quarter, compared to analyst estimates of $346.06 million. Encore Capital Group had a positive return on equity of 11.12% and a negative net margin of 15.43%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.08 earnings per share. On average, sell-side analysts anticipate that Encore Capital Group, Inc. will post 5.56 earnings per share for the current fiscal year.

Insider Transactions at Encore Capital Group

In related news, SVP Andrew Eric Asch sold 1,251 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $50.00, for a total value of $62,550.00. Following the completion of the sale, the senior vice president now owns 18,075 shares in the company, valued at $903,750. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.63% of the company’s stock.

Wall Street Analyst Weigh In

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

Check Out Our Latest Analysis on Encore Capital Group

Encore Capital Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Encore Capital Group (NASDAQ:ECPG)

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