Tudor Investment Corp ET AL Purchases New Shares in Encore Capital Group Inc $ECPG

Tudor Investment Corp ET AL purchased a new position in Encore Capital Group Inc (NASDAQ:ECPG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,041 shares of the asset manager’s stock, valued at approximately $586,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Stephens Investment Management Group LLC lifted its holdings in Encore Capital Group by 4.8% during the third quarter. Stephens Investment Management Group LLC now owns 1,308,252 shares of the asset manager’s stock valued at $54,606,000 after purchasing an additional 59,421 shares in the last quarter. Heartland Advisors Inc. increased its stake in shares of Encore Capital Group by 17.7% during the third quarter. Heartland Advisors Inc. now owns 350,850 shares of the asset manager’s stock worth $14,644,000 after purchasing an additional 52,700 shares in the last quarter. Barclays PLC raised its position in shares of Encore Capital Group by 11.1% during the 3rd quarter. Barclays PLC now owns 332,702 shares of the asset manager’s stock worth $13,887,000 after purchasing an additional 33,350 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Encore Capital Group by 16.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 274,318 shares of the asset manager’s stock valued at $11,450,000 after buying an additional 38,908 shares in the last quarter. Finally, Royce & Associates LP lifted its stake in Encore Capital Group by 2.5% in the 3rd quarter. Royce & Associates LP now owns 204,970 shares of the asset manager’s stock valued at $8,555,000 after buying an additional 5,030 shares in the last quarter.

Insider Buying and Selling at Encore Capital Group

In related news, insider Ryan B. Bell sold 7,240 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $69.04, for a total value of $499,849.60. Following the completion of the sale, the insider owned 48,170 shares of the company’s stock, valued at approximately $3,325,656.80. This represents a 13.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.63% of the company’s stock.

Encore Capital Group Price Performance

ECPG stock opened at $70.12 on Wednesday. Encore Capital Group Inc has a 1 year low of $26.45 and a 1 year high of $74.58. The company has a debt-to-equity ratio of 4.10, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market capitalization of $1.50 billion, a PE ratio of 6.40 and a beta of 1.35. The business has a 50 day simple moving average of $62.70 and a 200-day simple moving average of $53.80.

Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings data on Wednesday, February 25th. The asset manager reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $1.17. The company had revenue of $473.55 million for the quarter, compared to analyst estimates of $423.14 million. Encore Capital Group had a return on equity of 28.19% and a net margin of 14.52%.The firm’s revenue for the quarter was up 78.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($9.42) earnings per share. Equities research analysts anticipate that Encore Capital Group Inc will post 5.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on ECPG shares. Truist Financial boosted their price objective on Encore Capital Group from $59.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Citigroup reaffirmed an “outperform” rating on shares of Encore Capital Group in a research note on Tuesday, January 20th. Zacks Research upgraded Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Wall Street Zen downgraded Encore Capital Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings upgraded Encore Capital Group from a “sell (d-)” rating to a “hold (c-)” rating in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $75.50.

Encore Capital Group Company Profile

Encore Capital Group, Inc is a global specialty finance company that focuses on the purchase and management of nonperforming consumer receivables. Through its subsidiaries, the company acquires charged-off debt portfolios from credit card issuers, banks, and other financial institutions, and seeks to recover outstanding balances through a combination of customer outreach, payment arrangements, and, where appropriate, legal collection efforts. Encore’s business model emphasizes compliance with regulatory and industry standards to ensure ethical and transparent debt-recovery practices.

Headquartered in San Diego, California, Encore operates across North America and Europe.